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Monthly Financial Snapshot: August 2016

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.

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$37.87Actually 2 months' worth of gas, due to billing timing
Electricity$30.87A little higher than average this month due to fan use
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$168.66About 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$0.00I pay every 6 months in April and October.
Gasoline$79.53More than average, due to extra travelling for work.
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$31.47$31 for fluoride varnish not covered by dental insurance, 47 cents for a stamp to mail a jury duty form.
Necessary$1,268.98Slightly below average. Not too bad!
Restaurants$36.50Eating out twice with coworkers
Shopping$0.00No unnecessary shopping for this month
Travel/Parking$11.209/11 security fee on the ticket to visit family in December. I paid for the airfare using miles!
Gifts/Donations$10.00Patreon donation to my favorite YouTube channel
Software/Games$0.00Nothing to see here, move along
Other$0.00Nothing to see here, move along
Discretionary$66.69Very low this month!
Total Expenses$1,335.67Low this month!
Gross Income$5,246.54Standard paychecks this month
401(k) Match$157.12My company matches 3% of gross salary
Taxes$972.52Federal + state income tax + payroll taxes. Have already maxed out pre-tax 401(k) contributions so no deduction left for me. Boo!
Net Income$4,431.14Bit below average due to higher taxation (see above)
Savings$3,095.47What I didn't spend this month. Most of this currently goes to after-tax 401(k).
Savings Rate69.9%Savings / Net Income. Not bad for this month!
Net Worth$ 93,133.74 Getting close to $100k!

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years 3 months