Posting a little early because I had my spreadsheets ready and nothing financially significant is going to happen between now and the end of tomorrow 🙂 February was less calm than January, with more ups and downs. Overall, though, barring some car trouble, it’s been a very positive month in the Singledollar household-of-one (financial household, anyway; I live with a housemate and her dog and cat, so actually it’s fairly full up around here!) Knock wood, I should be on track to be over $20,000 (and be halfway to my e-fund goal) in March.
The spending report is a little less exciting than the income report (below) this month; for heaven’s sake, there aren’t even boots on here! Of note, however:
1) Repairs and Maintenance: My car refused to start just a few days into February. I ended up having to have it towed, and the mechanic determined that I had some really old and corroded parts (spark plugs, rotor cap) that ought to be replaced sooner rather than later. I had them go ahead and do a fuel service and replace the spark plugs, which were original to my ’98 Honda, but the rotor cap turned out to be impossible to replace without the high risk of snapping off a bolt (it’s rusted and they were having trouble getting it undone) and therefore having to replace the rotor itself, which they told me would have run another $400. Since that part wasn’t mandatory, I decided to skip it for now, knowing it might be an issue in the future. So, the final charge was for the tow, diagnosis, a fuel service I had them do, and the spark plugs. I paid for it with $125 I had in this category already, $121 from my slush fund, and the rest from the “gremlins” fund.
2) Clothing: I’ve recently lost about 5-10 pounds (fluctuates a little) and I’m having some issues with my wardrobe (even more than I had already!) I had a few smaller items (including suit jackets and two nice skirts) that now fit pretty well, so that’s good, but I bought a pair of jeans off ebay ($12.50) and a skirt from an online Prana sale. I’m hacking it with tops for now (my sweaters, which are stretchy, mostly fit fine, and I’m getting along ok with tshirts) but I hated having all my pants sliding down and decided to move a few new pieces higher up the priority list. Plus it’s incentive to keep the weight off.
3) Gas: still not spending much on gas since prices remain lower than they had been (though rising) and I did less driving than usual since first the car was in the shop and then I was out of town for nearly a week. Got through the whole month on a single tank!
4) Travel: the tally of money I lost track of in New York turned out to be just over $60, which I took from my travel fund. No big deal but next time I travel for business I’ll carry more cash.
Now for the exciting part of this report!
Wow! That’s just fun. Unlike last month, when I was super low on spending and very strict about the budget, but bought a plane ticket and watched the markets drop so had a lower net worth increase, this month I had a car repair and bought some random things, but on the other hand, the markets went back up and I also got my tax return. Even after spending that $$ on the car, therefore, and after taking $200 out of the tax return for those boots, things look great. (The vast majority of my tax return went to my Roth IRA, which is why that’s got such a healthy gain this month.)
Overall, I had a net (post-tax) income of $4026.76 in February, including paychecks, side hustle income, the tax refund, and pre-tax 403(b) contributions. Once again, oddly, just like in January, I lived on 33% of my net income. But I had over double last month’s net worth increase; in February, I had a net worth increase of $3222.45, for a total net worth of $18773.25. $20,000, I’m gunning for you!