Category Archives: Income Statement

June 2007 Income Statement

We had a lot of money flowing out in June, going over our budget in almost all categories (click on spreadsheet below). I’m beginning to sound like a broken record when it comes to our budget.My wife and I have committed to doing a better job of watching expenses in July. In fact, we have already declined a couple of social events to help us get July off to a solid start.Working on it. Read more [...]

May 2007 Income Statement

We've gone over budget each month, so I decided to revise our monthly budget to more accurately reflect our expenses. Our new monthly budget is $6,113.42, to help better account for household expenses, entertainment costs, and a little extra buffer for random expenses.Nonetheless, we still went over budget, but by a smaller margin. Our total expenses for May were $6,251.88. Click on the spreadsheet below to see the breakdown. Read more [...]

April 2007 Income Statement

We went way over budget again. Darn it!To our credit, it was not because we spent frivolously. There were numerous one-time, annual, and prepayment expenditures that brought our total expenses for April to $7,581.50 (click on spreadsheet below).On the positive side, my wife netted an extra $1,147.24 in commissions, we had $127.55 in “other” income (see spreadsheet notes), and our interest income doubled to $11.08.May is forcasted to be a lighter month for us expense wise. If nothing unforseen Read more [...]

March 2007 Income Statement

We had a great net worth increase in March, but did a poor job staying within our budget. We were sadly over budget $775.68 in March (click on spreadsheet below).A lot of non-monthly bills hit in March, such as both cars needing servicing, buying a baby shower gift, enrolling wife in new insurance program, and a mini vacation. That's not a good excuse though because we also went over budget for some of our standard monthly bills.Time to take back some ground by coming in under budget next month!Stay Read more [...]