Income Update - June 2012

June was a good month for my spending. My income was way up and due to being on vacation for 2 weeks using savings earmarked for it my expenses were down as well. My minimum expenses for the month totaled only $1,252.68 and my total expenses were only $1,329.99. I know these will rebound in July to be closer to my averages for each but as long as I can get them in the same ballpark and possibly still falling that will be great. My potential retirement income for the month totaled $92.87 and my financial independence number is up to $118.07. These covered 7.41% and 9.43% of my minimum expenses in June. The expense coverage amounts have slowly been increasing which is good news.

*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 independence.
*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	$8,732.71
Expense Check	$975.22
TOTAL	$9,707.93

Monthly Expenses

Category	Amount
Rent	$480.00
Utilities	$86.24
Gas	$179.57
Car Insurance	$90.00
Groceries	$148.24
Restaurants	$140.40
Entertainment	$10.50
Cell Phone	$75.00
Other	$25.83
Miscellaneous	$55.98
Monthly Fees	$38.23
SAVINGS
Trip	$500.00
Roth IRA	$425.00
Emergency Fund	$3,560.18
Gifts	$50.00
FI savings	$3,842.76
TOTAL	$9,707.93