FIFoldPath

Monthly Financial Snapshot: February 2019

February is the shortest month by calendar days, but it's also the longest month for me in terms of hours spent working. In a typical month, I might spend approximately 168 hours working, but in February I worked 220 hours. That comes out to nearly an extra week's worth of work due to mandatory overtime! While I am paid at least straight time for most of the overtime, I still resent it because it's:

  • Mandatory
  • Takes over my life for 3-4 weeks every year
  • Isn't healthy
  • Leads to poor productivity and poor decision-making

I don't have much energy left to write more today, but suffice it to say that I'm happy that this month was pretty great from an income perspective, even though I would trade back some of that overtime for a day off if I could!

Category Feb-19 Comments
Rent $768.75 $750 for rent, paid via Plastiq
Internet $55.92 Internet is kind of expensive.
Cell Phone $0.00 Nothing this month.
Natural Gas $27.82 Slightly above average
Electricity $24.97 Slightly below average
Water $35.25 Slightly above average
Groceries $162.41 Slightly above average
Car Insurance $0.00 I pay every 6 months in April and October.
Gasoline $63.07 Slightly below average
Car Expenses $0.00 Nothing this month.
Health $42.62 Heavily subsidized, high-deductible health plans through my work. Includes health and dental. Gym membership.
Other $0.00 Nothing this month.
Necessary $1,180.81 Somewhat below average
Restaurants $46.28 Pizza and dinner with a coworker
Entertainment $0.00 Nothing this month.
Shopping $0.00 Nothing this month.
Travel/Parking $480.60 Annual fees on 2 cards, stayed a night at hotel, and visiting family next month!
Gifts/Donations $0.00 Nothing this month.
Software/Games $47.40 Moved this site to a Wordpress host.
Business -$284.53 Negative number = net business income
Other $0.00 Nothing this month.
Discretionary $289.75 Way below average!
Total Expenses $1,470.56 Way below average!
Gross Income $20,123.84 Annual bonus and overtime work
401(k) Match $225.06 My company matches 3% of gross salary
Taxes -$129.52 Got my federal tax refund which was larger than the total tax paid this month"
Net Income $20,478.42 Way above average!
Savings $19,007.86 Way above average!
Savings Rate 92.82% Way above average! February and March tend to be extra-high SR months due to my work patterns.
Net Worth $279,882.21 Markets did decently well in February, but this is mostly due to high savings this month.

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 4 years, 4 months.

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