Income & Expenses For November 2020: Saved $4,320.77, 96.75% 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 October 2020. You can see all my monthly budgets since 2014 here and here.

	Nov 2020
Income
Wages	$3,505.58
Dividends	$178.32
Other Income	$950.18
Total Income	$4,634.08
Expense
Federal Income Tax	$168.13
Federal Tax Pmt/(Refund)
FICA-SS
FICA-Medicare
Housing
Student loan repayment	$0.00
Food	$107.24
Electric	$1.30
Water	$29.84
Gas/Heating	$6.80
Clothing/laundry
Total Expense	$313.31
Surplus/(Deficit)	$4,320.77
Before Tax Saving Rate	93.24%
After Tax Income	$4,465.95
Ex-Tax Total Expense	$145.18
After Tax Saving Rate	96.75%
Goal	95.00%

Net Worth Update November 2020: $2,193,520.75 (+$259,337.37, +13.41%)

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 11/1/2020	+ Cash inflow /(outflow)	+ $ P/L	= Ending Balance on 11/30/2020	% P/L	% Equity
ASSETS
Current assets
Cash	(33,099.94)	4,938.09	0.00	(28,161.85)	0.00%	-1.28%
Bonds	22,378.88	(2,528.63)	179.75	20,030.00	0.80%	0.91%
Stocks	1,512,880.98	338.76	204,713.14	1,717,932.88	13.53%	78.32%
Total current assets	1,502,159.92	2,748.22	204,892.89	1,709,801.03	13.64%	77.95%
Tax-deferred retirement account	272,540.51		33,359.99	305,900.50	12.24%	13.95%
Roth IRA	98,275.61		18,707.56	116,983.17	19.04%	5.33%
Home	45,865.00		149.00	46,014.00	0.32%	2.10%
Gold	20,721.48		(1,163.16)	19,558.32	-5.61%	0.89%
Other non-current assets	757.88	40.00	108.65	906.53	14.34%	0.04%
Total assets	1,940,320.40	2,788.22	256,054.93	2,199,163.55	13.20%	100.26%
LIABILITIES & EQUITY
Liabilities
Current liabilities	608.31	(494.22)	0.00	114.09		0.01%
Long-term liabilities
Student loan	5,528.71	0.00	0.00	5,528.71		0.25%
Other non-current liabilities	0.00	0.00	0.00	0.00		0.00%
Total liabilities	6,137.02	(494.22)	0.00	5,642.80		0.26%
Equity (net worth)	1,934,183.38	3,282.44	256,054.93	2,193,520.75	13.24%	100.00%

Net worth: Bottom line up front, my net worth increased by $259,337.37, +13.41% this month due to marked-to-market investment gains (+$256,054.93, +13.24%) and net cash inflow (+$3,282.44, +0.17%). 

Here is the breakdown of my balance sheet:

Portfolio Update November 2020: Bought 6 Stocks for $517.08, Sold None

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 11/30/20:

Options Update: November 2020

  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.

Income & Expenses For October 2020: Saved $996.49, 61.86% 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 October 2020. I retired in July 2020, after ten years of full-time work. You can see all my monthly budgets since 2014 here and here.

	Oct 2020
Income
Wages	$0.00
Dividends	$466.62
Other Income	$1,144.17
Total Income	$1,610.79
Expense
Federal Income Tax	$0.00
Federal Tax Pmt/(Refund)
FICA-SS
FICA-Medicare
Housing	$496.96
Student loan repayment	$0.00
Food	$38.52
Gasoline	$13.11
Car Reg/Tax/Maint	$22.00
Electric	$3.83
Water	$35.03
Gas/Heating	$4.85
Total Expense	$614.30
Surplus/(Deficit)	$996.49
Before Tax Saving Rate	61.86%
After Tax Income	$1,610.79
Ex-Tax Total Expense	$614.30
After Tax Saving Rate	61.86%
Goal	95.00%

Net Worth Update October 2020: $1,934,183.38 (-$24,270.18, -1.24%)

 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 10/1/2020	+ Cash inflow /(outflow)	+ $ P/L	= Ending Balance on 10/31/2020	% P/L	% Equity
ASSETS
Current assets
Cash	(9,322.40)	(23,777.54)	0.00	(33,099.94)	0.00%	-1.71%
Bonds	26,876.56	(5,023.38)	525.70	22,378.88	1.96%	1.16%
Stocks	1,504,566.54	29,205.55	(20,891.11)	1,512,880.98	-1.39%	78.22%
Total current assets	1,522,120.70	404.63	(20,365.41)	1,502,159.92	-1.34%	77.66%
Tax-deferred retirement account	285,367.14		(12,826.63)	272,540.51	-4.49%	14.09%
Roth IRA	89,589.72		8,685.89	98,275.61	9.70%	5.08%
Home	46,000.00		(135.00)	45,865.00	-0.29%	2.37%
Gold	20,409.15		312.33	20,721.48	1.53%	1.07%
Other non-current assets	727.82	40.00	(9.94)	757.88	-1.37%	0.04%
Total assets	1,964,214.53	444.63	(24,338.76)	1,940,320.40	-1.24%	100.32%
LIABILITIES & EQUITY
Liabilities
Current liabilities	232.26	376.05	0.00	608.31		0.03%
Long-term liabilities
Student loan	5,528.71	0.00	0.00	5,528.71		0.29%
Other non-current liabilities	0.00	0.00	0.00	0.00		0.00%
Total liabilities	5,760.97	376.05	0.00	6,137.02		0.32%
Equity (net worth)	1,958,453.56	68.58	(24,338.76)	1,934,183.38	-1.24%	100.00%

Net worth: Bottom line up front, my net worth decreased by $24,270.18, -1.24% this month due to marked-to-market investment losses (-$24,338.76, -1.24%) partially offset by net cash inflow ($68.58, 0.00%). 

Here is the breakdown of my balance sheet: