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Monthly Financial Snapshot: April 2017

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

Pretty good business progress this month. It's chugging along without too much additional effort at this point. Still not quite profitable yet, but it's getting there. At current rate, will break even sometime in September/October and with any luck will score some profits in Q4 to finish out the year.

In other news, hit 2 mini-milestones this month. The first is reaching $100k of savings from work. This represents after-tax money that I have earned from working which I funneled into savings instead of spending on current consumption. Because I want to minimize how much money gets wasted used for taxes, most of this money ends up in tax-advantaged accounts. So it's fitting that my second milestone achieved this month is reaching a balance of $100k in those accounts. Of course, not all of it is contributions, as unfortunately the government and my company limit how much I can contribute into those accounts, but market returns made up for the shortfall.

Anyway, enough talk and on to the numbers:

Rent$750.00$750 for rent + no Plastiq fees this month due to a promo rate
Internet$60.92Internet is kind of expensive out here in the boonies
Cell Phone$0.00Still using up my prepaid credit.
Natural Gas$25.01Slightly above normal, but pretty reasonable
Electricity$27.18About average for the month
Water$40.94About average for the month
Groceries$182.26About average for the month
Car Insurance$259.42I pay every 6 months in April and October.
Gasoline$67.64Higher than usual due to some extra driving.
Car Expenses$142.40Annual registration + oil change
Health Insurance$13.34Heavily subsidized, high-deductible plan through my work. Includes health and dental.
Other$0.00Nothing to see here, move along
Necessary$1,569.11Little higher than average due to medium-term expense payments
Restaurants$45.00Ate out with coworkers a few times
Shopping$279.50Normal shopping + birthday gift for myself + souvenirs for friends
Travel/Parking$334.82Long-term parking, travel SIM, cash for food + transport
Gifts/Donations$10.00Donation to my favorite Youtube channel via Patreon
Software/Games$15.17Renewed a domain name
Business$38.18Inventory to sell + state sales tax remittance
Discretionary$743.44Little lower than average despite last-minute vacation expenses
Total Expenses$2,312.55About average for the month.
Gross Income$7,616.242 paychecks this month, business income, and birthday gifts
401(k) Match$194.72My company matches 3% of gross salary + profit-sharing from last year
Taxes$879.73Federal + state income tax + payroll taxes.
Net Income$6,931.23Slightly above average.
Savings$4,618.68What I didn't spend this month. Currently about half going to my 401k.
Savings Rate66.64%Savings / Net Income. A bit higher than average.
Net Worth$145,889.49Making good progress. Hope to hit $150k very soon.

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 7 years, 5 months