March 2014 Income Statement

March was a standard income month and a high expense month (see attached spreadsheet).

Our total income in March was $9,938.22.  My wife canceled her monthly ESPP contribution so her take home increased $401.18.  In addition to our regular paychecks, my wife received a $600 auto allowance and a $100 company reimbursement for internet service.  We also received $73.73 in credit card cash back rewards and earned $3.41 in interest income from our online savings account.

In March, we spent a total of $10,105.71.  Some of the other larger, non-typical expenses include $313.95 for a speeding ticket and $125.00 for our son’s preschool registration.

April will be interesting.  I receive a third “extra” paycheck and we meet with our tax accountant to do our income taxes.

2014 Net Worth Update (+2,728.93)

March was a good net worth increase month.  In March, our net worth increased $2,728.93, to a total of $276,759.31 (click on spreadsheet below).

What Worked
We contribution at total of $1,223.05 to our retirement accounts and saw them increase $1,953.11.  We also contributed $150 to our son’s 529 Plan and $750 to savings.  We also closed my wife’s ESPP and moved the money into savings. 
 
What Didn’t Work
Our relatively new taxable brokerage account investment declined considerably.

Next Month
April should be a better than normal income month because I receive a third “extra” paycheck.