Category Archives: Income Statement

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

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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…

Income Statement

August 2012 Income Statement

August was an amazing month – enormous income and large expenses (click on spreadsheet below). 

Our total income for August was $17,679.78, our second largest income month EVER.  The only larger month was December 2011 ($25,449.19, which included proceeds from a recreational vehicle sale).  Our income was huge this month because of my wife’s awesome quarterly bonus ($13,750 gross, $9,839.22 net). In addition to our regular paychecks, my received a $25 company reimbursement.  We also received $50.00 in credit card cash back rewards, a $50.00 gift for my sons 529 Plan, and we earned $3.22 in interest income from our online savings account. 

In July we spent a total of $13,051.92.  We had many rare expenses this month, starting with a $561.81 water bill (broken sprinkler) and $397.03 gas/electric bill (darn A/C). We also went on vacation to Canada($1,865.36), bought a new car battery ($125.91), insurance for our new SUV ($165.97), a portable A/C unit for my son’s room ($173.24 after a $150 gift card), various costs for my wife’s reunion.  We were busy this month!

Next month (September) should be a much more normal income month and hopefully, a mellow expense month.

Income Statement

July 2012 Income Statement

July was a somewhat higher than average income month and large expense month (click on spreadsheet below). 

Our total income for July was $8,061.55.  In addition to our regular paychecks, my received $60 in company reimbursements.  We also received a $128.61 auto insurance refund, $150 Best Buy store credit, and we earned $3.24 in interest income from our online savings account. 
In July we spent a total of $11,571.94.  Our largest expense was a $3,000 downpayment on a third vehicle that cost $17,998.  With this vehicle comes additional costs in terms of fuel, insurance, etc., but it will add to our quality of life as we make an effort to do more family outings.
Next month should be one of our largest income months ever, thanks to a very large quarterly bonus that my wife should receive.  Expenses should be slightly higher with the addition of our auto loan, insurance, and fuel.

 

Income Statement

June 2012 Income Statement

June was another outstanding income month and an above average expense month (click on spreadsheet below). 

Our total income for June was $10,456.04.  In addition to our regular paychecks, my wife received a third “extra” paycheck this month.  She also received a 1.75% merit raise that was backdated to April.  In addition to my wife’s awesomeness, we received a completely unexpected $473.02 property tax refund (major blessing!).  My wife received $40 in company reimbursements, we received $75 in credit card rewards, and we earned $3.55 in interest income from our online savings account. 

In June we spent a total of $8,787.81.  Large infrequent expenses included $425.24 for 6 months of auto insurance and $80 in gifts.  We also gave our nanny a $25/week raise.

July should be a fairly average month in terms of income and expenses.