Tuesday, May 4, 2021

Income & Expenses For April 2021: Saved $3,773.99, 95.38% of After-Tax Income

Since 2014, I have been tracking my monthly income and expenses. You can see a breakdown of every penny I earn and spend. 

By documenting my journey, I aim to demonstrate the feasibility of saving a significant portion of your income and provide some ideas and inspiration for your own budget.

Below are my income and expenses for April 2021. You can see all my monthly budgets since 2014 here and here.

2021-Apr
Income
Wages$3,111.21
Dividends$681.28
Other Income$449.42
Total Income$4,241.91
Expense
Federal Income Tax$129.54
Federal Tax Pmt/(Refund)
FICA-SS$155.68
FICA-Medicare
Housing$5.81
Student loan repayment$0.00
Food$134.49
Electric$4.09
Water$29.83
Gas/Heating$8.48
Total Expense$467.92
Surplus/(Deficit)$3,773.99
Before Tax Saving Rate88.97%
After Tax Income$3,956.69
Ex-Tax Total Expense$182.70
After Tax Saving Rate95.38%
Goal95.00%

Monday, May 3, 2021

Net Worth Update April 2021: $2,649,669.06 (+$91,761.93, +3.59%)

Welcome to my monthly net worth update! Here is how my assets, liabilities, and net worth have changed over the past month:

Beginning balance
on 4/1/2021
+ Cash inflow
/(outflow)
+ $ P/L= Ending Balance
on 4/30/2021
% P/L% Equity
ASSETS
Current assets
Cash(16,278.67)(24,213.77)0.00(40,492.44)0.00%-1.53%
Bonds15,267.32(2,521.07)310.3613,056.612.03%0.49%
Stocks2,014,773.0132,238.3468,919.472,115,930.823.42%79.86%
Total current assets2,013,761.665,503.5069,229.832,088,494.993.44%78.82%
Tax-deferred retirement account335,036.4116,786.43351,822.845.01%13.28%
Roth IRA146,901.872,992.43149,894.302.04%5.66%
Home46,868.00(2,018.00)44,850.00-4.31%1.69%
Gold20,075.28(1,012.38)19,062.90-5.04%0.72%
Other non-current assets1,090.7648.771,139.534.47%0.04%
Total assets2,563,733.985,503.5086,027.082,655,264.563.36%100.21%
LIABILITIES & EQUITY
Liabilities
Current liabilities298.14(231.35)0.0066.790.00%
Long-term liabilities
Student loan5,528.710.000.005,528.710.21%
Other non-current liabilities0.000.000.000.000.00%
Total liabilities5,826.85(231.35)0.005,595.500.21%
Equity (net worth)2,557,907.135,734.8586,027.082,649,669.063.36%100.00%

Net worth: Bottom line up front, my net worth increased by $91,761.93,  up 3.59% this month due to marked-to-market investment gains (+$86,027.08, +3.36%) and net cash inflow (+$5,734.85, +0.22%). 

Here is the breakdown of my balance sheet:

Portfolio Update April 2021: Bought 15 Stocks (1 New Buy!) for $106,352.01, Sold 10 for $73,518.92, Net Inflow $32,833.09

The time has come for my monthly portfolio update. At the end of every month, I will update my portfolio and comment on any changes. I do that for accountability and also so you may glean some ideas on how I allocate my capital. You have the opportunity to learn from what I do well so you can do the same, as well as what I do poorly, so you will not have to repeat my mistakes.

Follow my real-time portfolio here. Below is a snapshot of my portfolio as of 4/30/21:

Options Update: April 2021

 Welcome to my monthly options update!

Here, I shall write monthly options update articles to keep track of options trades in my portfolio. Each options update serves as a status report on the open options and the obligations I have. A running tally of all my options trades and income to date are found on the Options page.

This was a quiet month for me, as I did trade any options.

Assigned Options

No option got assigned this month. 

Monday, April 5, 2021

Income & Expenses For March 2021: Saved $11,321.15, 99.19% of After-Tax Income

Since 2014, I have been tracking my monthly income and expenses. You can see a breakdown of every penny I earn and spend. 

By documenting my journey, I aim to demonstrate the feasibility of saving a significant portion of your income and provide some ideas and inspiration for your own budget.

Below are my income and expenses for March 2021. You can see all my monthly budgets since 2014 here and here.

2021-Mar
Income
Wages$3,116.19
Dividends$1,612.35
Other Income$607.99
Total Income$5,336.53
Expense
Federal Income Tax
Federal Tax Pmt/(Refund)-$6,209.00
FICA-SS$131.38
FICA-Medicare
Housing
Student loan repayment$0.00
Food$49.76
Gasoline
Car Insurance
Car Reg/Tax/Maint
Cell phone
Electric$3.05
Water$24.65
Gas/Heating$12.65
Clothing/laundry
Donation
Amazon sale costs$2.89
Ebay fee
Other Expense
Total Expense-$5,984.63
Surplus/(Deficit)$11,321.15
Before Tax Saving Rate212.14%
After Tax Income$11,414.15
Ex-Tax Total Expense$93.00
After Tax Saving Rate99.19%
Income

Thursday, April 1, 2021

Net Worth Update March 2021: $2,557,907.04 (+$100,229.96, +4.08%)

Welcome to my monthly net worth update! Here is how my assets, liabilities, and net worth have changed over the past month:

Beginning balance
on 3/1/2021
+ Cash inflow
/(outflow)
+ $ P/L= Ending Balance
on 3/31/2021
% P/L% Equity
ASSETS
Current assets
Cash(14,648.27)(1,630.49)0.00(16,278.76)0.00%-0.64%
Bonds15,392.73(99.32)(26.09)15,267.32-0.17%0.60%
Stocks1,926,856.4616,911.4771,005.082,014,773.013.69%78.77%
Total current assets1,927,600.9215,181.6670,978.992,013,761.573.68%78.73%
Tax-deferred retirement account320,736.271,533.1812,766.96335,036.413.98%13.10%
Roth IRA147,857.60(6,000.00)5,044.27146,901.873.41%5.74%
Home47,388.00(520.00)46,868.00-1.10%1.83%
Gold18,685.951,389.3320,075.287.44%0.78%
Other non-current assets1,060.3630.401,090.762.87%0.04%
Total assets2,463,329.1010,714.8489,689.952,563,733.893.64%100.23%
LIABILITIES & EQUITY
Liabilities
Current liabilities123.31174.830.00298.140.01%
Long-term liabilities
Student loan5,528.710.000.005,528.710.22%
Other non-current liabilities0.000.000.000.000.00%
Total liabilities5,652.02174.830.005,826.850.23%
Equity (net worth)2,457,677.0810,540.0189,689.952,557,907.043.65%100.00%

Net worth: Bottom line up front, my net worth increased by $100,229.96,  up 4.08% this month due to marked-to-market investment gains (+$89,689.95, +3.65%) and net cash inflow (+$10,540.01, +0.43%). 

Here is the breakdown of my balance sheet: