December was a great income month and reasonable expense month (see spreadsheet screenshot). Sadly, my wife and her team were informed that they are being laid off as of 12/31/15. Thankfully, they put together a generous severance package for her.

Our total income in November was $18,110.35. In addition to our paychecks, my wife received $4,489.54 (net) for cashed in PTO and I received a monthly bonus $2,764.10 gross ($1,584.05 net). My wife also received an $800 auto allowance and a $150 in company reimbursements. I received $481.58 in auto allowance and mileage reimbursement. We also received $287 in preschool reimbursement, and earned $4.10 in interest income from our online savings account.

This month, we spent a total of $10,724.62. Relatively low compared to our income for the month. Some of our larger, non-typical expenses included $1,407 in gifts (Christmas), $1,024 in household items, and $181 in clothing.

Next month, my wife will receive a severance and bonus totaling $34K gross. We plan to bank as much of this as possible to provide us a cushion as she looks for a new job.