Income Statement

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.

Net Worth

December 2013 Net Worth Update (+$4,000.17)

In December, our net worth increased $4,000.17, to a total of $245,457.24 (click on spreadsheet below).

What Worked
In December, we contributed $818.88 to our retirement accounts and saw them increase $2,571.54to a total of $109,117.55.   We also contributed $275 to our son’s 529 Plan thanks to gifts for family.

What Didn’t Work
–

Next Month
January begins a new year with new goals.  Stay tuned!

Net Worth

November 2013 Net Worth Update (+2,098.03)

In November, our net worth increased $2,098.03, to a total of $241,457.07 (click on spreadsheet below).

What Worked

In November, we contributed $818.88 to our retirement accounts and saw them increase $1,018.43 to a total of $106,546.01.   We also contributed $150 to our son’s 529 Plan.

What Didn’t Work
–

Next Month
December should be another good month and strong close to 2013.

 

Income Statement

October 2013 Income Statement

October was an even better income month than last month, which was phenomenal, but it was also a large expense month(see attached spreadsheet).

Our total income in August was $13,672.80.  In addition to our regular paychecks, my wife received an unexpected bonus check ($3,000 gross, $1,683.60 net).  She also received a $600 auto allowance, and a $100 company reimbursement for internet service.  I received a third “extra” check this month.  We earned $2.49 in interest income from our online savings account.

In October, we spent a total of $11,199.67 continuing our trend of blowing our budgetJ.  Some of the larger, non-typical expenses include $550 brake job for car 2 and ~$3K in household items.

November should be a pretty standard income and expense month.

 

Net Worth

October 2013 Net Worth Update (+5,439.56)

Our net worth in October increased nicely again.  In October, our net worth increased $5,439.56, to a total of $239,359.04 (click on spreadsheet below).

What Worked

In October, we contributed $1,228.32 to our retirement accounts and saw them increase $4,545.84 to a total of $105,527.58.   While we don’t track current market value of our home in the spreadsheet (we use the purchase price), comps in our area are selling for $100K+ more than our purchase price.

What Didn’t Work
–

Next Month
November should be another good month. 

Income Statement

September 2013 Income Statement

September was a phenomenal income month and a big expense month too (see attached spreadsheet).

Our total income in August was $12,577.62.  In addition to our regular paychecks, my wife received a final check from her old company and a $700 company reimbursement from her new company.  We also received $75 in credit card cash back rewards, $150 in birthday gifts to our son (529Plan) and we earned $2.66 in interest income from our online savings account.

In September, we spent a total of $10,681.95 – not as much as last month ($12K), but more than we should.  Some of the larger, non-typical expenses include $215 BBQ, $2K in food, and $2K in misc. household items.

October should be another good income month – I receive a 3rd “extra” check.

 

Net Worth

September 2013 Net Worth Update (+6,882.47)

Our net worth in September showed good improvement.  In September, our net worth increased $6,882.47, to a total of $233,919.48 (click on spreadsheet below).

What Worked
September was such a blessing.  We found out that my wife is 4 weeks pregnant!  We are so happy to be having a second child.  We also passed the retirement savings milestone of $100,000 in total retirement assets!  September was my wife’s first full month at her new job, which she loves.  In September, we contributed $1,062.76 to our retirement accounts and saw them increase $5,802.02 to a total of $100,981.74.   We also tucked away a little more into our son’s 401(k).

What Didn’t Work
–
 
Next Month
October should be another good month.  I receive a 3rd “extra” check and no major expenses are planned.

Income Statement

August 2013 Income Statement

August, in addition to being brutally hot, was an good income month and a huge expense month too (see attached spreadsheet).

Our total income in August was $9,765.52.  In addition to our regular paychecks, my wife received a check from her new company for 1 week pro-rated ($1,651.44) and a $25 company reimbursement from her old company.  We also received $100 in credit card cash back rewards, $40 is H.S.A. reimbursements and we earned $2.66 in interest income from our online savings account.

In August, we spent a total of $12,135.49.   With my wife starting her new, higher paying job, we took the liberty to get some stuff that we’ve been needing/wanting.  Some of the larger, non-typical expenses include $1,186 gun safe, $978 in auto repairs (2 cars), and $389 wetsuits (2).

September will be interesting.  It will be my wife’s first full month at her new company.  Plus, she still is due 1 final week of pay from her old company.

Our path to financial independence and retiring early.