Monthly Status Report: May 2016

Why do I do a monthly status report?

I find it best to do a monthly status report for a few rea­sons.

  • It helps me eval­u­ate how I did the pre­vi­ous month. Did I hit a tar­get reduc­tion in spend­ing or did I go way over bud­get for a par­tic­u­lar cat­e­gory? Did I earn more? What was my overall savings rate?
  • It helps keep me account­able. How can I make an extra pur­chase know­ing I’ll have to explain myself to all of you? Talk about awk­ward when the blog­ger can’t walk the walk and talk the talk.
  • I want to prove this crazy thing called finan­cial inde­pen­dence works!
  • It pro­vides an exam­ple of real world bud­get­ing and expenses. Some of the peo­ple I talk to haven’t ever seen a proper bud­get or seen one put into action, and part of the pur­pose of this blog is to lead by example!

I use Mint to help me track my spend­ing and keep an eye on my accounts. I also use a really awesome and super in-depth spreadsheet. So many formulas….. Some peo­ple use Per­sonal Cap­i­tal and oth­ers use You Need a Bud­get (YNAB). What­ever tool (or combination thereof) works best for you and your needs is the best one for you, since every­one and their bud­gets are different.


The word that best describes this month is Travel! I started out the month in Omaha for the Berkshire Hathaway meeting, which (parts of) was tons of fun! I stayed close to home for the next two weekends, and then hopped on a plane to hang out with my best friend from college in St. Louis for the weekend. My local airport added a direct flight to St. Louis, which meant traveling there was a breeze! (and Southwest made it a super fun trip. They didn't pay me to say that, btw.)

Then, this last weekend I FINALLY got to go to Seattle! I had an absolute blast at Camp Mustache. It was very different from my experience at the Chautatuqua this fall, but a good different! I got to see some familiar faces from Ecuador (Mr. Money Mustache, Paula Pant, her partner and several other attendees!), so that was very exciting. I also got to meet tons of new people! I really enjoyed getting the chance to talk to everyone and learn their stories. I'll have a more detailed writeup of Camp Mustache later, but just know for now that I had a great time.

Other than that, I hung out at home, played sports and generally just relaxed.

But I've segued far enough from the numbers. With­out fur­ther ado, I present my spend­ing (for bet­ter or for worse) for May 2016.



RentStilllll paying rent. It's actually slightly higher this month as I paid for access to my spare key fob. Don't ask, I'll get mad all over again.
UtilitiesUtilties were super low again this month. Probably the last month for awhile now that it's getting hot out :/
FoodMost of this could actually be attributed to travel…..
PhoneSo low. I love Project FI!
AutoA few longer drives to Omaha and Minneapolis made for more gas costs, and parking was ridiculously expensive at the airport.
InternetSame price as always.
InsuranceHealth insurance is paid directly from my paycheck, and the others are an average from my 6 month payment.
PetJust some more wet food and litter for the furball.
SupportI’ve started supporting both of my sisters in various ways.
MiscMost of this is medicine from my facial bacterial infection from Omaha. Bleargh.
TravelSignificantly lower this month! One plane ticket and an incredibly expensive Uber ride in Seattle.
ShoppingBought some stuff on Amazon and some clothing.
FeesNormal fees charged to my investment accounts.
GiftsI'm participating in a bike ride for MS in June!


All told, my spending totaled $3188.26 for May. Much much much much better than April! My total savings rate for the month was 42.88%, which is almost 10% higher than last month. My necessary budget was up a bit this month, but discretionary spending went down a lot. Go me!


Gross: $5,581.45

Adjusted: $3338

Taxes: $1,180.32

A bit normal than higher thanks to some credit card rewards I cashed in!


401k: $2,091.60

Roth IRA: $450

HSA: $100.00

Total savings: $2,641.60

I wish I had been able to save a bit more outside my retirement accounts, but one month won't derail my plans.

As of April 30th, my net worth sits at $97,068.98. I'm THIS CLOSE to hitting 100k!! THIS CLOSE I TELL YOU!

According to the Lab over on Mad Fientist's site, my FI date is now 9 years and 7 months away. I added two months to my timeline this month which is no beuno. Fortunately, June looks like it'll be a lower spend month! Phew!


Thanks for reading! What did your month look like? Did you stick to your budget?


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6 thoughts on “Monthly Status Report: May 2016

  1. Great job on your savings!

    Really looking forward to your Camp Mustache writeup. I think it’s so cool how you make it a point to attend events like this and the Chautauqua. Moving forward, I’m going to make a concerted effort to meet up with folks in the PF community. We were planning on attending FinCon in September, but our upcoming move to England detailed those plans. Maybe we’ll cross paths one day!

    • Thanks! I really enjoy meeting everyone in the FI community.

      I’m taking a trip to London in October! Maybe we can meetup then 🙂

  2. For sure! We should be settled in by then. We’ll be living about 80 miles outside of London, just north of Cambridge. I’m sure we can set something up. Feel free to reach out as it gets closer to your trip!

  3. It was great meeting you at Camp Mustache. Very nice FI status write-up. This year’s halfway point will see you past that 100k NW milestone. I haven’t read many of your other posts, but am curious how you can contribute so much to your 401k. Are you front loading it as much as possible to get it maxed out before year-end? Great job. You will make up that two months in no time.

    • The ~$2k I put in my 401(k) each month is $1500 of my money and $500 match, roughly. I have a pretty good match at MegaCorp. Job sucks, but the benefits are good!

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