Monthly Financial Snapshot: September 2016

Sep-16 Comments
Rent $765.00 $750 for rent + $15 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 $30 + taxes/fees for 5 GB of 4G data through T-Mobile
Natural Gas $18.38 About average gas use for the month.
Electricity $62.54 Two months’ worth due to billing timing.
Water $40.51 My actual water usage is only about $5, but my town tacks on so many fees that the bill comes to $40+ every month! 🙁
Groceries $119.64 My second-lowest grocery bill this year! I cook nearly all of my meals myself and do 95% of my grocery shopping at Aldi for massive savings.
Car Insurance $0.00 I pay every 6 months in April and October.
Gasoline $58.90 More than average, due to a couple trips to the city/airport.
Car Expenses $0.00 Nothing broken or needing maintenance this month!
Health Insurance $19.30 Heavily subsidized, high-deductible plan through my work. Includes health, dental, and vision.
Other $0.00 Nothing to see here, move along
Necessary $1,178.07 Below average!
Restaurants $125.84 Highest monthly restaurant spending so far this year. Eating out once with coworkers + lunch/dinner while visiting a friend
Entertainment $8.99 Netflix! Sadly, their price will be increasing to $9.99 starting next month
Shopping $0.00 No unnecessary shopping for this month
Travel/Parking $138.06 I spent a long weekend in Boston visiting friends. Includes all spending I did while I was there and anything else related to the trip like airport parking.
Gifts/Donations $10.00 Patreon donation to my favorite YouTube channel
Software/Games $13.17 Bought the domain name for this very site!
Other $2,996.34 The elephant in the budget. This is a one-time ~$3k expense for a large personal project that hopefully will pay off greatly in the future.
Discretionary $3,292.40 Almost triple my necessary spending!
Total Expenses $4,470.47 Very high this month! My 2nd-highest monthly spending since I started keeping track in May 2015.
Gross Income $7,884.81 Three paychecks this month! Helps to offset the abnormally high expenses this month.
401(k) Match $235.68 My company matches 3% of gross salary
Taxes $1,387.39 Federal + state income tax + payroll taxes. Have already maxed out pre-tax 401(k) contributions so no deduction left for me. Boo!
Net Income $6,733.10 Higher than average due to third paycheck this month.
Savings $2,262.63 What I didn’t spend this month. Most of this currently goes to after-tax 401(k).
Savings Rate 33.6% Savings / Net Income. Not great for this month, but will definitely do better next time!
Net Worth $96,619.57 Unfortunately didn’t cross the $100k threshold just yet, although I do now (just barely!) have $100k of assets. Will definitely get there next month!
Projected time to FI (assuming 6% growth and 4% withdrawal rate): 7 years 2 months
 
…but this is kind of misleading as it assumes I spend an extra $3k every year when this is really a one-time expense for a personal project. So, for projection purposes, I’m going to cheat a bit and pretend like I didn’t spend that extra $3k this month…
For-realsies projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years 1 month

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