Monthly Financial Snapshot: July 2018

Category Jul-18 Comments
Rent $768.75 $750 for rent, paid via Plastiq
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 $19.72 Little below average.
Electricity $24.79 Below average. I switched providers recently because they offered a low intro rate. Will cancel in a month or two when the rate changes again.
Water $35.25 Below average
Groceries $124.21 Below average, due to work travel
Car Insurance $0.00 I pay every 6 months in April and October.
Gasoline $95.55 Above average, due to work travel
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 $1,172.63 Somewhat below average
Restaurants $17.03 A little above average
Entertainment $3.99 Saw a movie
Shopping $142.92 A little below average
Travel/Parking $60.22 Parking for upcoming trip next month
Gifts/Donations $0.00 Nothing this month.
Software/Games $0.00 Nothing this month.
Business $1,490.32 More inventory
Other $0.00 Nothing this month.
Discretionary $1,714.48 About average for the month, mostly due to business inventory.
Total Expenses $2,887.11 About average.
Gross Income $10,031.59 Little above average this month. Ordinary work month plus a little bit of business side income.
401(k) Match $207.74 My company matches 3% of gross salary
Taxes $2,208.80 Paycheck withholding + $1000 quarterly tax payment
Net Income $8,030.53 Little above average for the month.
Savings $5,143.42 Little above average for the month.
Savings Rate 64.05% Little above average for the month.
Net Worth $237,663.63 NW continues to rise. Hope to cross $250k very soon!

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years, 9 months.

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