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A Look at My 2014 Income

December 27th, 2014 at 04:07 pm

So my NET income in 2014 was $48,773...it sure doesn't sound like much, and in fact, it's only $8,000 more than I netted in 2013. However, let's remember I'm contributing the max to my 401(k). More about that later.

Here's a breakdown of my 2014 income.

My job at the bank: $43,543 (net of taxes and deductions)
Freelance work: $1,975
2013 IRS refund: $977
Credit card rewards: $565
Manufacturer rebates, discounts, etc: $210
Sale of plants from my yard: $206
CT tax refund: $119
Online surveys/forums: $58
Other: $1,021

Also, I can tell by looking at my income and expense reports that in addition to maxing out my 401k and the over age 50 extra contribution, I somehow managed to save an additional $19,855. I'm pretty happy with that, and of course a roaring stock market has only furthered my gains.

Looking ahead... All in all, I'm pretty happy with my financial picture in 2014, and mainly just want to lower my Dining Out expenses and maybe cut them in half. I also want to reel in my Household expenses. If I make the various repairs to this place in preparation for someday selling it, then my "Major purchases of $500+" category will also go up.

1 Responses to “A Look at My 2014 Income ”

  1. LittleMissSplendid Says:

    Call me crazy, but that sounds like plenty of income for 1 person to live on and with no debt to boot!

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