There is method to our madness

A peek at Mikey and Melanie's journey to financial freedom and wealth!

Friday, April 07, 2006

March Review

March was a great month. Why? 3 paychecks. What are we doing with our 3rd paycheck? Nope, no new handbag. We're throwing all of paycheck #3 into investments.

Here's a snapshot of our March income and expenses:

Our income for this month was higher than usual, thanks to paycheck #3. The total income you see on the left is after taxes so we were able to minus our expenses right off of the income. The great thing about this month is that, even after our monthly $1250 investments, we're still able to invest ANOTHER $2823.86! I love March! Our goal has been to invest as much as possible each month. The only way to do this is to minimize discretionary spending such as eating out, movies, entertainment, etc. (yes our discretionary spending is still a bit high). Our goal is always to reduce discretionary spending and increase investments.

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