It’s number time!
|Liquid Assets||Jan-17||Feb-17||$ Change|
|Cash & Savings||$1,200||$1,425||+$225|
|Short Term Savings||$75||$300||+$225|
|Long Term Savings||$43||$144||+$101|
|Illiquid Assets||Jan-17||Feb-17||$ Change|
|Retirement Accts||Jan-17||Feb-17||$ Change|
My net worth increased by close to $5,000 this month!
The increase was mostly due to my tax returns. I’m not aiming for a sizable tax return next year. I only did so this tax season because I knew I’d be tempted to dip into my emergency fund during my first year of work. So I let Uncle Sam hold onto my emergency fund. Now that I’m through the rough year, I won’t have to resort to such measures.
I love how my net worth went from $20K to $25k to $30K over the past 3 months. It was a good run, but I don’t anticipate on keeping that momentum going.
I’m on track for meeting all of my goals, and I’ve started two new ones. My vacation fund is in my short-term savings account and my Vanguard Fund is in my long-term savings account. My vacation funds need to be accumulated by April. I have no specific timeline on my vanguard fund.
Oh and I surpassed my February stretch goal of having $5,750 in liquid and illiquid assets. I even met my March stretch goal. Using my goal post trajectory, I also surpassed my April goal. This allowed for my vacation in April which was a spur of the moment decision I did not budget for.
So how did my budgeting go this month?
|Fixed Expenses||$100||$146||$46 over|
|Everything Else||$315||$286||$29 left|
- Rent: I paid the usual: a lot. I choose to live close to work.
- Food: I was $37 under my food budget!
- Fixed Expenses: I went over $46 because I decided to trial Sling TV (not keeping). I also kind of wanted the Roku that came with the trial.
- Medical Expense: While I don’t budget for medical expenses, I finally received a medical bill that was long anticipated.
- Everything Else: I gave myself an extra $65 to spend on “Everything Else” due to $65 extra income. Notables for this month include purchasing 4 plane tickets for 2 vacations and also partially funding a hostel stay. Thanks to credit card rewards I didn’t spend a whole lot on any of this.
Even with the overage in the Fixed Expense category I still managed to come $20 under my budget. The $20 has been transferred to my long-term savings account.
March should be another straightforward month. April may be a bit more interesting since I’m going on my first vacation. This is a 10-day international trip. I would love to keep my spending on this trip under $500, but I think $750 may even be a stretch. We will see!