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Monthly Financial Snapshot: March 2017

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

Lot of progress this month due to fortuitous timing of paychecks (3 this month), the last of my overtime pay, business income, and a modest tax refund. The remainder of the year will likely look much more ordinary on the income side, so I will have to step up my business income and hope for the best in the markets if I want to keep up the pace from the last couple of months.

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$32.88Average for this month.
Natural Gas$35.07Higher than normal, likely due to the unusual amount of baking I did in February-March.
Electricity$27.00About average for the month
Water$57.22Higher than normal, likely due to the unusual amount of baking I did in February-March.
Groceries$189.65About average groceries for this month.
Car Insurance$0.00I pay every 6 months in April and October.
Gasoline$42.29About average for the month
Car Expenses$10.00Changed back to all-season tires now that winter is over.
Health Insurance$13.34Heavily subsidized, high-deductible plan through my work. Includes health and dental.
Other$0.00Nothing to see here, move along
Necessary$1,237.12About average for the month
Restaurants$0.00Nothing to see here, move along
Shopping$13.40Not much personal shopping this month.
Travel/Parking$0.00Nothing to see here, move along
Gifts/Donations$29.47Donation to my favorite Youtube channel via Patreon + birthday gift for my mom
Software/Games$0.00Nothing to see here, move along
Business$138.17Inventory to sell
Other$0.00Nothing to see here, move along
Discretionary$191.03Much lower than average.
Total Expenses$1,428.15Below average for this month. Going back to a lean budget now that the business is up and running.
Gross Income$13,289.053 large paychecks this month, business income, and $50 thermostat rebate from my gas company
401(k) Match$2,357.73My company matches 3% of gross salary + profit-sharing from last year
Taxes$1,590.77Federal + state income tax + payroll taxes. Tax refund of $700.
Net Income$14,056.01Way above average. Sad that this only happens twice a year. Oh well.
Savings$12,627.86What I didn't spend this month. Maxed out my IRA contribution for the year.
Savings Rate89.84%Savings / Net Income. Nearly tied my all-time high this month!
Net Worth$138,245.10Large income for the month = large NW gains.

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