Expense/Income Tracking

June’s investment income only rose three cents to $27.69 from $27.66 the month before.  This is somewhat depressing since I contributed $500 to my IRA in June but market losses erased almost all of it. I’m hoping for better results this month.

This is not my actual investment income. To get this figure I first add up my retirement accounts, emergency fund, and any other money I consider permanent savings.  What the total of my savings would earn at 6% interest for a month is my monthly investment income.

Here is a breakdown of my expenses for June.

Expenses were up in June mainly due to my quarterly health insurance bill and my annual car inspection, registration, licensing, and personal property tax all being due in the same month.  Otherwise my expenses would have been around my $1000 goal. This month most expenses should be down or about the same. I might take a road trip to visit my brother. If I do that then my expenses won’t be down much.

My investment income for May came to $27.66.  This is a very small increase from $27.50 for April.  I didn’t contribute any money to my Roth IRA.  I forgot to include my 401k last month or my income wouldn’t have gone up at all.  My 401k is tiny right now.  I contribute 6% of my pay but I only work two shifts a week and have a low wage so that doesn’t add up to much.

This is not my actual investment income. To get this figure I first add up my retirement accounts, emergency fund, and any other money I consider permanent savings.  What the total of my savings would earn at 6% interest for a month is my monthly investment income.

Here is a breakdown of my income for May.

I’m quite pleased with the total. I only worked part time but my online income and other alternative income helped give me a good income for the month. I’ll add more analysis later.