October was the first month living on just my wife’s income, and we blew the budget.
Category Archives: Income Statement
September 2014 Income Statement
Our total income in September was $13,739.35. In addition to our regular paychecks, I received $2,049.71 PTO payout and last weeks pay. My wife’s company paid her an $800 auto allowance and a $100 company reimbursement for internet service. We also received $95 from Verizon and a $30 for our daughter’s 529 Plan. We earned $5.38 in interest income from our online savings account.
am very interested to see if we can dramatically reduce our expenses in October. My wife’s net income each month is $6,300.28 plus an additional $900.00 for auto allowance and internet service. So, $7,200 or less is the goal.
August 2014 Income Statement
August was an awesome income month and we kept our expenses pretty well in line. (see attached spreadsheet).
Our total income in August was $18,070.88. In addition to my regular paychecks, my wife received $2,610.71 in disability, and a partial $3,006.96 paycheck after returning to work on the 18th. She also received a $13,050 gross ($8,009.69 net) quarterly bonus! My wife’s company paid her an $800 auto allowance and a $100 company reimbursement for internet service. We earned $4.50 in interest income from our online savings account.
In August, we spent a total of $9,673.69. Some of the other larger, non-typical expenses include $200 new mobile phone for meand a larger than normal electricity bill of $525.25. In addition, our nanny’s weekly pay went from $300/week to $400/week as she began watching both of our children when my wife completed maternity leave. Our son also started preschool ($397/month).
September will be our last month with two incomes until I find a new job. I trust God has a great now position for me.
July 2014 Income Statement
July was a bit lower than normal income month (wife on disability), and our expenses were more than we brought.
Our total income in July was $8,745.67. In addition to my regular paychecks, my wife received $4,300.00 in SDI (disability). My wife’s company paid her an $800 auto allowance and a $100 company reimbursement for internet service. We earned $3.25 in interest income from our online savings account.
In July, we spent a total of $9,301.83. Some of the other larger, non-typical expenses include $600 vasectomy, $170 auto registration, and a larger than normal electricity bill of $496.55.
August will likely be a larger income month with my wife going back to work at the end of the month. She should also receive a quarterly bonus in August.
June 2014 Income Statement
June was another great income month, but also a higher than normal expense month (see attached spreadsheet).
Our total income in June was $10,004.15 (my wife is on disability spending time with baby). In addition to my regular paychecks, my wife received $4,914.29 in SDI (disability). She also received $360 due to a mistake on her last paycheck and $284.43 in extra disability from her company (above and beyond state disability). My wife’s company paid her an $800 auto allowance and a $100 company reimbursement for internet service. We earned $3.01 in interest income from our online savings account.
In June, we spent a total of $14,283.65. Some of the other larger, non-typical expenses include $5,560.54 for our portion of the c-section birth of our daughter and $245.32 in gifts.
July will likely be a low income month with my wife on disability.
May 2014 Income Statement
May was another great income month and a higher than normal expense month (see attached spreadsheet).
April 2014 Income Statement
April was great income month and a higher than normal expense month (see attached spreadsheet).
Our total income in April was $14,208.22. In addition to our regular paychecks, I received a third “extra” paycheck and my wife received a $600 auto allowance and a $100 company reimbursement for internet service. We also received $1,902 Federal tax refund, $540 State tax refund, $120 in gifts and earned $3.77 in interest income from our online savings account.
In April, we spent a total of $10,107.32. Some of the other larger, non-typical expenses include $300 for a tax accountant, $156 wife’s hair, $531.98 dinning, and $1,703.35 in household items.
May should be a good month for us to get ahead. My wife receives her quarterly bonus and a annual “wellness” bonus. Plus our daughter will be born!
March 2014 Income Statement
March was a standard income month and a high expense month (see attached spreadsheet).
January 2014 Income Statement
January was a standard income month, and a large expense (see attached spreadsheet).
December 2013 Income Statement
December was a good income month, but also a large expense (see attached spreadsheet).
Our total income in December was $10,545.66. In addition to our regular paychecks, my wife received a $600 auto allowance, and a $100 company reimbursement for internet service. Our son also received a total of $275 cash for Christmas, which was deposited into his 529 Plan. We earned $0.96 in interest income from our online savings account.
In December, we spent a total of $14,391.14. Wow! That’s a lot of money. Some of the larger, non-typical expenses include $811.46 in gifts, $539.999 for a dishwasher, and $572.38 for a gun.
January should be a pretty standard income month and a hopefully a more reasonable expense month.