Income & Expenses For June 2015

Since 2014, I have been tracking my monthly income and expenses. You can see a breakdown of every penny I earn and spend. For perspective, this budget is for a household of two in a small US city. By documenting my journey, I aim to demonstrate the feasibility of saving a significant portion of your income and provide some ideas and inspirations for your own budget.

Below is my income and expenses for June 2015. You can see all my monthly budgets here. 

	Jun 2015
Income
Wages	$8,422.47
Dividends	$1,183.04
Other Income	$751.04
Total Income	$10,356.55
Expense
Federal Tax	$305.56
FICA-SS	$356.13
FICA-Medicare	$83.29
Rent	$450.00
Student loan repayment	$157.49
Grocery	$61.05
Gasoline	$58.69
Cell phone	$17.86
Electric	$43.43
Clothing/laundry	$36.06
Total Expense	$1,569.56
Ex-Tax Total Expense	$824.58
Surplus/(Deficit)	$8,786.99
Before Tax Saving Rate	84.84%
After Tax Saving Rate	91.42%

Income

Wages comprises of the bulk of my total income at 81%. Dividend income this month was $1183.04, a quarterly high. Next month will most likely be lower. Here is a chart of my dividend income by month for the last 13 months:

Expense
Expenses were typical for me this month, except for slightly higher gas expense due to a long trip, as well as higher clothing/laundry costs due to purchase of detergents in bulk due to sale.

Savings
My after tax saving rate was 91.42% for the month of June, which exceeded my target of 90%. This marks 4 months in row with above 90% savings rate. Going forward, I expect to meet or exceed my 90% savings goal for the year.

How's your budget? Did you save as much as you wanted to? On track to meet your savings goals for the year? 

Thanks for reading.