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Monthly Financial Snapshot: February 2017

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

Obviously, a significant amount of progress this month, mostly due to my company's annual bonus getting paid out. Thanks to it, I was able to max out my Roth IRA for the year, as well as pay off the larger than average credit card bills from starting my business last month, all without having to touch my emergency fund. Those expenses also allowed me to earn my final batch of rewards from credit card sign-ups, some of which I will put to good use on my upcoming trip.

Business income is starting to trickle in. I received my first payment of $259 this month from items that I have sold, with more soon on the way. I haven't yet made enough to cover my startup costs, but I project that I will become profitable fairly soon. Looking forward to growing the business over the next few months, especially once I get back to a regular work schedule.

Rent$768.75$750 for rent + $18.75 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$0.00Zero this month because I paid $100 upfront in January.
Natural Gas$23.50Only slightly higher than normal.
Electricity$26.98About average for the month
Water$42.81My actual water usage is only about $5, but my town tacks on so many fees that the bill comes to $40+ every month! :(
Groceries$150.03About average groceries for this month.
Car Insurance$0.00I pay every 6 months in April and October.
Gasoline$42.88About average for the month
Car Expenses$0.00Nothing to see here, move along
Health Insurance$13.34Heavily subsidized, high-deductible plan through my work. Includes health and dental.
Other$0.00Nothing to see here, move along
Necessary$1,129.21About average for the month
Restaurants$13.00Ate out with a coworker once this month.
Shopping$52.05Not much personal shopping this month.
Travel/Parking$47.66Good deal on gift card + flight taxes for flights to Hakodate
Gifts/Donations$10.00Donation to my favorite Youtube channel via Patreon
Software/Games$0.00Nothing to see here, move along
Business$1,215.87Additional investment in inventory, office supplies, and services.
Other$225.61More expenses related to my ongoing personal project.
Discretionary$1,574.18About average for the month
Total Expenses$2,703.39Above average, but not too much so
Gross Income$20,016.37Regular salary, annual bonus, and business income
401(k) Match$189.22My company matches 3% of gross salary
Taxes$5,791.51Federal + state income tax + payroll taxes.
Net Income$14,414.08Way above average. Sad that this only happens once a year. Oh well.
Savings$11,710.69What I didn't spend this month. Most of this currently goes to my 401(k).
Savings Rate81.24%Savings / Net Income. Super high this month!
Net Worth$125,731.46Market gains plus large income for the month equals big jump!

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 7 years 10 months