This month’s net worth was up (luckily) even considering the dip in the stock market, and paying for two places to rent. My spending was not as tight as i’d like for it to have been, but who I am to complain so much?
Below is an image of my spending:
As you can see my rent was a bit insane at over $1300. Luckily starting in October my rent will go down to only $550 which is all inclusive. I was fortunate this month to have three paychecks as oppose to the usual two. As a result my income was up, and no other major expenses hit (cough cough.. insurance.. cough, i hate you). With that extra money I was able to weather the extra rent expense, and the higher than usual food expenses. Other notable expenses for this month was a travel visa to India, and a CPA expense to prolong my examination date.
Below is a chart of my net worth.
Most of my gains came in the liquid side of things, it seems like I stockpiled quite a bit of cash. On the retirement end, my mainly stock portfolio didn’t fair to well, although I’m glad to see that I didn’t lose money.
For the end of this year I’ve set a goal of achieving a net worth of $38,000. I’m on the fence whether I’ll be able to hit it or not, but try I will. Next month (now) I’ll have a large outflow for Insurance (thanks Statefarm..~$600), and will also have a large inflow ($2000). I might have an unusual expense for fixing up my apartment, but it should be low. With my new found savings (~$600) a month in rent / utilities, will be a large catalyst in making up the gap from where I’m at now to where I want to be at the end of the year. Wish me luck!
July was a good month after losing a couple of hundred dollars in June. This month I switched away from tracking expenses in Google Docs to using Mint. Below is a screenshot of where I’ve spent money.
July 2013 Spending Report
As you can see the main culprit for spending is my rent, currently at $800. Following that is my money pit of a hobby, traveling. Third up is food. My aim is to reduce rent over the following months by moving in with a room mate. As for travel, I may look into some other credit cards for some good deals. Ideally I should travel less, but considerable time will have to be spent pondering whether it’s worth it. Finally on food, I feel like ~$2XX is about right for a month. I try to eat eat out at least once a week, but for everything else I prefer to cook myself. I could cut the food budget down a bit, but I don’t think it would be worth it.
July 2013 Networth
From my networth statement you can see that I had a nice $1.6k for the month. A lot of it can be attributed to rising markets, and contributions to my roth 401(k). I suspect that in the future there should be larger monthly increases due to lower rent, and no utility payments. At the same time there is a $2000 liability for my sign on bonus that will be off my books on September 10th. That should be a nice boost to my net worth along with an extra paycheck in August. Overall, I’m happy that my investments are growing behind the scenes, and that I have a good cash buffer if anything should happen. Something to always remember, cash is king.
I was reading this thread on the everday system forums and it mad me start to think of rolling cleaning into the activity. So far I’ve created three chains on chains.cc, 14 minutes of the cleaning, shovelglove, and walking. I think adding to cleaning after the task is complete will help me get to my backlog of cleaning that needs to be done.
I was a bit motivated so decided to do my 14 minutes of cleaning a little earlier today, and it’s amazing how much you can get done when you aren’t distracted. I ended up cleaning my closet and had some spare time so went around my apartment picking up various items and putting them where they belong. Nothing fancy or hard, but definitely effective.
Let’s see how far I can go with this and if I keep it up.
This week was hectic!
Work is great, no problems there. It’s the CPA and learning to let go that are causing me stress. Rather, I’m over worrying about things (I didn’t say it..).
I’m taking BEC on the 19th (July that is) and I’m not feeling fantastic about it. Logically the worst that can happen is I fail, and statistically speaking I will fail. Still it’s hard to be stoic when all I want to do is pass all 4 parts, get my credits, and see adios to studying.. until my next certification comes up.
I was talking to my brother about medical school and he mentioned how one of his options will require 4 more months of work. I asked in the grand scheme of things, how much of a difference will 4 months make? The same with the CPA, in the grand scheme of things it’s not all that big of a deal if i do fail. It’s no reason to slack off, on the hand, there is no reason to worry about it.
Accounting isn’t the most fun thing in the world, and to be honest if I don’t become a CPA i won’t shed any tears. It’s more of a prestige thing for me if I decide to teach one day, being able to boast to those wide eyed kids that I, Ravi, have three letters after my name.
