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 consist of two parts:
- Financial Progress Table – Tracks joint net worth progress.
- Spending Table – Compares monthly spending to an average (for us) budget, keeping us accountable for additional expenses. I will also include my personal discretionary budget as well; I will not include my spouse’s discretionary spending, which I do not see.
Each net worth goal in the Financial Progress table is broken down into undisclosed units of money. Our goal is to hit “Financial Equilibrium.” This means, more or less, FIRE at roughly 4% withdrawal rate.
We’ve created a joint budget which represents the average amount we can expect to spend each month. This is average amount we need to comfortably live in case of a job loss, emergency, etc. I expect to frequently mostly keep in line with our budget when amortized over the year, even though amounts may vary from month to month.
For privacy reasons, there are two things I do not include in our joint spending updates: our monthly mortgage and charitable donations (pegged at 10% of our net income).
Here is my own personal discretionary spending for the month. I try to spend $450 or less each month for my “fun money” since that’s the allowance that’s apportioned to me and my husband.
Sold off all the equities in my brokerage account. Eyeing some real estate investments in the near future maybe?
I am in a foul mood today. Things on my mind:
- The food spending is getting truly ridiculous at this point. I’m going to eat out less in August.
- Tired of feverishly working 60-70 hour weeks, feeling extremely burnt out. I’ll be taking a vacation this month so I don’t wither like a leaf and float away.
- The “t” on my laptop keyboard is being dumb, as in it’ll delay going to my computer a half millisecond or type itself 4 times out. I hate it and it functionally is rendering my computer useless for writing.
- Also, I am fairly annoyed at my husband right now because he keeps not calling the health insurance company to get reimbursement for his therapy sessions, so we’re like $3000 in the hole for that YTD.
How were your finances in July?