Category Archives: Income Statement

May 2008 Income Statement

I wish we could have kept our expenses at the same level as last month, but it didn't happen. We spent a good amount of money in May, but thankfully, we earned much more (click on spreadsheet below).In addition to our regular saleries, my wife received an "extra" paycheck, a $943.92 commission check, and a $89.10 mileage reimbursement check.Outside of our jobs, we earned a $50 Chase credit card cash back reward, $25 HSBC credit card reward, and our $1,200 economic stimulus check. Our E*TRADE savings Read more [...]

April 2008 Income Statement

We did a great job of staying within our budget this month (click on spreadsheet below). In fact, this is the least amount of money we have spent in quite awhile, which is great after last month.One of the few areas we went over budget was $222.30 in our Entertainment category because we had a couple of nights out with friends celebrating their birthdays. Incomewise, I received a 2.07% raise. My wife earned $466.91 in commissions and $40.80 in reimbursements. We also received a $66.65 cash back reward Read more [...]

March 2008 Income Statement

It’s scary sometimes how much we can spend in one month (click on spreadsheet below).Thank God for the extra money we brought in above our standard income. The largest amount of money was brought in by my Wife's in the form of a $1,292.50 commission check and a $188.54 mileage reimbursement check. We also received a $384.44 property tax refund, $60 from my parents, and $60 from selling a few things. All of this extra money kept us from spending more than we earned in March.Needless to say, we went Read more [...]

February 2008 Income Statement

Wow, we went over budget in almost ever category this month (click on spreadsheet below). Income taxes, vaccines for our dog, food/drinks for a party, gifts, carpet cleaning, replacing our entertainment stand, eating out for our birthdays and Valentine's Day. You name it we did it.Thankfully, we had some extra income this month. My wife earned a $59.50 commission, I cashed out $1,239.53 of my company vacation, we earned a $25 HSBC credit card reward, and our neighbor paid us $96 for 6 months of internet.Next Read more [...]

January 2008 Income Statement

We did a good job keeping our expenses below our income in January (click on spreadsheet below). If you subtract out our extra $691.00 payment we made to our 2nd mortgage principle, we were more or less within our monthly budget.I received a 4.5% raise this month and 3 paychecks (1 more than usual). My wife received a $348.98 commission check, but her standard paycheck was slightly reduced because she transitioned from being a 1099 with no taxes taken out of her check, to an employee with taxes automatically Read more [...]

December 2007 Income Statement

We spent more than we earned in December. I was wrong last month when I said that we should not have any large annual expenses hit in December. We prepaid 16 months of my gym membership for $828. With the holiday and birthdays, we also spent $148.09 on gifts. Thankfully we spread our Christmas gift spending over a couple of months so it didn’t all hit in one month. I also bought a couple of pairs of work pants, shoes, and a shirt on sales for $166.03. We purchased our first term insurance policies Read more [...]

November 2007 Income Statement

At first glace, I was disappointed with how much money we seemed to have spent in November (click on spreadsheet below). It was more than last month and more than we earned. In fact, we had to dip into our savings to cover all of the bills. However, $1,296 went to paying for 12 months of our truck and condo insurance, $1,000 went into savings for my wife’s taxes while she is 1099, and $475 went to paying down our 0% interest credit card balance. If you subtract out this $2,771, we weren’t to Read more [...]

October 2007 Income Statement

We definitely spent more money in October (click on spreadsheet below) than last month.Our biggest expense was a $1,000 business expense that posted to my credit card, but that I was already reimbursed for in June. We also began purchasing Christmas gifts.Incomewise, my wife receive a $761.50 commission check from referring customer to her father's company and a $752 commission check from old job. In addition to this, we received 123.47 in credit card cash back rewards and a small rebate. Our interest Read more [...]

September 2007 Income Statement

As I hinted at last month, September was a great income month and a pretty decent month expensewise (click on spreadsheet below).While my income was pretty boring this month, my wife raked in money from 3 different companies. First, she received a $1,057.94 commission check from her old job (with another $799 commission check from the same company on the way next month). Second, she received a final $1,778.75 check for last 3 weeks with company that just laid her off. And finally, she received a Read more [...]

August 2007 Income Statement

As I mentioned in my July 2007 Income Statement post, I didn't expected that we would be able to match the relatively low expense levels of July in August. Well, August, with all of its ups and downs, ended up being a great month in terms of our expenses (click spreadsheet below). We only went over budget ~$300, $716.53 of which was for a new mattress. That puts our August expenses $264.69 lower than our July expenses!In terms of income, August was a mixed bag. I received an extra paycheck this month, Read more [...]