Hello all! It’s that time again. Actually it’s a day or two after that time again. I did my calculations and spreadsheets on May 31, but it’s been busy (hence the radio silence for the last month!) and I’m just now getting around to actually uploading and narrativizing. (I don’t know if that’s a word, but I guess it is if I say it is.)
As I predicted last month, this month looks really fantastic from the net worth perspective. I had no major expenses (no car repairs, no contact lens purchases, no nothin’) so not only did I have all the benefit of my normal paychecks, but I also got to add extra cash from Ebates ($64.94), Swagbucks, ($25), freelance writing ($70), reimbursements I’d long since written off because I thought I’d never get them back ($230), and, drumroll, a $2700 stipend for the seminar I’m taking. Basically, I made about double my normal income this month. That is very unusual!
So, here’s the spending report:
Pretty boring. Gas was high (and will be high in June) because I drove about 1/3 of the way across the country to attend this seminar. The “travel” cost was actually to book registration, lodging, and class dinner for my college reunion which is this weekend.
“Slush” — I finally paid up for Hulu, and the rest of this was the cost of a couple of lunches out as well as taking my brother and sister in law out to dinner when I stayed at their house. Personal/medical included a couple of prescriptions, but most of that is actually fancy skin care which is embarrassingly expensive but which I kind of love. “Gremlins” is actually the renewal of my membership in the NAACP. “Clothing” is a pair of nice, arch-supportive flip-flops. Professional expenses is basically books for this seminar, paid for out of the stipend.
I also finally answered the burning question of what I’m doing for income next academic year (starting in July.) Folks, this was not supposed to be a year of epic employment drama, but it has been a year of epic employment drama. Remember how I was either moving, or buying a house? Right. Of course, in the end, I’m neither moving, nor buying a house. And instead of getting a raise at my current job (which I’m keeping another year) I actually ended up negotiating to drop to 3/4 time. (This was my idea.)
Since it’s no longer a down payment fund, I changed the name of my big pot of money to the “Life” fund. I’ve got a post in the works about it, so I won’t say more here, but if you look at the spreadsheet below you’ll see it listed like that.
Woo! In the time I’ve been keeping track, I’ve never had a monthly shift that big. Turns out having twice as much income as normal has an effect! I also got a roughly $500 lift just from stock market activity.
As you can see, I filled my emergency fund back up; I used it last month for the car repair, and when my first stipend check came in earlier this month, I put some of it into the e-fund, as well as using some of it to pay for seminar-related expenses (books and travel.)
These are the numbers as of May 31. However, on June 2 they already look different; I took $1400 from checking and put it into the Life fund, so the latter is actually standing at just over $12400 right now. It’ll get one last big cash infusion this month before I turn my attention back to my retirement accounts with July’s paychecks. Although I do note that as of yesterday with a new contribution hitting, my retirement accounts are up to over $30,000. So that’s cool.
Anyway, my official end of May net worth is $46,773, up from $41366 last month for a total increase of $5367.51 (!!!!) Also, according to the running calculation I’m keeping, I’ve now saved 58% of my income on the year, although this percentage is now artificially inflated by my super-sized May income and will undoubtedly decline. It would be even more misleading to calculate the percentage of income saved vs spent just for May, so I’m not even doing that 🙂