Prologue: Before we talk about money, I need to say something regarding the recent protests in the country. I’ve deliberately avoided talking about political issues on the blog in the past, but I can no longer remain silent. That I even have that option is the utmost privilege. I’m going to write a longer post in the future when I figure out what to say but this is my messy, maybe-won’t-say-everything-right first attempt. It’s long past due that we stop the senseless killings of our Black brothers and sisters, especially at the hands of our police force. If you don’t believe Black Lives Matter, this blog probably isn’t for you. I am all for reforming as much of the system as we possibly can to right the wrongs white Americans ingrained into the fabric of our society. I am here to listen and do what I can.
As it turns out, the stress of transitioning to working from home, social isolation, protests, what’s in the headlines now!?, and family getting sick from Covid takes quite the toll on the old writing abilities. To make up for the fact I haven’t written anything or updated my status reports, for 3 months, I’m doing a bit of a catch-up conglomeration post for all my expenses and whatnot since April. Behold! All the numbers!
My spending has undergone quite the shift in the last 4 months. I can go days without spending money, and then BAM! All of the sudden I have a new hobby and need supplies so a few orders online later, I have more stuff and less money. I need to get a better handle on that side of isolation, but I’ve already made improvements. Notable purchases include 3 bicycles (a road bike for me, a hybrid for me, and a mountain bike for my sister), all the gear that bikes come with, and kombucha supplies. I’m two batches in and loving the ready supply of non-plain water/not sugary soda drinks. I’ve also lost 10 lbs since I took up cycling — 8 of those quarantine weight. In the hunk, chunk, or drunk options of a pandemic, I’m going for hunk. So far so good! I also bought a video game on Steam called Terraria. For $10 upfront, my boyfriend and I are at nearly 150 hours of quality playing time together, which has made isolation much easier to bear.
It’s also nice to see my auto expenses have dropped to basically nothing. I’m working from home, so no more twice a day commute. I’m also not driving to see my boyfriend a few times a week or going to see friends or family back home. June was nothing, while July I was hit with car insurance premiums (slightly lower due to a Covid discount) and repairs when my starter/battery died. My pet expenses were also high in July as I had to take Bartholomew in to get his teefers cleaned. Pet dental care is expensive!! In May, I renewed the hosting plan for this blog for another year, so I’m going to be writing sometimes at least through then 🙂
Notable absences in the budget are restaurant spending, travel expenses, and lowered healthcare expenses as I dropped my paid therapist plan in favor of the free one work offered as a response to the EAP service being overwhelmed.
It’s hard to see July’s spending be so high, but it helps when I compare it to the last couple of months. Nothing exists in a vacuum. You can have a bad month, and have a great month right after that. Or vice versa in my case. It’s ok to have a month where everything goes off the rails, you get hit with big bills everywhere you look and you’re wondering if your savings is enough to cover the bills. It happens to everyone every once in a while. Just take care it doesn’t become a regular event!
Total spending for May, June, and July 2020 was $15,263.48. Big OOF there.
On a totally unrelated note, August will be as much of a low/no-spend month as I can manage!
Other income: $371.70
Obviously, when you look at things 3 months at a time with pre-tax income, things look a little absurd. My net income for the 3 months was $12,318.69. When you compare the net income with the spending above, you can see quite the gap so it’s a good thing I’m reining in my spending as much as possible for August and September.
Unallocated Cash: $0
Total savings: $3,230.04
The 401k line includes my contributions (set at 10%) and my employer’s contributions. You’re getting a very bird’s eye view of my finances with this one!
Chase Sapphire Reserve: $0
Chase United: $0
Zip, zero, zilch. I officially paid all my credit cards off! Woooooo!!
According to this, my total net worth is $244,759. I’ve gained nearly $35k in the last 3 months by doing nothing but staying the course. I’m now made everything back from the crash plus a little extra. This year is bananas. I’m almost at the next big milestone of a quarter of a million dollars net worth. It doesn’t feel real even though I’ve been working hard at this for the last 8 years.
Thanks for reading! What did your month look like? Did you stick to your budget?