I have a hard time knowing how to assess this month; I was out of town for half of it, spent weirdly on groceries, bought some clothes that I probably shouldn’t have, replaced my computer’s hard drive, finished paying for last month’s car repairs, made a lot of side hustle money, watched the stock market drop, pretty much broken even…. I don’t quite know what to think. Nor do I really know how I’m doing on my yearly goals, so I’m kind of looking forward to writing up the end of this post where I do that analysis and find out 🙂 So, since I don’t have much interesting to say about June…. To the numbers!
1) Travel — this was mostly meals out, plus a botanical gardens entrance fee and some assorted travel costs like buses to/from various airports. My friends paid for my plane ticket and all the food we ate at their house. The funds for this were taken from my travel savings account, not from my general budget.
2) Slush — I bought a rice cooker, a paring knife, a couple of used books, and a subscription to The New Yorker (I got a really good discount deal, and I really miss The New Yorker. Way more than I miss New York!)
3) Gremlins — only one this month. I became a member of the NAACP. It’s only $30 and if you’re feeling like making a response to the Charleston shootings, you could do a lot worse. Another good option is donating to the Southern Poverty Law Center.
4) Repairs etc — half of that is the rest of the car repair, and half is the new hard drive.
5) Clothing — sigh. I shouldn’t have done this. I bought more stuff from zulily early in the month when it looked like I was going to have all kinds of $$ to spare. I basically need to not buy clothes again unless they’re returnable or unless it’s the end of the month.
6) Gifts — I hadn’t planned on this, but I ended up buying my friends some stuff for their new house as a housewarming gift. To be precise, I bought them trash cans and trash bags, because I fully believe that the worst thing in the world to try to move from one place to another is your trash cans.
Wow, that market drop on 6/29 was dramatic. If it hadn’t happened, I would have beaten my target net worth for the month by a few hundred dollars. On the other hand, if I hadn’t spent all that on clothes and gifts and slush purchases, I would also have beaten my target be several hundred! On the other other hand, without the $415 in side hustle income I pulled in, I would’ve been in pretty awful shape. So I’ll try to do better in July — no more clothes buying, for one thing. Anyway, the upshot is I had my highest income of the year this month, at $3572 net after taxes/deductions, and I lived on 45% of that income, so that’s pretty good by the percentages, even if the raw numbers don’t look that great. My net worth rose $1775, and now stands juuuuuuust barely over my monthly goal, at $25,035.
Bonus Q2 checkin
This is where I find out in real time, as I’m writing this, how I’m doing at six months into the year 🙂 (To recap, just before the new year, I made some 2015 goals and promised to check back in at the end of each quarter.)
1) Emergency Fund: Contribute $500 every month until I reach $5000. On track! And nearly there, thank heavens; I’m really tired of diverting all this money every month.
2) Retirement Savings: Contribute $1000 to my 403(b) every month. Yup! Pretty easy since it’s automatically withdrawn. Market’s down right now, but I’m not worried overall.
3) Contribute $500 a month to a combo of travel, down payment, and gremlins funds. Yes, this is doing well; I faithfully put the money away each month. However, some of it’s been spent back out (travel stuff basically). A harder goal to measure than I’d realized.
4) Net Worth: growth of $1500 a month. Doing really well — I’m actually currently averaging $1836 a month. That said, I’m behind where I’d need to be to be on track with my stretch goal of a $24K ($2000/month) increase over the course of the year. I’m not really sure I should have this goal anymore, which is something I should write a post about soon.
…and that’s all. Better than I was afraid, really! Glad to turn the leaf over to a new month, though.