February 1, 2011

January 2011 Income Statement

Thankfully, we made up some lost ground in January (click on spreadsheet below).

In addition to our paychecks, my wife also received $150 reimbursement from her company for cell phone for December and January. We earned a $175 Chase credit card reward and $50 from selling dog stuff on craigslist. As our savings account balance creeps up, we’re earning more interest income to the tune of $11.06 in January.

We worked hard in January to control our spending and it worked. After a HUGE expense month in December ($7,919.80), we righted the ship in January, only spending $5,591.83. Now we need to carry this momentum into February.

Next month is going to be a big income month. My wife is doing awesome in her job and, as a result, is receiving a Q4 bonus of $6,041.28 gross. Plus, we do not have any large expenses forecast for February.

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