December 2023 Income Statement

In December, we had a great income month and a high expense month.

Our total income this month was $20,274.05.  My wife maxed out on her 2023 social security contributions so her paychecks for the remainder of the year will be a bit larger ($5,993/paycheck vs $5,444.56/paycheck). In addition to my wife’s regular paychecks, she received a quarterly bonus of $11,475 gross ($7,098.10 net) and a $78.57 reimbursement for internet service. We also received an unexpected state tax refund of $1,128.59 and earned $102.31 in interest income from our savings accounts.

This month, our expenses totaled $22,119.51.  Large expenses included $6,748 for household items, $2,047 in giving to church and friends/family, $5,236 for food (groceries and dining) and $1,116 in season passes for local ski resort.

Next month we start the new year and will post our 2024 goals soon.