Welcome to June! The first week in June means that it’s time for May’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 another busy month, both at work and home. At work, one of my supervisors retired and we have spent the month short staffed until they hire someone new. At home, we were preparing and mailing our wedding invitations. We also attended our first wedding of the season, along with doing more wedding prep while we were in town.
Income Unusualness: My hours this month varied like the power of magnitude. One week, I had a magnitude of 9 by working 40 hours. Another week, I had a magnitude of 5 by working 32 hours.
Overall Budget: Over the last couple of months I have been debating raising my food budget to $30. After May, I have decided that I can sticky hold to $25 a week if I just pay attention to sales, eat more pancakes and fresh vegetables. This month I also stockpiled any extra money for our friends’ wedding weekend. I anticipated that we might eat out and pay for gas.
Budget changes: Since June is a five-week month, it will basically copycat March. March increased my net worth and I hope I can do it again. Also, adding extra rent savings to cover my four-week months worked really well.
Net Worth: This month’s net worth is the lowest it has ever been since I started tracking it. It amazes me how four fillings can critical hit my net worth. I look forward to the day when I no longer depend on my credit cards to pay for health care.
Savings Accounts: Ally grew a bit more this month since I managed to find a little extra money to put in it. Egg, HM02, and unemployment accounts are on hold until after the wedding.
Investments: My Roth IRA, still all in Nintendo stock, continues doing well. I would like to purchase some other stock to defensive curl my retirement more, but right now I’m just having fun watching it grow. My Acorns is currently growing by a market gain of 7.76%, with a total loss of 2.31%. I can only hope that these trends continue. Blackrock went up since it just rides the rapids of the stock market. I haven't started an UTMA investment account, or saving for one, for my nephew yet. Maybe for his second birthday, I’ll get it started.
Credit Card Relationship: May’s wedding weekend left my credit card pp a mess. I accidentally used the wrong card a couple of times. I feel like my Amex is doing fine, but I am concerned about my Visa. I knew my dental bills made a critical hit, but I didn’t realize until after the wedding weekend that my purchasing power had harshly fallen. Right now, my Visa is locked up and I cannot take it out until I have a plan to get my balance back down.
Credit Card Extra Thoughts: I am still open to the idea of starting a new credit card for the 0.0% interest. However, I feel like I need to address this Visa issue before I start another card. I feel like if I move forward on a new credit card without healing my Visa, it’s like I am going through a dark cave before I can use Flash outside of battle. Sure, I can make my way through the cave, but I’d be more successful using Flash.
Student Loans: They are skill linking their spike cannon and staying the course. UAS and ACS are going down, while Nelnet goes up. ACS now has three loans with a payment due of $0.00 due and I’ll keep paying them like I do. I should still xatu my student loans to figure out when I want to start shifting overpayments.
Wedding Accounts: Our wedding savings is doing fine. Although our line of credit looks l like it hasn’t been hit too hard yet, it’s just biding time. We are trying to determine how close to final payment due dates we want to wait for to use the line of credit. We don’t want to pay bills with the credit too early because we don’t want any unnecessary interest from paying bills too early.
Other notes: We received our new lease for our apartment and rent will be increasing the same amount it did two years ago. I also faced my fear and started the discussion about a promotion with my boss. I believe I have demonstrated that I would be great at the job. If not, hopefully, I can negotiate a raise.
It was an exhausting minun of a month. I may be a little silver winded, but I’m not stopping yet. Bring it June!
Let's chat: How were your finances in May? Have you reached any of your spring goals?
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April 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.)