PoP Income Statement – October 2017

I've been told these glasses make me look smarter. Do they make Kitty PoP look smarter too? =)

I’ve been told these glasses make me look smarter. Do they make Kitty PoP look smarter too? =)

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.

Our financial reports are out a bit late this month, since we have been pretty busy with some other matters. Gladly, we have systems in place that help us keep things nice and organized and easy to go back and look at in hindsight, even when life gets a little crazy and daily living (which is far more important!) keeps our focus away from our finances.

Here’s all the numbers…

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $8,138.  

And the details…

Income

  • Wages and Salaries (after taxes, 401K deposits, HSA allocations, etc.): $10,922
  • Rental Income: $1,600
  • Miscellaneous Income (rebates, reimbursements, etc.): $137
  • Total Income: $12,659

Expenditures

  • Groceries: $439
  • Eating Out: $282
  • Total Food: $721
  • Mortgage: $1,123
  • Home Maintenance and Repairs: $246
  • Hurricane Before/After: $0 (this month, will have more when we can get help!)
  • Renovations: $14
  • Bills/Utilities for Primary Residence: $140
  • Total Home: $1,523
  • Gas: $275 – we were running around a lot in October
  • Repairs & Maintenance: $736 – parts to replace the master and slave cylinder and do some brake work on the car!  Lots of fun for Mr PoP!
  • NSX Payment: $727 – while we paid cash for the car, we opted shortly thereafter to take advantage of the stupid low rate our credit union was offering on car loans to take a loan on the car and have more money liquid in the market.  
  • Total Transportation: $1,774
  • General Shopping: $115
  • Pet Supplies / Care: $15 – cat food!
  • Total Shopping: $130
  • Gym / Fitness: $37
  • Medical Treatment/Visit: $56
  • Media Subscriptions: $9
  • Media Non-Subscriptions: $25 – Mr PoP had an order of popcorn and a bottle of beer while watching Blade Runner 2. He says it was a good flick!
  • Total Health/Fitness/Entertainment: $127
  • Total Miscellaneous: $0
  • Total “Personal Expenditures”: $4,275  ($3,534 net Reno and NSX payment)
  • Investment Properties: $246
  • Total Investment Expenses: $246
Earnings Before Principal Paydowns / Savings Allocations (EBPPS)
  • EBPPS = $12,659 – $4,275 – $246 = $8,138

Principal Paydowns / Savings Allocations

  • Transfer to Holding Acct for 2017 Roth IRAs: $1,000
  • Transfer to Taxable Investment Account: $7,000
  • Total Principal Paydowns / Savings Allocations: $8,000
Net Income = EBPPS – (Principal Paydowns + Savings Allocations)
  • $8,138 – $8,000 = $138 = Net Income

How was your income and spending this month?

 

 

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