Monday, February 20, 2017
January 2017 Income & 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 In other words, the amounts are what get deposited and withdrawn from my accounts.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) --- $9633.76
Dividends/Interest --- $249.57
Total net income --- $9883.33
Expenses --- $15773 (Taken from Mint)
Savings ($5890) --- Rate (59.60%)
Well that really sucks. I honestly can't remember having a negative savings rate in the last 10 years or so. Oh wait......how could I forget the divorce at the end of 2015!!! HUGE negative.
Here is what happened in January.
1. I had to replace my 19 year old roof and paid for it out of pocket.
2. I renewed both my home owners and auto insurance. (1 year coverage)
3. My knee surgery bills are still coming in like clockwork.
4. Spent too much money while on a cruise!
I know some people might say that the insurance and the roof could be expensed over time, but I like the cash accounting method better. I simply take what goes in and subtract what comes out. Nice and simple.
Right now I'm sitting at about $3500 in expenses for February. I am in RED ALERT mode after last month!! The good news is that thanks to the market, my net worth is quite a bit higher than it was at the end of 2016.