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UPDATE: 6/24/06
Projected 2006 - $45,000
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I was reading some blogs and I came across Madame X’s topic about why she believes in revealing her income.
I have to add that I think it is a great what she is doing. At the same time, I can see why other pf bloggers are hesitant so reveal such personal information.
I have eluded to what my family’s income is in a comment I have made within my blog - but I am inspired by her to just put it out there. Why not? It will give you a better picture on my financial position.
Ready?
Projected 2006 - 40,000
2005 - 26,000
2004 - 28,400
2003 - 27,400
2002 - 23,700
I have to say projected because who knows what the future holds. I have worked some overtime lately so it could be higher. Or, I could be laid off tomorrow. But, at this given moment - that is what we are making (both my husband and I work).
So, when I say my mortgage is $337.00 - you can see it isn’t too bad with what we make. We’ve never really considered ourselves poor and we make do with what we have. Now - we both say that we would be rich once our debt is paid off because we would have so much extra a month for other things (about $1300/month). 
It also should be noted that I don’t live in a big city and I live in a fairly rural area. So my cost of living isn’t as high.
So, there is is. I feel a bit naked - so I better get some more clothes on 
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About This Site
Credit Card Debt
- Starting = $37,614
- Paid Off = $29,012
- Current = $8,602
- $25 ING Savings Bonus
Savings Account
- Current = $3,750
Posted: August 6th, 2006 at 10:21 pm
That’s pretty good. Is that a combined income or yours alone?
Posted: August 6th, 2006 at 11:40 pm
Hi Tim. It’s a combined income for my husband and I. We both work full-time and I additionally work two part-time jobs. At the end of the year, the two part-time jobs will phase out for me.
Posted: August 20th, 2006 at 4:08 pm
I have a millionaire friend who works as a security guard and earns about that much. He has been investing in dividend-paying stocks for 30 years, and re-investing dividends, and it has added up. True story.
Posted: August 20th, 2006 at 4:16 pm
Jerome - that’s an awesome story. I hope when we pay off our debt we will still keep things going and start saving using the money we were using for our monthly debt payments. If we do that, we could be looking at a comfortable retirement. Thanks for sharing!
Posted: August 29th, 2006 at 11:16 pm
IF YOU ARE ONLY PUTTING 1300.00 A MONTH ON DEBT REDUCTION, HOW ARE DID YOU DECREASE YOUR DEBT BY 3000.00 IN APRIL AND MAY?
Posted: September 6th, 2006 at 6:28 pm
[...] A reader asked a great question in a comment: “If you are only putting 1300.00 a month on debt reduction, how did you decrease your debt by 3000.00 in April and May?” [...]
Posted: December 30th, 2006 at 9:25 pm
[...] Here it Goes, Here’s How Much We Make - Back in April, I projected that we would make $40,000 in 2006. Now that I have the numbers in for December, I can tell you that our income is just shy of $47,000 this year. [...]