PoP Income Statement – September 2013

sea grape jelly

One of the few things I cooked this month – sea grape jelly made from gleaned sea grapes!

Welcome to our September 2013 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.

September felt pretty expensive when we were in the thick of it, but our total expenses didn’t end up turning out quite as high as we thought they might. Even despite:

  • 6 months in typical medical spending smashed into one month
  • groceries ran high – who wants to cook when sick?
  • an extra $400 in spending for Mr PoP’s work wardrobe
  • and almost $400 in unexpected duplex expenses

Not super fun, but balanced somewhat with lower spending in other categories. So the end result wasn’t so bad.

 

The Bottom Line

  • Earnings before principal paydowns and savings allocations of $3,520

And here are the details…

Income

  • Wages and Salaries (after taxes, 401K deposits, HSA allocations, etc.): $6,298
  • Rental Income: $1,500
  • Miscellaneous Income (rebates, reimbursements, etc.): $0
  • Total Income: $7,798

Expenditures

  • Groceries: $469
  • Eating Out: $241
  • Total Food: $710
  • Mortgage: $1,167
  • Home Maintenance and Repairs: $227
  • Total Home: $1,394
  • Gas: $255
  • Auto Repairs / Maintenance: $21
  • Total Transportation: $276
  • Bills/Utilities for Primary Residence: $412
  • Bills/Utilities for Investment Properties: $373
  • Total Bills / Utilities: $785
  • General Shopping: $702
  • Pet Supplies / Care: $0
  • Total Shopping: $702
  • Gym / Fitness: $73
  • Medical Treatment/Visit: $330 – being sick sucks!
  • Media Subscriptions: $8
  • Media Non-Subscription: $0
  • Total Health/Fitness/Entertainment: $411
  • Travel: $0
  • Total Miscellaneous: $0
  • Total “Everyday Expenditures”: $4,278
Earnings Before Principal Paydowns / Savings Allocations (EBPPS)
  • EBPPS = $7,798 – $4,278 = $3,520

Principal Paydowns / Savings Allocations

  • Allocation for Roth IRAs: $3,500
  • Total Principal Paydowns / Savings Allocations: $3,500

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

  • $3,520 – $3,500 = $20 = Net Income

 

We’re still rebuilding our 2013 IRA funding account after raiding it for a good cause a couple months ago.

 

How was your income and spending this month?

54 comments to PoP Income Statement – September 2013

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