Monthly Financial Snapshot: February 2018

Well, it’s that time of year again, when work takes over almost all my waking hours for about a month and I have almost no energy left for anything else. Highlights for this month included getting a stand mixer for my kitchen (more baked goodies = less depressing work environment), completing my tax return (first year filing with self-employment income) and receiving a fat refund (thanks to January’s strategic tax move), and losing enough money in the market to offset almost all of my savings for the month. So it goes.

Category Feb-18 Comments
Rent $768.75 $750 for rent + $18.75 Plastiq fees
Internet $55.92 Internet is kind of expensive.
Cell Phone $0.00 Already paid for 1 year of service through MintSIM. = $15.51 / month!
Natural Gas $18.89 A little below average. Kind of strange given how much extra baking I’ve been doing lately.
Electricity $22.23 A little below average for the month.
Water $30.87 Below average.
Groceries $201.70 Above average. Bought a lot more meat last month than I usually do, and the bill reflects that.
Car Insurance $0.00 I pay every 6 months in April and October. Payment went up slightly compared to last time.
Gasoline $63.01 About average for the month.
Car Expenses $0.00 Nothing this month.
Health $48.44 Heavily subsidized, high-deductible health plans through my work. Includes health and dental. Also monthly gym membership.
Other $0.00 Nothing this month.
Necessary $1,209.81 About average for the month.
Restaurants $25.55 Ordered some pizza once.
Entertainment $5.99 Went to see Black Panther last weekend.
Shopping $271.84 Got a kitchenaid stand mixer!
Travel/Parking $124.00 Annual fees for my hotel credit cards.
Gifts/Donations $10.00 Donation to my favorite Youtube channel.
Software/Games $126.98 Turbotax fee. Filing as small business = high price. Might self-prepare next year now that I’m more familiar with the process.
Business $531.56 Inventory + annual subscription for my accounting software.
Other $0.00 Nothing this month.
Discretionary $1,095.92 Above average for the month, mostly due to business expenses.
Total Expenses $2,305.73 Above average for the month, but not too terrible.
Gross Income $6,926.95 2 paychecks + business income
401(k) Match $203.08 My company matches 3% of gross salary
Taxes -$5,260.28 As promised, my oversized tax refund arrived, offsetting the weird numbers from last month.
Net Income $12,390.31 Way above average, due to the massive tax refund.
Savings $10,084.58 About 2.5x higher than normal, thanks to the tax refund.
Savings Rate 81.39%
Surprisingly, not that far above average. February and March typically are my best savings months, but I was expecting higher from the tax thing.
Net Worth $203,461.32
February wasn’t a good month for the markets so despite my high savings rate, I am pretty much exactly where I was last month. Can’t win ’em all.

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 4 years, 11 months.

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