October 2014 Income Statement

October was the first month living on just my wife’s income, and we blew the budget.

Our total income in October was $7,392.08. In addition to my wife’s paycheck, she received an $800 auto allowance and a $100 company reimbursement for internet service. We also received $45 credit card reward, $100 from a laptop sale, and $115 from Husband’s mom.  We earned $4.95 in interest income from our online savings account.

In October, we spent a total of $9,707.57.  We had a $174 windshield repair, $220.62 for clothing, and $2,170.61 in “household items”.   We will have to work harder in November to get our expenses inline.

Next month, my wife should receive a $12,000 gross quarterly bonus.  Last month, we reduced our nanny’s work schedule to four days per week, saving $320/month.  We have decided to reduce her schedule to three work day per week, beginning November 1st, saving another $320/month.