Financial Update – August 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 gets $600 a month and I 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

August was such a good month. I got back into exercising and cooking and now my shorts fit again. I got to spend a week with some friends (including their kids and dogs) for a group trip up north. I realized what it is that I am interested in right now and was able to give myself the leeway to accept that things I previously found intellectually stimulating are no longer of interest to me and that’s okay. Also, because of all the money floating around, our net worth managed to go up (in nominal terms at least). Seriously, not working is great.

On the other hand, I’m literally a day into my new job and I’m realizing that I don’t want to work. The job itself seems fine, the people seem fine, etc. etc. It’s just… I’ve been through all this before. I’m bored of it. The only thing for me here is a paycheck. And maybe that’s a healthier space to be in than where I have been in the past, doing 60-80 hour weeks consistently so I could prove myself or something. Right now, I have no shame in saying that I’m in it for the money. Once I hit my one-year cliff, if I’m above my FI threshold (and judging from how things are going, that’s a very distinct possibility), I’m out and done with full-time W2 work forever. Life’s too short and there’s so much living for me to do.

How was your August

Financial Update – July 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 gets $600 a month 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 am having a great time not working. Sad I only have one more month of funemployment. Just fuel for the FIRE, I suppose.

How was your July? 

Financial Update – June 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

New Job

So to start with the big news: I got a new job! I will be leaving my job in a couple weeks and starting the new one in September, so I’m really excited to have a really chill summer (minus the descending-into-catastrophic-global-warming heat waves).

The new place will pay slightly more than my old employer, but the real benefit will be being able to leave the baggage of the old job behind. Overall I’ve increased my annual compensation by 60% in the last two years. A lot of that is due to a compensation explosion in tech coupled with job hopping. New college grads are getting paid what would have been considered the ceiling for individual contributors when I started working ten years ago. It’s kind of nuts.

Financials

While my net worth dropped a little in June (crypto), I’m feeling pretty relaxed about our financial situation. I still think our forward looking financial situation will be better since my husband will be switching therapists (saving $450-600/month) and I’ll be wrangling myself a bit more when I have time off to get back on the horse with cooking (saving $450-600/month).

I am, however, planning a little bit of lifestyle inflation as well to operationalize home life when I go back to work in the fall, so that’s something I need to think through and consider. Some things I am contemplating include:

  1. Hiring cleaners ($150/month) – Get someone to clean the dust and grime in our place monthly.
  2. Fancy gym ($200/month) – Includes small group weight training classes that will help me structure my workouts and get me back into post-pandemic shape.
  3. Rent office space ($700/month) – This feels the most iffy, mostly because of the high expense. Since my new job will be remote I feel like I need somewhere other than my house to go to day to day or I will go bonkers. $700 seems to be the minimum to have a private office (rather than a desk in a co-working space bullpen), which I would need since I’m generally in meetings for hours a day for my role.
  4. Meal delivery ($800/month) – I probably won’t get this, but the idea of having pre-made, healthy meals prepped for my husband and me every day would be a dream. We could technically afford it, but that price would be for dinners only and would need to be doubled to cover all meals. I mean, maybe it’s worth it? We’ve been paying stupid amounts for takeout over the pandemic. I don’t know, this feels a step too bougie for me.

Personal

I am fully vaccinated (yay!). It’s been great going back out into the world. I’ve found going in public places strangely not at all weird. Like, it doesn’t feel like coming back home after a long time away, where things are in an uncanny valley of unfamiliarity. Instead, it just feels like, “oh I was in the movie theater last week” even though I know it’s been 18 months. It’s almost like time stopped during the pandemic. On the one hand, I’m happy because I thought I would be anxious going back into the world. On the other hand, I feel like I just wasted a year of my life with… nothing.

Still not pregnant (le sigh). I have been tracking my cycle using Flo and just realized I can also track days with intercourse as well. I figure it would be good to have that all documented in case we need to go see a doctor for infertility. We made the decision that if we haven’t conceived by September that we’ll go get checked out. I’m pushing down a lot of feelings on pregnancy stuff, mostly because I know there’s not much I can do about it. If it happens, it happens. If it doesn’t, we can adopt. Still, I feel like even after COVID-19 my life is on pause until we can expand our family with kids. More or less going through the motions.

How was your June?