Since this blog is new, here is my most recent financial snapshot. In the future, I will post these on the final day of every month.
| Aug-16 | Comments | |
|---|---|---|
| Rent | $765.00 | $750 for rent + $15 in fees for Plastiq in order to pay via credit card |
| Internet | $60.92 | Internet is kind of expensive out here in the boonies |
| Cell Phone | $32.88 | $30 + taxes/fees for 5 GB of 4G data through T-Mobile |
| Natural Gas | $37.87 | Actually 2 months’ worth of gas, due to billing timing |
| Electricity | $30.87 | A little higher than average this month due to fan use |
| Water | $42.48 | My actual water usage is only about $5, but my town tacks on so many fees that the bill comes to $40+ every month! |
| Groceries | $168.66 | About average for me. I cook nearly all of my meals myself and do 95% of my grocery shopping at Aldi for massive savings. |
| Car Insurance | $0.00 | I pay every 6 months in April and October. |
| Gasoline | $79.53 | More than average, due to extra travelling for work. |
| Car Expenses | $0.00 | Nothing broken or needing maintenance this month! |
| Health Insurance | $19.30 | Heavily subsidized, high-deductible plan through my work. Includes health, dental, and vision. |
| Other | $31.47 | $31 for fluoride varnish not covered by dental insurance, 47 cents for a stamp to mail a jury duty form. |
| Necessary | $1,268.98 | Slightly below average. Not too bad! |
| Restaurants | $36.50 | Eating out twice with coworkers |
| Entertainment | $8.99 | Netflix! |
| Shopping | $0.00 | No unnecessary shopping for this month |
| Travel/Parking | $11.20 | 9/11 security fee on the ticket to visit family in December. I paid for the airfare using miles! |
| Gifts/Donations | $10.00 | Patreon donation to my favorite YouTube channel |
| Software/Games | $0.00 | Nothing to see here, move along |
| Other | $0.00 | Nothing to see here, move along |
| Discretionary | $66.69 | Very low this month! |
| Total Expenses | $1,335.67 | Low this month! |
| Gross Income | $5,246.54 | Standard paychecks this month |
| 401(k) Match | $157.12 | My company matches 3% of gross salary |
| Taxes | $972.52 | Federal + state income tax + payroll taxes. Have already maxed out pre-tax 401(k) contributions so no deduction left for me. Boo! |
| Net Income | $4,431.14 | Bit below average due to higher taxation (see above) |
| Savings | $3,095.47 | What I didn’t spend this month. Most of this currently goes to after-tax 401(k). |
| Savings Rate | 69.9% | Savings / Net Income. Not bad for this month! |
| Net Worth | $ 93,133.74 | Getting close to $100k! |
Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years 3 months