March 2025 Income Statement

In March, we had a huge income month and very large expense month.  We also finished our taxes and owe $2,190 to the fed and will receive a $3,480 refund from the state.

This month, our total net income was $53,972.30, thanks in part to my wife’s 4.26% raise from last month’s review.  In addition to my wife’s regular paychecks, she received a $52,967 gross (28,882.02 net) quarterly bonus, and $104.99 in company reimbursements.  She also sold $13,343.72 in company stock.  We earned $28.28 in interest income from our savings accounts.

This month, our expenses totaled $28,505.47.  Not too bad considering our amazing income month.  Large expenses included $7,850 for home maintenance, $2,121 for vacations, and $5,635 in giving.

Next month, my wife will receive another raise (3%) from a promotion that she received on Friday, taking her annual salary to $219,661 gross.  In addition to the raise, her target bonus total increased to $52,100 and her annual LTI stock increased to 40% of her salary ($87,864 in company stock total).

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