End of January 2018 Report
Well, this is embarrassing. For my first monthly update, I have by far the worse savings performance since I began this last August. Sigh. It was a tough month both for income and spending. So, instead of meeting my goal of saving 35-40% of income, we actually spent 8% more than we brought in. Ugh! (I don’t factor in retirement savings, if I factor that in then we did save 9% of our income this month). Here’s what went wrong: Income: We are not salaried employees. We get paid for the work we do, and not usually immediately; it may be a week to months for us to be paid for the services. This was a slow income month for a couple reasons. For one, we took time off around Christmas, and since we get no paid time off, this was reflected in paychecks this month. Second, January is a notoriously slow time for reimbursements in our field- hopefully as this catches up, we’ll see some good paychecks in the near future. Spending: We had a few budget busters in here. For one, our prop