Sunday, July 5, 2015
June 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 In other words, the amounts are what get deposited and withdrawn from my accounts.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) --- $15027.40
Dividends/interest --- $1855.27
Closed options income --- $140.26
Total net income --- $17022.93
Expenses --- $3239.46
Savings --- $13783.47 Rate --- 80.97%
So what happened during the month of June? Well first of all, it was by far my highest income total of the year and was also the most money I have ever earned in any month at my job. To be fair, $1935 was actually a bonus that I had earned back in April, but I received the payment in June. Like I mentioned in the opening paragraph, I just add up the monthly debits and credits in my checking account regardless of when the money was technically earned. Even without the $1935, this was still my best income month for 2015.
On the passive income front, I was just a tad shy of $2,000 including my earned option premiums. Nonetheless, I am ecstatic over the results and will continue to invest heavily (unless I change my mind yet again). I keep saying that I would like to work on building up cash so we'll see how things play out.
Expenses were subdued this month much like the "quiet before the storm" and I was able to reach the very difficult 80% saving level for the second time this year. During July and August, I will have a couple of annual and semi-annual expenses to deal with...namely my yearly home owner's insurance premium, my semi-annual auto insurance premium, and finally a lot of vet bills that were incurred here recently. Sadly at sixteen years old, my dachschund passed away. He will be missed terribly by my wife and I. We would gladly take 0% savings rates for months on end if the little rascal could still be with us for a while longer. This is a sobering reminder that in the end, money is just dirty paper and numbers on an account statement. Relationships are the most important things in our lives.
In any event, I hope each of you continues fighting hard for financial independence knowing there are no silver bullets or lotto tickets involved in the journey. Fierce determination combined with relentless effort is what it takes.
Here are my savings rates for 2015.
January --- 46.72%
February --- 67.78%
March --- 80.00%
April --- 35.97%
May --- 71.72%
June --- 80.97%