July was a good income month and another large expense month (see spreadsheet screenshot).
Our total income in July was $14,005.09. My 25% 401(k) contributions began kicking in this month, so my paychecks and bonus check were greatly reduced as a result. In addition to our paychecks (I received a 3rd “extra” paycheck this month), I received a $4,611.74 ($2,187.63 net) monthly bonus. My wife received an $800 auto allowance and a $150.00 company reimbursement for internet service. I received $650.94 in auto allowance and mileage reimbursement. We also received $110 in preschool reimbursement, and earned $0.19 in interest income from our online savings account.
This month, we spent a total of $11,470.19. Some of our larger, non-typical expenses included $2,459 in nanny/babysitting, $1,309 in household items, and $425.45 in dinning.
Next month, my wife and I will both be receiving bonuses so it will be a large income month.
