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.
In July, our net worth decreased $3,801.350, to a total of $284,672.36.
What Worked Our daughter’s new 529 Plan had a $5.61 increase over last month
What Didn’t Work We passed a net worth milestone of $290,000 in June, but dropped back well below $290K and have not yet recovered. We also added another hospital bill to the 0% credit card. We contribution at total of $818.88 (low because my wife is currently on disability) to our retirement accounts and saw them decrease $2,216.94.
Next Month September 19th will be my last month working at my current company. I have decided to take a break (hopefully short) to spend time with my family and then begin looking for a new job. So, we’ll try to get more money tucked away into savings in August to help get us through my period of unemployment.
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.
In June, our net worth increased $6,677.26, to a total of $288,473.86 (click on spreadsheet below).
What Worked We contribution at total of $818.88 (low because my wife is currently on disability) to our retirement accounts and saw them increase $4,895.26. We also contributed $3100 to our daughter’s 529 Plan.
What Didn’t Work We passed a net worth milestone of $290,000 in June, but backslide a little after placing $2,276.09 in charges from our daughter’s birth onto a 0% credit card. We also dipped into our savings a bit to cover a portion of the money used to open a 529 Plan for our daughter.
Next Month July may be a low income month (wife on disability) and, as a result, a low net worth increase month.
May was another great income month and a higher than normal expense month (see attached spreadsheet).
Our total income in May was $17,802.05. In addition to our regular paychecks, my wife earned a $13,140.00 gross ($7,080.03 net) quarterly bonus and received annual wellness check $1,000.00 gross ($985.45 net).She also received an $800 auto allowance and a $100 company reimbursement for internet service.We sold a video game system for $100 and earned $2.77 in interest income from our online savings account.
In May, we spent a total of $10,680.52.Some of the other larger, non-typical expenses include $1,695 cord blood banking for daughter and $400 for tax on old bonus credit card.
June will be interesting.My wife had our baby at the end of May and will be on disability for 3 months.The weekly disability checks should be ~$1,075.As a result, we’ll have to limit our spending a bit.
In May, our net worth increased $6,563.66 to a total of $281,796.60 (click on spreadsheet below). What Worked Our second child was born this month!She is a happy and healthy little girl.We feel so blessed!In addition to popping out a baby, my wife received a $13,140.00 gross ($7,080.03 net) quarterly bonus!We contribution at total of $1,016.16 to our retirement accounts and saw them increase $3,813.59.We also contributed $150 to our son’s 529 Plan and bolstered our savings a bit.
What Didn’t Work Our taxable brokerage accounts dipped down a bit.
Next Month My wife will be on disability for 3 months to spend time with our baby.Disability pays ~$1,075/week, so we will need to reduce our expenses.
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!
In April, our net worth decreased $1,526.37, to a total of $275,232.94 (click on spreadsheet below).
What Worked
We received a $1,902 Federal tax refund and a $540 State tax refund.We contribution at total of $1,632.49 to our retirement accounts and saw them increase $4,355.90.We also contributed $150 to our son’s 529 Plan.
What Didn’t Work We heavily depleted our savings to pay off credit card.
Next Month May should be a better than normal income month because my wife should receive her quarterly bonus.
Our path to financial independence and retiring early.
