Saturday, July 4, 2020

Income & Expenses For June 2020: Saved $7,664.33, 98.07% 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. 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 inspiration for your own budget.

Below are my income and expenses for June 2020. You can see all my monthly budgets here.
Jun 2020
Income
Wages$7,649.73
Dividends$1,674.64
Other Income$602.43
Total Income$9,926.80
Expense
Federal Income Tax$1,492.97
Federal Tax Pmt/(Refund)
FICA-SS$501.57
FICA-Medicare$117.30
Housing
Student loan repayment$0.00
Food$114.72
Electric$1.96
Water$29.84
Gas/Heating$4.11
Total Expense$2,262.47
Surplus/(Deficit)$7,664.33
Before Tax Saving Rate77.21%
After Tax Income$7,814.96
Ex-Tax Total Expense$150.63
After Tax Saving Rate98.07%

Wednesday, July 1, 2020

Net Worth Update June 2020: $1,795,051.56 (+$19,889.95, +1.12%)

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 6/1/2020
+ Cash inflow
/(outflow)
+ $ P/L= Ending Balance
on 6/30/2020
% P/L% Equity
ASSETS
Current assets
Cash(37,366.87)(9,651.22)0.00(47,018.09)0.00%-2.62%
Bonds26,214.17(15.04)218.2826,417.410.83%1.47%
Stocks1,398,036.723,140.1310,448.111,411,624.960.75%78.64%
Total current assets1,386,884.02(6,526.13)10,666.391,391,024.280.77%77.49%
Tax-deferred retirement account248,090.804,044.909,298.27261,433.973.75%14.56%
Roth IRA83,733.933,024.9186,758.843.61%4.83%
Home43,000.00(1,000.00)42,000.00-2.33%2.34%
Gold18,772.11355.4119,127.521.89%1.07%
Other non-current assets509.4240.0013.39562.812.63%0.03%
Total assets1,780,990.28(2,441.23)22,358.371,800,907.421.26%100.33%
LIABILITIES & EQUITY
Liabilities
Current liabilities299.9627.190.00327.150.02%
Long-term liabilities
Student loan5,528.710.000.005,528.710.31%
Other non-current liabilities0.000.000.000.000.00%
Total liabilities5,828.6727.190.005,855.860.33%
Equity (net worth)1,775,161.61(2,468.42)22,358.371,795,051.561.26%100.00%
Net worth: Bottom line up front, my net worth increased by $19,899.95, +1.12% this month due to marked-to-market investment gains ($22,358.37, 1.26%), partially offset by net cash inflow (-$2,468.42, -0.14%).

Here is the breakdown of my balance sheet:

Options Update: June 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

Two options got assigned this month, unfortunately, though as expected:
Trade #50: Sold 1 RCL put option strike 75 exp 6/19/20 for $908.88 net premium on 2/26/20. The option closed at 19.73, giving me an implied loss of $1973, for a net secured option income of -$1,064.12.

Trade #52: Sold 1 RCL put option strike 60 exp 6/19/20 for $1398.87 net premium on 3/9/20. The option closed at 4.73, giving me an implied loss of $473, for a net secured option income of $925.87.


Portfolio Update June 2020: Bought 22 Stocks (2 New Buys!); 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 stocks and ETFs portfolio as of 6/30/20:

Wednesday, June 3, 2020

Income & Expenses For May 2020: Saved $14,097.86, 98.81% 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. 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 inspiration for your own budget.

Below are my income and expenses for May 2020. You can see all my monthly budgets here.


May 2020
Income
Wages$13,986.81
Dividends$699.22
Other Income$870.10
Total Income$15,556.13
Expense
Federal Income Tax$669.10
Federal Tax Pmt/(Refund)
FICA-SS$501.57
FICA-Medicare$117.30
Housing
Student loan repayment$0.00
Food$110.19
Electric$3.99
Water$29.84
Gas/Heating$16.28
Other Expense$10.00
Total Expense$1,458.27
Surplus/(Deficit)$14,097.86
Before Tax Saving Rate90.63%
After Tax Income$14,268.16
Ex-Tax Total Expense$170.30
After Tax Saving Rate98.81%
Goal95.00%

Monday, June 1, 2020

Net Worth Update May 2020: $1,775,161.61 (+$116,412.07, +7.02%)

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 5/1/2020
+ Cash inflow
/(outflow)
+ $ P/L= Ending Balance
on 5/31/2020
% P/L% Equity
ASSETS





Current assets





Cash(29,840.64)(7,526.23)0.00(37,366.87)0.00%-2.11%
Bonds26,006.05(19.10)227.2226,214.170.87%1.48%
Stocks1,300,175.8716,776.6681,084.191,398,036.726.24%78.84%
Total current assets1,296,341.289,231.3381,311.411,386,884.026.27%78.22%
Tax-deferred retirement account228,398.864,044.9015,647.04248,090.806.85%13.99%
Roth IRA80,201.79
3,532.1483,733.934.40%4.72%
Home41,000.00
2,000.0043,000.000.00%2.31%
Gold18,201.30
570.8118,772.113.14%1.06%
Other non-current assets443.9440.0025.48509.425.74%0.03%
Total assets1,664,587.1713,316.23103,086.881,780,990.286.07%100.33%
LIABILITIES & EQUITY





Liabilities





Current liabilities301.73(1.77)0.00299.96
0.02%
Long-term liabilities





Student loan5,535.90(7.19)0.005,528.71
0.31%
Other non-current liabilities0.000.000.000.00
0.00%
Total liabilities5,837.63(8.96)0.005,828.67
0.33%
Equity (net worth)1,658,749.5413,325.19103,086.881,775,161.616.21%100.00%
Net worth: Bottom line up front, my net worth increased by $116,412.07, +7.02% this month due to marked-to-market investment gains ($103,086.88, 6.21%), as well as net cash inflow ($13,325.19, 0.80%).

Here is the breakdown of my balance sheet: