Monthly Financial Snapshot: February 2019

February is the shortest month by calendar days, but it’s also the longest month for me in terms of hours spent working. In a typical month, I might spend approximately 168 hours working, but in February I worked 220 hours. That comes out to nearly an extra week’s worth of work due to mandatory overtime! While I am paid at least straight time for most of the overtime, I still resent it because it’s:

  • Mandatory
  • Takes over my life for 3-4 weeks every year
  • Isn’t healthy
  • Leads to poor productivity and poor decision-making

I don’t have much energy left to write more today, but suffice it to say that I’m happy that this month was pretty great from an income perspective, even though I would trade back some of that overtime for a day off if I could!

Rent$768.75$750 for rent, paid via Plastiq
Internet$55.92Internet is kind of expensive.
Cell Phone$0.00Nothing this month.
Natural Gas$27.82Slightly above average
Electricity$24.97Slightly below average
Water$35.25Slightly above average
Groceries$162.41Slightly above average
Car Insurance$0.00I pay every 6 months in April and October.
Gasoline$63.07Slightly below average
Car Expenses$0.00Nothing this month.
Health$42.62Heavily subsidized, high-deductible health plans through my work. Includes health and dental. Gym membership.
Other$0.00Nothing this month.
Necessary$1,180.81Somewhat below average
Restaurants$46.28Pizza and dinner with a coworker
Entertainment$0.00Nothing this month.
Shopping$0.00Nothing this month.
Travel/Parking$480.60Annual fees on 2 cards, stayed a night at hotel, and visiting family next month!
Gifts/Donations$0.00Nothing this month.
Software/Games$47.40Moved this site to a Wordpress host.
Business-$284.53Negative number = net business income
Other$0.00Nothing this month.
Discretionary$289.75Way below average!
Total Expenses$1,470.56Way below average!
Gross Income$20,123.84Annual bonus and overtime work
401(k) Match$225.06My company matches 3% of gross salary
Taxes-$129.52Got my federal tax refund, which was larger than the total tax paid this month
Net Income$20,478.42Way above average!
Savings$19,007.86Way above average!
Savings Rate92.82%Way above average! February and March tend to be extra-high SR months due to my work patterns.
Net Worth$279,882.21Markets did decently well in February, but this is mostly due to high savings this month.

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

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