Income & Expenses For February 2016

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 February 2016. You can see all my monthly budgets here.

	Feb 2016
Income
Wages	$8,497.42
Dividends	$392.90
Other Income	$767.77
Total Income	$9,658.09
Expense
Federal Tax	$309.73
Federal Tax Pmt/(Refund)
FICA-SS	$360.77
FICA-Medicare	$84.37
Rent	$450.00
Student loan repayment	$159.53
Grocery	$55.65
Gasoline
Car Insurance	$123.93
Car Reg/Tax
Cell phone	$12.90
Electric	$36.38
Clothing/laundry	$9.75
Donation
Amazon sale costs	$2.72
Ebay fee
Other Expense	$3.18
Total Expense	$1,608.91
Ex-Tax Total Expense	$854.04
Surplus/(Deficit)	$8,049.18
Before Tax Saving Rate	83.34%
After Tax Saving Rate	90.41%

Income
Dividend income was at a a new 13-month low. Wages remain my primary source of income by far. Here is a chart of my dividend income by month for the past 13 months:

Expense
Car expense went up this month due to payment of  $123.93 for new 6-month policy. Cell phone expense will be around $12.90 a month going forward. All other expenses are typical.

Savings
My after tax saving rate was 90.41% for the month of February, which is a great. I have managed to maintain above 90% saving rate despite new low in dividend income and payment for 6-month car insurance policy. With this month, I have now maintained 12 consecutive months of above 90% saving rate. I expect to meet or exceed my 90% savings goal this 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.