Monthly Financial Snapshot: March 2017

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.

Mar-17 Comments
Rent $768.75 $750 for rent + $18.75 in fees for Plastiq in order to pay via credit card
Internet $60.92 Internet is kind of expensive out here in the boonies
Cell Phone $32.88 Average for this month.
Natural Gas $35.07 Higher than normal, likely due to the unusual amount of baking I did in February-March.
Electricity $27.00 About average for the month
Water $57.22 Higher than normal, likely due to the unusual amount of baking I did in February-March.
Groceries $189.65 About average groceries for this month.
Car Insurance $0.00 I pay every 6 months in April and October.
Gasoline $42.29 About average for the month
Car Expenses $10.00 Changed back to all-season tires now that winter is over.
Health Insurance $13.34 Heavily subsidized, high-deductible plan through my work. Includes health and dental.
Other $0.00 Nothing to see here, move along
Necessary $1,237.12 About average for the month
Restaurants $0.00 Nothing to see here, move along
Entertainment $9.99 Netflix
Shopping $13.40 Not much personal shopping this month.
Travel/Parking $0.00 Nothing to see here, move along
Gifts/Donations $29.47 Donation to my favorite Youtube channel via Patreon + birthday gift for my mom
Software/Games $0.00 Nothing to see here, move along
Business $138.17 Inventory to sell
Other $0.00 Nothing to see here, move along
Discretionary $191.03 Much lower than average.
Total Expenses $1,428.15 Below average for this month. Going back to a lean budget now that the business is up and running.
Gross Income $13,289.05 3 large paychecks this month, business income, and $50 thermostat rebate from my gas company
401(k) Match $2,357.73 My company matches 3% of gross salary + profit-sharing from last year
Taxes $1,590.77 Federal + state income tax + payroll taxes. Tax refund of $700.
Net Income $14,056.01 Way above average. Sad that this only happens twice a year. Oh well.
Savings $12,627.86 What I didn’t spend this month. Maxed out my IRA contribution for the year.
Savings Rate 89.84% Savings / Net Income. Nearly tied my all-time high this month!
Net Worth $138,245.10 Large income for the month = large NW gains.
Projected time to FI (assuming 6% growth and 4% withdrawal rate): 7 years 7 months

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