Category Archives: Income Statement

Income Statement

June 2013 Income Statement

June was an average income month and a large expense month too (see attached spreadsheet).

Our total income in June was $8,168.51.  In addition to our regular paychecks, my wife received a $30 company reimbursement.  We received $175 in credit card cash back rewards and we earned $2.39 in interest income from our online savings account.

In June, we spent a total of $10,314.57.  Our spending has been out of control lately.   Some of the larger, non-typical expenses include $548 auto insurance, $455 for furniture, etc.

July should be a normal income month, and we hope to give an honest attempt at reducing our expenses.
 
 
Income Statement

May 2013 Income Statement

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May was a nice large income month and a large expense month too (see attached spreadsheet).

Our total income in May was $12,074.62.  In addition to our regular paychecks, my wife and I both received a third “extra” paycheck (my wife’s was for 1 week).  I also cashed in 32 hours of PTO for $764.59 (net).  We received $25 in credit card cash back rewards, a $210 health insurance refund, a $13 state refund check, and we earned $3.47 in interest income from our online savings account.

In May, we spent a total of $10,484.87.  Some of the larger, non-typical expenses include $1,053.27 in gifts, $475 extra in nanny/babysitting, ~$315 in doctor visits/prescriptions,

June should be a normal income month, but we have a few large bills including ~$550 in auto insurance due.
 
Income Statement

April 2013 Income Statement

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April saw a boost in our income, thanks to my wife beginning her new job mid-month.  Sadly, our expenses were extraordinarily high (see attached spreadsheet).

Our total income in April was $7,170.03.  In addition to my regular paychecks this month, my wife received $900 unemployment and 2,367.22 from her new job.  We received $50.00 in credit card cash back rewards, a $200 rebate, and we earned $5.61 in interest income from our online savings account.

In April, we spent a total of $10,281.36, requiring us to dip into our savings.  In addition to our normal expenses, we paid $1,058.06 in supplemental tax and $2,200 for a new fence.

My wife left her new job after 2 weeks and went back to work for her old company.  May will be her first full month of employment since December, so it will help us get back on track.  We also both receive a third “extra” check in May.
 
 
Income Statement

March 2013 Income Statement

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March was a pretty low income month because my wife was still searching for a job.  We were, however, able to lower our standard expenses a bit (see attached spreadsheet), but were hit hard with income taxes.

Our total income in March was $5,478.50.  In addition to my regular paychecks this month, my wife received $1,800 unemployment.  We also received $25.00 in credit card cash back rewards and we earned $6.30 in interest income from our online savings account.

In March, we spent a total of $7,837.81.  This included a couple of large tax hits: $1,121 state income taxes, $226 federal income taxes, and $300 to our tax accountant.

In April, my wife begins her new job, so we should have an influx of cash, which is good because we have a $1,058.06 in supplemental tax bill coming up.

Income Statement

February 2013 Income Statement

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February was an okay income month, all things considered (wife unemployed), but we weren’t able to keep our expenses as low as we would have liked (see attached spreadsheet).

Our income totaled $7,716.98 in February.  In addition to my regular paychecks this month, my wife received $1,800 unemployment.  We also received a $2,154.27 refund check from our mortgage prepaid & escrow, $96.78 in credit card cash back rewards, and we earned $8.10 in interest income from our online savings account.

In February, we spent a total of $7,599.12.  Most were standard expenses, but one larger non-standard expenses was $195 for my wife’s hair and nails (interviewing expense).

Next month we should receive a $200 electricity rebate for our new pool pump.

Income Statement

January 2013 Income Statement

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As expected, January was a low income month because my wife was unemployed.  Sadly, we weren’t able to keep our expenses as low as we would have (see attached spreadsheet).

Our income totaled $5,506.34 in January.  In addition to my regular paychecks this month, my wife received $1,800 unemployment.  We also received $50 in credit card cash back rewards and we earned $9.14 in interest income from our online savings account. 

In January, we spent a total of $8,869.22 – about $3,362 more than we earned.  Some of the larger non-standard expenses were: $685 for six months of life insurance (20 year term for both of us) and $551.36 for six months of auto insurance for our two vehicles.

Next month, we should receive a $2,154.27 refund from our mortgage prepaid & escrow.
 
Income Statement

December 2012 Income Statement

December ended up being a pretty good income month considering that my wife was laid off at the end of November.  However, we spent more than we earned.

Our income totaled $9,427.56 in December.  In addition to my regular paychecks this month, my wife received a $4,128.20 separation package from her company.  In addition, my wife received a $25.00 in company reimbursement for internet, we received $260.00 in gifts, and we earned $6.54 in interest income from our online savings account.  My wife began unemployment this month and received $1,350.

In December, we spent a total of $10,120.01; hard to tell my wife just lost her job, huh?  Some of the larger non-standard expenses were: $1,326.72 pool pump, $1,058.06 in supplemental tax, $250 range membership, and $235.48 in clothing.

Next month my 2.25% raise kicks in and my wife will receive her first full month of unemployment.  We may also receive a refund check from our prepaid and escrow account in January or February.

 

Income Statement

November 2012 Income Statement

4 Comments

November was a wild ride.  Our income was near record breaking (for us), our expenses reasonable by comparison, and my wife’s company laid off the entire national sales force (click on spreadsheet below). 

Our total income for November was $19,454.47, our 2nd largest income month since we began tracking in 2007.  My wife received a third “extra” paycheck this month, an awesome quarterly bonus of $11,150 gross ($8,182.69 net), and was paid out 33.25 hours PTO $1,154.55.   In addition, my wife received a $61.99 in company reimbursements.  We also received $75.00 in credit card cash back rewards, $18.40 in a BofA judgment, and we earned $3.37 in interest income from our online savings account. 

In November, we spent a total of $11,506.85 ($2K of which was tithe).  Some of the larger non-standard expenses were: $1,028.48 for a generator and $309.69 for a laptop.

Next month (December) will be little unpredictable.  My wife receives her final paycheck that includes: 1 week pay and 1 week severance with the possibility of an additional 6 days severance and $500 (based on the return of the company car and company property).
 
Income Statement

October 2012 Income Statement

October was a very good income month and a slightly high expense month (click on spreadsheet below). 

Our total income for October was $8,065.98. I received a third “extra” paycheck this month.   In addition to our regular paychecks, my wife received a $25 company reimbursement.  We also received $58.08 in credit card cash back rewards and we earned $2.14 in interest income from our online savings account. 

Our spending continues to be higher than plans – we’re not within our budget of ~$6,600.   In October, we spent a total of $9,326.18.  Some of the larger non-standard expenses were: $475.70 for two new car seats, $200.78 for brakes, and $119.57 for a baby monitor.

Next month (November) should be another very good income month because my wife receives a third “extra” paycheck and what may be a large quarterly bonus. 
Income Statement

September 2012 Income Statement

September was a normal income month and a high expense (click on spreadsheet below). 

Our total income for September was $8,065.98.  In addition to our regular paychecks, my wife received a $25 company reimbursement.  We also received $50.00 in credit card cash back rewards, $275.00 in gifts to our sons 529 Plan, and we earned $3.64 in interest income from our online savings account. 

In September, we spent a total of $8,362.84, higher than we should have spent, but less than we’ve spent almost every month this year.  Some of the random large expenses were: $345.77 went to repainting the inside of our home, $489.08 in pool supplies, $432.35 SDG&E, and a few hundred towards our son’s 1st birthday party.

Next month (October) should be a very good income month because I receive a third “extra” paycheck.  Hopefully we can tighten our belts and spend less…