Income Update - April 2012

April turned out to be a pretty good month. I did a good job of lowering my expenses. My minimum expenses were down to just $1,541.22 which is really good. This month was $114.59 less than the average through March. My total expenses saw an even better improvement being $139.57 less than the average through March. Total expenses for the month were $1,751.22. Potential Retirement Income for the month totaled only $28.77 and my FI changed to $126.11. These replace, based on my current minimum expenses, 1.87% and 8.18%. The replacement amount is slowly creeping up which is great to see.

*Minimum Expenses are only the expenses related to rent, utilities, car, food, minimum payment on debt and other necessities. In other words, the required amount of replacement income I would need for financial independce.
*Total Expenses are the total monthly outflow of money.
*Potential Retirement Income is income received from dividends, interest, cash back from credit card purchases and any other source of income not related to my job.
*FI is my liquid assets invested at the 30 year treasury bond yield at the end of each month divided by 12 to get monthly income.

Monthly Income
Category Amount
Paycheck $5,074.90
Expense Check $738.57
TOTAL $5,813.47

Monthly Expenses
Category Amount
Rent $480.00
Utilities $161.55
Gas $141.09
Car Insurance $90.00
Groceries $183.14
Restaurants $130.91
Entertainment $56.69
Cell Phone $75.00
Other $24.83
Miscellaneous $142.48
Debt Payment $265.53
Extra Debt Payment $3,350.00
Roth IRA $450.00
Emergency Fund $212.25
Gifts $50.00
TOTAL $5,813.47