November 2014 Income Statement

November a very good income month and a larger than budgeted expense month (see spreadsheet below).

Our total income in November was $14,923.69. In addition to my wife’s paycheck, she received an $800 auto allowance and a $130 company reimbursement for internet service and FasTrak pass. The big news was that she also earned a quarterly bonus of $12,490 gross ($7,664.17 net). Such a blessing! We received a $96.79 home owner's insurance refund for removing our jewelry rider (another post, another time) and earned $5.60 in interest income from our online savings account. 

In November, we spent a total of $9,201.88. Some of our larger non-standard expenses were $597 for airline tickets, $373 urgent care bill for our son, and $1,100 in extra mortgage principal payments. If you subtract out our extra mortgage principal payments, our expenses were a slightly more reasonable $8,101.88.  Better than last month.

Next month should be a pretty typical income month. Obviously Christmas will bring additional expenses in the form of gifts and holiday travel, but hopefully not too much.

October 2014 Income Statement

October was the first month living on just my wife’s income, and we blew the budget.

Our total income in October was $7,392.08. In addition to my wife’s paycheck, she received an $800 auto allowance and a $100 company reimbursement for internet service. We also received $45 credit card reward, $100 from a laptop sale, and $115 from Husband's mom.  We earned $4.95 in interest income from our online savings account.

In October, we spent a total of $9,707.57.  We had a $174 windshield repair, $220.62 for clothing, and $2,170.61 in “household items”.   We will have to work harder in November to get our expenses inline.

Next month, my wife should receive a $12,000 gross quarterly bonus.  Last month, we reduced our nanny’s work schedule to four days per week, saving $320/month.  We have decided to reduce her schedule to three work day per week, beginning November 1^st, saving another $320/month.

 

 

 

 

 

September 2014 Income Statement

September was another very good income month, but we had a few last minute large expenses that blew the budget.

Our total income in September was $13,739.35. In addition to our regular paychecks, I received $2,049.71 PTO payout and last weeks pay.  My wife’s company paid her an $800 auto allowance and a $100 company reimbursement for internet service. We also received $95 from Verizon and a $30 for our daughter’s 529 Plan.  We earned $5.38 in interest income from our online savings account.

In September, we spent a total of $16,789.56!  Not something we expected the month I quit working.  Some of the larger, non-typical expenses include $6,366 for a new HVAC, $500 for a new laptop, and $310 for new brakes and rotors.

 am very interested to see if we can dramatically reduce our expenses in October.  My wife’s  net income each month is $6,300.28 plus an additional $900.00 for auto allowance and internet service.  So, $7,200 or less is the goal.

August 2014 Income Statement

August was an awesome income month and we kept our expenses pretty well in line. (see attached spreadsheet).


Our total income in August was $18,070.88. In addition to my regular paychecks, my wife received $2,610.71 in disability, and a partial $3,006.96 paycheck after returning to work on the 18th. She also received a $13,050 gross ($8,009.69 net) quarterly bonus! My wife’s company paid her an $800 auto allowance and a $100 company reimbursement for internet service. We earned $4.50 in interest income from our online savings account. 


In August, we spent a total of $9,673.69. Some of the other larger, non-typical expenses include $200 new mobile phone for meand a larger than normal electricity bill of $525.25. In addition, our nanny’s weekly pay went from $300/week to $400/week as she began watching both of our children when my wife completed maternity leave. Our son also started preschool ($397/month).


September will be our last month with two incomes until I find a new job. I trust God has a great now position for me.

July 2014 Income Statement

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.

June 2014 Income Statement

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.

May 2014 Income Statement

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.

April 2014 Income Statement

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! 

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.

January 2014 Income Statement

January was a standard income month, and a large expense (see attached spreadsheet).

Our total income in January was $9,465.41.  In addition to our regular paychecks, my wife received a $600 auto allowance, and a $100 company reimbursement for internet service.  We earned $0.15 in interest income from our online savings account.

In January, we spent a total of $11,537.47.  Not as much as last month, but more than we earnedL.  Some of the larger, non-typical expenses include $ 1,619.98 for new gun, $573.88 auto insurance (2 cars, 6 months), and $685 for term life insurance (for both of us).

February should be a huge income month as my wife should receive a $66,600 (gross) quarterly bonus!

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.

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.

 

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 3^rd “extra” check.

 

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.

July 2013 Income Statement

July was an average income month and a larger than budget expense month (see attached spreadsheet).

Our total income in July was $8,083.39.  In addition to our regular paychecks, my wife received a $25 company reimbursement.  We also received $45.36 in credit card cash back rewards and earned $2.71 in interest income from our online savings account.

In July, we spent a total of $8,300.78.   Some of the larger, non-typical expenses include $1,200 vacation and $924.20 for groceries.

 
August will be interesting.  My wife will be giving her 2 week notice and does not start her new job until the end of August.  Hopefully her current company won't let her go as soon as she gives notice.

June 2013 Income Statement

June was an average income month and a large expense month too (see attached spreadsheet).

Our total income in June was $8,168.51.  In addition to our regular paychecks, my wife received a $30 company reimbursement.  We received $175 in credit card cash back rewards and we earned $2.39 in interest income from our online savings account.

In June, we spent a total of $10,314.57.  Our spending has been out of control lately.   Some of the larger, non-typical expenses include $548 auto insurance, $455 for furniture, etc.

July should be a normal income month, and we hope to give an honest attempt at reducing our expenses.

 

 

May 2013 Income Statement

May was a nice large income month and a large expense month too (see attached spreadsheet).

Our total income in May was $12,074.62.  In addition to our regular paychecks, my wife and I both received a third “extra” paycheck (my wife’s was for 1 week).  I also cashed in 32 hours of PTO for $764.59 (net).  We received $25 in credit card cash back rewards, a $210 health insurance refund, a $13 state refund check, and we earned $3.47 in interest income from our online savings account.

In May, we spent a total of $10,484.87.  Some of the larger, non-typical expenses include $1,053.27 in gifts, $475 extra in nanny/babysitting, ~$315 in doctor visits/prescriptions,

June should be a normal income month, but we have a few large bills including ~$550 in auto insurance due.

 

April 2013 Income Statement

April saw a boost in our income, thanks to my wife beginning her new job mid-month.  Sadly, our expenses were extraordinarily high (see attached spreadsheet).

Our total income in April was $7,170.03.  In addition to my regular paychecks this month, my wife received $900 unemployment and 2,367.22 from her new job.  We received $50.00 in credit card cash back rewards, a $200 rebate, and we earned $5.61 in interest income from our online savings account.

In April, we spent a total of $10,281.36, requiring us to dip into our savings.  In addition to our normal expenses, we paid $1,058.06 in supplemental tax and $2,200 for a new fence.

My wife left her new job after 2 weeks and went back to work for her old company.  May will be her first full month of employment since December, so it will help us get back on track.  We also both receive a third “extra” check in May.

 

 

March 2013 Income Statement

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.

February 2013 Income Statement

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.