June 2020 Income Statement

In June, we had an amazing income month but we also had a huge expense month (see spreadsheet screenshot). 

Our total income in June was $16,493.11.  In addition to our regular paychecks, I received a monthly bonus of $1,968.00 gross ($1,080.36 net) and my wife received a quarterly bonus of $9,375 gross ($4,895.28 net). My wife also received a $168.66 auto allowance / mileage reimbursements, and $58.99 in internet reimbursements.  We also earned $9.38 in interest income from our savings accounts.

This month, our expenses totaled $34,205.10.  Absolutely crazy, I know. We’ve been doing a number of improvements to our home. Large expenses included $14,594.97 in home improvements, $3,067.53 in furniture and  $6,575.15 in household items.

My wife separated from her company in mid June and started a new job at the end of June.  We thought she would receive a large payout from her old company in June but it looks like it will arrive in July.  She should receive a severance (~$95K), cashing out stock options (~$30K) and cashing out vacation time (~$11K).

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