Monthly Financial Snapshot: December 2018

Here's my final expense report for 2018. Highlights include a weekend trip to New York to visit family, and holiday gift shopping.

After looking at my year as a whole, I decided to adjust how I account for my business spending. Previously, I had been recording all business expenses under its own category, but lumping in business income with the rest of my income. This had an effect of making my expenses look higher than they actually were, since the business expenses weren't being negated by the income it brought it. I decided to change my methods by offsetting business expenses with income, so that only the net cost shows up as an expense to me. This will allow me more accurate projections as my assumed expenses will more closely align with my personal expenses. I went back and adjusted my expense records for the last two years, which explains why the ETA projections this month are so different than those in the past.

Rent$768.75$750 for rent, paid via Plastiq
Internet$55.92Internet is kind of expensive.
Cell Phone$0.00Nothing this month.
Natural Gas$22.07About average for the month.
Electricity$20.52Below average for the month.
Water$38.46Slightly above average
Groceries$234.77Above average for the month.
Car Insurance$0.00I pay every 6 months in April and October.
Gasoline$85.13Did some extra driving this month, so total expese went up even as prices have dropped.
Car Expenses$0.00Nothing this month.
Health$38.34Heavily subsidized, high-deductible health plans through my work. Includes health and dental. Gym membership.
Other$0.00Nothing this month.
Necessary$1,263.96About average for the month.
Restaurants$2.45Below average for the month.
Entertainment$15.00Ticket for company holiday party
Shopping$23.42Below average for the month.
Travel/Parking$475.23NYC trip earlier in the month, plus picked up some discounted gift cards to use next year.
Gifts/Donations$923.46Holiday gifts
Software/Games$94.65Tax software for 2018, plus some subscription renewals.
Other $3.23Postage
Discretionary$1,885.12Above average, mostly due to shopping and travel.
Total Expenses$3,149.08About average
Gross Income$7,620.34Below average
401(k) Match$207.74My company matches 3% of gross salary
Taxes$1,098.38Paycheck withholding
Net Income$6,729.70Below average
Savings$3,580.62Below average
Savings Rate53.21%Below average, but still ok
Net Worth$231,957.43Sitting at mid-July levels. Market performance in Q4 was a doozy. But still not terrible when all is said and done.

Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years, 2 months.

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