Financial Update – March 2021

Background

Each month I will post an update on my finances to both give you, the reader, some insight into my situation and to give me markers of my progress on my financial journey. My updates include both spending and net worth.

  • Spending is divided into joint and individual spending. My husband and I each get $450 a month for our own individual spending as an “allowance.”
  • I don’t include charitable contributions in our numbers below, but we allocate 10% of our post-tax income to this each year.
  • Our net worth goal tracked using undisclosed units of money. Our goal is to hit “Financial Equilibrium”, based on Thomas J. Anderson’s book The Value of Debt in Building Wealth. This is fairly close to our FIRE number.

The Charts

The Numbers

Monthly Update

I have been so angry at work lately, for a number of reasons. This includes some really shitty gendered “feedback” I’ve heard from some key colleagues. I think if I don’t manage to find another job by June that I might quit without something lined up. On the one hand, it will probably look really bad on my resume- this is would be the second job in a row where I left having stayed less than 2 years. But I really don’t care at this point— every day I wake up seeing red and think that this is no way to live.

How were your finances in March? 

All The Clothes I Bought In 2020

Late round-up, but this felt like the right time to go over my 2020 fashion spending before I start going wild buying new clothes as quarantine comes to an end.

Everything I Bought

J Crew Shorts – $17

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At some point, I realized that if I was going to be home all the time, I should have more home clothes. Cue the elastic waistband shorts.

Adidas Grand Court Sneakers $47

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I wanted to replace my old walking shoes with something basic but fun. These shoes fit the bill with the pop of yellow adding a little bit of flare to the plain white sneaker look.

J Brand Jeans – $30

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Bought some extra jeans as I was starting to tear holes into my old ones. Unfortunately, these ended up being tighter than I wanted (even before I put on weight during the pandemic).

Entireworld Sweatpants – $75

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I have mixed feelings about these sweatpants. On the one hand, even by sweatpants standards, they are comfy af. However, while the marketing makes you believe these may be good athleisure wear, I’ve found the cut of these to be baggy in a “not even a model can make this look flattering” sort of way. The website is whimsical in a way that put a smile on my face, but others may find it too twee and grating for their tastes. All in all, given the price, kind of disappointing.

Theory Linen Cropped Pants – $136 (3 pairs)

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As the pandemic went on, I realized on the few occasions I did go outside that my pants were feeling a bit snug relative to what I was used to. In addition, wearing sweats kind of spoiled me to wanting to feel comfortable 100% of the time. These pants with their elastic waistband have been a happy medium— professional enough that I can use them as my work pant when we start going back into the office, but still very light and comfy. Plus they have pockets! I ended up getting these in three colors: black, sharkfin grey, and cream.

Total – $305

Summary

For a year I didn’t leave the house, I spent a surprisingly “normal” amount of clothing. $300 seems to be my magic number.

During the pandemic, I’ve felt zero pressure to look nicer or meet any sort of expectations of what I should look like. But now, thinking about going back out into the world again, I feel an urge to just round out my thirty year old yuppie wardrobe and be done with it: add a long-sleeve bodysuit, a neutral tote, a few loose fitting silk shirts, and a statement necklace, and I should be good to go.

I feel like I’m at an inflection point where I truly don’t feel young anymore, and I don’t know what that means for my sense of style. I don’t really care whether or not people think I look good so I’m kind of free to do whatever, but at the same time, don’t terribly have enough interest to double down on my own “personal style” so I just default to appropriate basics for my age, body, etc. Perhaps the best way to summarize it is: I’m too tired to care? I think these feelings are going to percolate into areas other than fashion too, as I feel more stable in my “identity” and less anxious about my place in the world. I’m interested in seeing where this goes in 2021.

What clothes did you buy in 2020? Do you have a budget for this year? What pieces do you have your eye on?

Financial Update – February 2021

Background

Each month I will post an update on my finances to both give you, the reader, some insight into my situation and to give me markers of my progress on my financial journey. My updates include both spending and net worth.

  • Spending is divided into joint and individual spending. My husband and I each get $450 a month for our own individual spending as an “allowance.”
  • I don’t include charitable contributions in our numbers below, but we allocate 10% of our post-tax income to this each year.
  • Our net worth goal tracked using undisclosed units of money. Our goal is to hit “Financial Equilibrium”, based on Thomas J. Anderson’s book The Value of Debt in Building Wealth. This is fairly close to our FIRE number.

The Charts

The Numbers

Monthly Update

Despite the bruhaha over the market decline this past week, February was a solid month for us financially. I also paid our taxes this month which was slightly painful. Our taxable accounts grew quite a bit last year and I took some short-term capital gains before the market dip in March (which, looking back, was dumb of me, but whatever). I’m going to wince hard next year because of how much I’ve been moving things around for crypto. OK, I’ll stop whining about rich people problems.

My husband is now fully vaccinated (yay!) and now I’m just waiting until we go into the next “phase” so I can get on the list too. I feel like there is a light at the end of the tunnel.

Work has been extremely stressful lately. I am still applying for other jobs, but no bites yet.

I found watching Pretend It’s A City to be really relaxing for me. Especially the episode about money and the boringness of people who are obsessed with it. It helped me take a step back from all the pettiness of my job to remember: oh yeah, I work to live — work is not my identity.

How were your finances in February?