Welcome to our October 2016 Income Statement!
Mr. PoP and I put these income statements together for two reasons. First, we want to be transparent about our finances because we’re trying to be role models for other people who are trying to plant their own pennies (and end up with dollars someday!). Second, we do this to make sure we’re on track to meet our own long-term goals. If you’re not tracking your income statement and balance sheet, we highly recommend you start using a program like Mint to keep track of it all.
All in all, October was actually a pretty good month when it comes to PoP spending. Apparently being immobile most of the month is not a bad way to cut down on spending! Joking. Well, mostly.
My favorite spending this month was a donation I made to Floridians for Solar Choice (as well as buying the “No on 1” yard sign in the picture right there). This group has been leading the charge against this False Solar amendment, and though I try to stay outwardly apolitical, the dirty tricks surrounding getting this amendment on the ballot compelled me to do something to support their efforts because I kept encountering intelligent adults who were reading the ballot text of the amendment and getting confused as to whether or not it was actually “pro-solar”.
The Bottom Line
- Earnings before principal paydowns and savings allocations of $9,067.
And the details…
- Wages and Salaries (after taxes, 401K deposits, HSA allocations, etc.): $10,349 – we maxed out our 401Ks, so more flows through here instead through the end of the year
- Rental Income: $1,600
- Miscellaneous Income (rebates, reimbursements, etc.): $830
- Total Income: $12,779
- Groceries: $363
- Eating Out: $214
- Total Food: $577
- Mortgage: $1,150
- Home Maintenance and Repairs: $94
- Kitchen Renovations: $130 – mostly baseboard that Mr PoP has been doing a great job putting in while I supervise from the couch. =)
- Bills/Utilities for Primary Residence: $151
- Total Home: $1,525
- Gas: $198 – I drove to work all month, so gas is higher than if I could bike to work again
- Car Registration: $60 – which apparently every 10 years covers a brand new license plate. Another “10 years in Florida” milestone, I guess!
- Total Transportation: $259
- General Shopping: $295
- Pet Supplies / Care: $0
- Total Shopping: $295
- Gym / Fitness: $53
- Medical Treatment/Visit: $60
- Media Subscriptions: $8
- Media Non-Sub: $29
- Total Health/Fitness/Entertainment: $150
- Travel: $306 – which is mostly Mr PoP’s flight for a trip he’ll take Thanksgiving weekend
- Gifts/Donations: $512 – for Floridians for Solar Choice, as well as a few other organizations Mr PoP chose
- Total Miscellaneous: $818
- Total “Personal Expenditures”: $3,624
- Investment Properties: $88
- Total Investment Expenses: $88
- EBPPS = $12,779 – $3,624 – $88 = $9,067
Principal Paydowns / Savings Allocations
- Transfer to Holding Account for Sunny Restoration or NSX purchase?: $1,500
- Transfer to Holding Account for 2016 Roth IRAs: $1,000
- Transfer to Taxable Investment Account: $6,500
- Total Principal Paydowns / Savings Allocations: $9,000
- $9,067 – $9,000 = $67 = Net Income
How was your income and spending this month?