Thursday, May 7, 2015
April 2015 Income and Expenses
The amounts below are cash amounts and are net of taxes, insurance, 401k contributions, HSA, etc. In other words, the amounts are what get deposited and withdrawn from my accounts.
Day job (take home pay) --- $12238.93
Dividends/Interest --- $885.04
Options income --- $181.10
Total net income --- $13305.07
Expenses --- $8519.89
Savings $4785.18 --- Rate 35.97%
My day job income drifted down once again on a month over month basis. I think some of my income is being impacted with the lower energy prices. While Houston is much more economically diversified now than say in 1980, lower oil prices still make people a little nervous around here.
Once again, dividends were very solid in April and I also received my first ever option income from a GE call that I opened and closed within two weeks. I don't plan on day trading with options going forward. In fact what few options I sell will be out of the money calls. I don't anticipate making more that $400-$600 a year with this strategy. My real intentions are to accumulate income producing assets, not day trade.
Expenses were a bit high this month. I don't like making excuses for large one time items, but in this case I had to write a $6150.00 check to the IRS. Actually "real expenses" would have been only $2369.89. This marks the second month in a row that my living expenses for the month were less than $3000.00. Also this is the first month that my expenses would have been less than $2500.00. Again, the cash that actually flowed out of my account was $8519.89. Still seeing my living expenses below $3000.00 is very encouraging.
It is a good thing that I managed to keep things under check for the last two months because I will be hit with a few higher expenditures this month. Mother's day for two mothers, graduation presents, and a vacation will on my agenda for May. Is there a month that doesn't involve some kind of holiday, birthday, or graduation?? Oh well such is life.