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Monthly Financial Snapshot: October 2016

You can also track my all-time progress on the aptly-named Current Progress page.

Rent$765.00$750 for rent + $15 in fees for Plastiq in order to pay via credit card
Internet$60.92Internet 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$0.00No gas bill this month due to timing.
Electricity$0.00No electric bill this month due to timing.
Water$42.48My actual water usage is only about $5, but my town tacks on so many fees that the bill comes to $40+ every month! :(
Groceries$187.72About average grocery bill for the month.
Car Insurance$224.98I pay every 6 months in April and October. Decided to increase my liability coverage, so I will pay an extra $30 ish next month on top of this
Gasoline$40.64A little less than average this month.
Car Expenses$0.00Nothing broken or needing maintenance this month!
Health Insurance$19.30Heavily subsidized, high-deductible plan through my work. Includes health, dental, and vision.
Other$0.00Nothing to see here, move along
Necessary$1,373.92Meh. About average.
Restaurants$26.00Ate dinner with coworker twice this month.
Entertainment$12.98Netflix + bought an ebook on sale last week.
Shopping$351.43First trip to Menards this month for household stuff. And a trip to Walmart as well.
Travel/Parking$468.26This month I visited a friend in Oklahoma for a few days. This includes all expenses I incurred for the trip.
Gifts/Donations$10.00Patreon donation to my favorite YouTube channel
Software/Games$0.00Nothing to see here, move along
Other$161.42More one-time expenses for the personal project.
Discretionary$1,030.09A little higher than average, but not terrible.
Total Expenses$2,404.01Higher than average, but not too bad.
Gross Income$5,416.85A little higher than normal thanks to earnings from quarterly ESPP sale.
401(k) Match$157.12My company matches 3% of gross salary
Taxes$924.92Federal + state income tax + payroll taxes. Have already maxed out pre-tax 401(k) contributions so no deduction left for me. Boo!
Net Income$4,649.05A little higher than average.
Savings$2,245.04What I didn't spend this month. Most of this currently goes to after-tax 401(k).
Savings Rate48.3%Savings / Net Income. Better than last month, but still worse than average for me.
Net Worth$ 98,478.04 Sooo close to $100k! Markets were uncooperative this month. Hopefully will cross $100k next time.

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 7 years 9 months

Going forward, I'm not going to correct for the large spending that my personal project demanded. It will roll off my projections by next year like all my other spending, so until then I have to live with the consequences.

On the other hand, there's a very good chance that I will soon get a raise which will boost my gross income by about 20%! More savings (and taxes) for next year!