PoP Income Statement – June 2012

Here’s the PoP Family Income Statement for June 2012.

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Tree in our local park – I think it’s a banyan?

 

Income

  • Wages and Salaries (after taxes, 401K deposits, HSA allocations, etc.): $7,140
  • Rental Income: $1,500
  • Miscellaneous Income (rebates, med reimbursements, etc.): $50
  • Total Income: $8,690

Expenditures

  • Groceries: $473
  • Eating Out: $351
  • Total Food: $824
  • Mortgage: $1,190
  • Home Maintenance and Repairs: $430
  • Total Home: $1,620
  • Gas: $546
  • Auto Repairs / Maintenance: $400
  • Total Transportation: $946
  • Bills/Utilities for Primary Residence: $470
  • Bills/Utilities for Investment Properties: $42
  • Total Bills / Utilities: $512
  • Interest Payments on Non-Mortgage Debt: $190
  • Car Loan Payments: $265
  • Total Interest / Car Loan Payments: $455
  • General Shopping: $261
  • Pet Supplies / Care: $9
  • Total Shopping: $270
  • Gym / Fitness: $73
  • Media Subscriptions: $34
  • Media – Non Subscription: $12
  • Total Fitness/Entertainment: $119
  • Hotels/Motels: $293
  • Total Non-Gas Travel: $293
  • Total “Everyday Expenditures”: $5,039

Earnings Before Principal Paydowns / Savings Allocations (EBPPS)

  • EBPPS = $8,690 – $5,039 = $3,651

Principal Paydowns / Savings Allocations

  • Principal on HELOC: $2,500
  • Transfer to IRA Holding Account: $1,000
  • Total Principal Paydowns / Savings Allocations: $3,500

Net Income = EBPPS – (Principal Paydowns + Savings Allocations)

  • $3,651 – $3,500 = $151 = Net Income

So our cash accounts grew by $1,151 (the $1,000 in growth of the holding account for the Roth IRA, plus the $151 in net income) in the month of June 2012, and we paid $2,500 in non-mortgage debt off.

 

 

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