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Monthly Financial Snapshot: May 2017

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

Crossed the $150k milestone this month. Was travelling for the first half of the month, so some of my ordinary expenses dropped while some my discretionaries went up. All in all, a pretty average month as far as spending goes.

Rent$765.00$750 for rent + $15 Plastiq fees
Internet$60.92Internet is kind of expensive out here in the boonies
Cell Phone$0.00Still using up my prepaid credit.
Natural Gas$28.22Slightly above normal, but pretty reasonable
Electricity$50.41Two month's bills due to timing
Water$40.94Little less than average since I was travelling
Groceries$70.87About half of normal since I was travelling
Car Insurance$0.00I pay every 6 months in April and October.
Gasoline$42.08Little less than average since I was travelling
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$31.00Dental bill for fluoride
Necessary$1,102.78Little higher than average due to medium-term expense payments
Restaurants$111.87Ate out with coworkers and visited a friend over the weekend
Entertainment$23.99Netflix + movie ticket
Shopping$124.80Normal shopping + replaced my lost fitbit
Travel/Parking$648.62Remainder of my travel expenses on my trip
Gifts/Donations$31.00Donation to my favorite Youtube channel + Mother's Day gift
Software/Games$0.00Nothing to see here, move along
Business$18.53Inventory to sell
Other$15.00Expense for my personal project
Discretionary$973.81Little lower than average despite vacation expenses
Total Expenses$2,076.59Little less than average for the month
Gross Income$6,927.232 paychecks this month and business income
401(k) Match$194.72My company matches 3% of gross salary + profit-sharing from last year
Taxes$936.60Federal + state income tax + payroll taxes.
Net Income$6,185.35Below average, but only because the average has been skewed high due
Savings$4,108.76What I didn't spend this month. Currently about half going to my 401k.
Savings Rate66.43%Savings / Net Income. About average this month.
Net Worth$151,858.67Made it past $150k this month. Onwards to $200k by the end of the year!

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 7 years, 3 months