Financial Update – May 2023

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 gets $600 a month and I get $150 a month for our own individual spending as an “allowance” which go into our personal bank accounts.
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.

Spending

Net Worth

Monthly Update

Last full month on maternity leave. Not much exciting happened this month. Just trying to enjoy the time I have before work starts again. Sleep is hard to come by right now. Send me green tea recommendations.

How was your May?

Financial Update – April 2023

Background

Spending is divided into joint and individual spending. My husband gets $600 a month and I get $150 a month for our own individual spending as an “allowance” which go into our personal bank accounts.
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.

Spending

Net Worth

Monthly Update

I feel like I’m finally getting the swing of being a parent. If I had to summarize my parenting journey so far, I’d say the first month I was struggling, the second month I was surviving, and this month I felt like I was finally thriving. It helps that my baby is sleeping through the night. I really feel like we’re a family now and that this little potato is just a delightful part of my life.

On the financial front I’m adding a few new goals, including college funds for our baby and a future hypothetical kid. We also have a big home renovation/addition we want to do that should give us an additional 500 square feet of usable space.

How was your April?

Financial Update – March 2023

Background

Spending is divided into joint and individual spending. My husband gets $600 a month and I get $150 a month for our own individual spending as an “allowance” which go into our personal bank accounts.
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.

Spending

Net Worth

Monthly Update

Lots of big expenses hit this month, including:

medical costs from baby’s delivery
replacing our broken gas stove with induction
local healthy meal delivery service to get us by while we’re time-strapped with a newborn
bunch of last-minute baby stuff and home goods shipped to our house

Right now I’m not really thinking about money— I’m more than happy to throw money at my problems. Whatever it takes to get sleep and just enjoy my maternity leave with Little Bub.

How was your March?