Welcome to August! The first week in August means that it’s time for July’s Review and Net Worth Update.
For those who are new to The Grown-Up Pkmn Trainer, each month I write a financial review to xatu my net worth by writing down my thoughts on the previous and following months. I share these summaries so everyone can gain insight into my personal finances and my thoughts behind them.
I started tracking my net worth to measure my progress, inspired by Budgets Are Sexy, which has helped me pay closer attention to my personal finances. I have been tracking my net worth since January 2015 and writing monthly financial reviews for myself since 2016. I recommend tracking net worth because it has been such a helpful tool to see my personal finances stat changes all in one place.
Summary of activity: It was a very active pre-wedding month. We got everything finalized, arranged and paid for our wedding. Now we just have to show up, set up and get married. Work has gotten unexpectedly rash as the shop’s workload has yet to weaken and my new supervisor continues to adjust. No raise or a promotion in July. The boss was quite busy and didn’t have time to do her own job. However, I will speak with her the week after my wedding.
Although I have received reimbursement for last month's rent check mienfu, my fiancé hasn't. I still have some clean up to do on my own finances after the sludge wave of last month, but that will happen after the wedding.
Income Unusualness: When we had three shoppers on staff, my hours were under what my budget requires. But when one left to begin her next project, hours have picked up.
Overall Budget: I am finding it difficult to pay my bills every Friday like I prefer to do. Between the chaos at work during the day and the wedding planning at night, I find that my free time has transformed into moments of relaxing with a tv instead of my bills.
One week I paid me my grocery money so late I didn’t pay myself the following week because I knew I had just done it. I look forward to after the wedding when I can enjoy paying my bills again.
Budget changes: For August I started with July’s budget. I made an adjustment for my rent to prepare for my increase in September by moving some money from ACS. I also increased our Spectrum payments until we call them to lower it. I also need more leftovers for my Amex bill. Hopefully in September, being a 5-week month, I will be able to save a lot. Especially if I receive a raise.
Net Worth: My net worth has dropped again and at this point, I plan on just riding it out until after the wedding. Once the wedding is over, I will devote more time to getting back on track.
Savings Accounts: My rent savings is surprisingly the account that took damage this month. I usually keep a $300 buffer, but I used the money to pay for my updated passport. I'm actually pleased that I used real money for something that important. With all of the credit being seismic tossed around, it was refreshing to feel like I could pay for something with actual money.
Investments: My Roth IRA is doing quite well for being ten months in. I cannot wait to add more to it. If I never add it, it will only grow minimally. Blackrock went up this month as it just surfs the market.
My Acorns is currently giving me a market gain of 9.21%, with a total loss of 1.82%. An improvement from last month. I still need to link it to my new checking account. I received an email to help me, but I haven't made the time to deal with it yet. Another thing to do after the wedding.
Credit Card Relationship: Here's the thing about my credit cards relationship this month, I have been struggling to not use them. My visa has been very well behaved and I only use it for big deals like going to the eye doctor. However, my Amex and I have been playing rough. Currently, I am constantly changing my stances between "I just don't care anymore” and “I really do care." Sometimes I just gave in and bought the ice cream or pizza. Other times I remained strong and imagined ice cream or pizza.
August will be difficult to stay in shield form while I’m living out of a hotel for a week. I will do my best to be responsible, and after returning from the wedding, I will fairy lock both cards and hope that I don't need them. I have decided that since September is a 5-week month, I will do the no-spend month challenge on with my credit cards, with an exception for doctors' visits.
Credit Card Extra Thoughts: My credit card’s PP is temporarily on hold until after the wedding. I feel like it’s a bad move, but I have plenty of other things to be stressed about this month. I also still want a new credit card so badly but I still cannot rationalize it enough to get one. Until that day comes, I just have to keep on wanting.
Student Loans: These are continuing to be so sturdy, and have been a forretress for me, but that may change in the next couple of months. If I don't get a raise this month, I will need to lower all my extra payments to be paying the minimum amounts. It has already begun by lowering my ACS payment for August. Although I lowered my payment, I will still be over paying on every loan it services.
Wedding accounts: Savings went down, and our line of credit went way up, as expected. Everything for the wedding is paid for except our cheesecake extra toppings, the things I put on my Amex in July and whatever surprises the following week may bring.
Other notes: My biggest concern at this moment in time is that if I cannot get a raise in August, I will need to take a deep look at my future and look at all possible options I have available to me. But right now, it’s all about getting married next weekend. First, comes marriage, then comes marriage finances. Psy-aye-aye…
It was fatiguing minun of a month. We need a week-long visit to a Pokémon Center. Ok August, you’re the month I’ve been waiting all year for. Let’s do it.
Let’s chat: How were your finances in July? How do you see the summer months affecting your finances?
Rockstar Finances Blogdex Net Worth Tracker- almost 350 other bloggers’ net worths
June 2017 Review and Net Worth Update- Last month’s review and update
*A few notes about my net worth*
My net worth only tracks my personal assets and liabilities. My fiancé’s finances are not included. I include our wedding accounts on a separate line because it’s a gray area for me.
The numbers are taken from each month’s statements.
I don’t use dollar signs because looking at just the numbers helps me focus energy easier for analyzing by removing any prior attachments, emotional or otherwise, so I can look at the numbers as just numbers. (In my excel file, I don’t use commas either.)
I use plusle-red, and minun-blue for illustrative purposes. (In my excel file, they are all in black.)