I’m signed up for the YMCA but I rarely have the time to go or the drive. Since I come home around 7ish after studying for the CPA, the last thing I want to do is change into gym clothes and drive for 10 minutes. Enter Shovelglove which was founded by Reinhard Engels.
Essentially Shovelglove is a series of exercises performed via sledgehammer for 14 minutes. You may be thinking that isn’t a lot of time or intensity but it is! I had to stop today at 12 minutes because I was exhausted. What appeals to me about Shovelglove is that I don’t have to spend 10 minutes going to the gym, nor does it cost a lot of money. Furthermore as Reinhard states, it isn’t about always growing, sometimes you’ll plateau and that’s perfectly okay. You’re fit, why do you have to keep on making gains?
I’ll be giving the system a shot for a month to see how things go, if it works out successfully I’ll save $40 a month, and about 3 hours a week in driving time.
If you’re interested in other everyday systems I highly recommend looking at the following, No-S diet, and UrbanRanger. I’m not always the best at following these systems, but if formed into habits I believe that they can be time effective and low maintenance. Kinda like passive investing
Have a great day everyone!
Most nights after work are spent still at work studying for the CPA. As it stands for dinner I’ll usually get something fairly healthy but pay an arm and a leg to obtain it from a restaurant nearby. It isn’t terrible but it can add up to over $100 after a month at $5 a day.
I propose the following, cooking something cheap to take into work for dinner every other day or 4 times a week. This *should* drastically lower that $100 and allow me to pocket some more change.
I already bring lunch into work and that’s been working out well. In addition to all that it will be a great way to keep some calories off as sedentary work doesn’t do well for the body.
I think the main takeaway (hehehe.. puns) is to try to save money but at the same time reward yourself for doing a job well done.
June wasn’t a good month from an investment perspective. Gold per the market lost a large chunk of its value, causing me to lose over $700 since I’ve owned it. On the taxable / liquid side it seems that my budgeting is fairly spot on to where all my discretionary income is going into investments, and all allocations are also spot on. I’ve seen for the last two months that my taxable accounts haven’t changed at all.
Eventually I’d like to allocate more money to retirement, but for now I’m very comfortable with how I’m living. I don’t own too much and don’t expect any large outlays in expenses. When my lease is up in september I’d like to entertain moving out and into an apartment with room mates to try and save some money. As it stands rent takes up almost an entire paycheck (ouch). Unfortunately small things won’t make up for such a big outflow.
Patience has never been abundant in my life. Usually thoughts have revolved around being a go getter. It’s interesting to talk about this because my first thought is to rush off to amazon and find a book on patience.
Work and the CPA are two things that are causing me unhappiness, both take up time, and both excluding money provide no value. Upon waking every morning no thought of what fulfillment lies in the day fills my thoughts, rather it’s how much opportunity is being wasted. Unfortunately, nothing is as value adding as making money at this point in time, but this rant is getting to long proportions.
Several minutes ago a friend of mine was advising to slow things down in regards to work, to not be so eager to find another company. He stated that things out there are bad, and he’s right. Up until now much focus has been put on leaving this company as things that are of value, have not been offered. Things like working from home every once in a while, or getting comp time for lots of overtime. Furthermore, personality wise, future looking is my niche as opposed to history.
It’s tough to wake up every morning knowing that there is six months left before any mobility can be achieved. This is where patience comes in. Six months from now my opportunities and skill sets will increase.
The month of February was good for the emergency fund, mainly due to a tax refund in the tune of $3000. Unfortunately a series of large purchases also took place. I ended up purchasing a mattress as sleeping on the air mattress wasn’t allowing to have a good nights rest, I also purchased a new phone as my old phone has a shattered screen, finally I made an insurance payment of around $400+.
With all that being said my budget is coming together, and I’ve set aside $100 / month for insurance, and $10 bi-weekly to go into my ATM account. While this may not be the smartest move I’d like to look into either purchasing a bike, or going to the gym as this would help with stress. Oh yes, one thing I forgot to mention is that I un-enrolled from the healthmiles program at my employer, it’s tedious to login daily and go for health screenings. It may be lazy, but having to make back money and get taxed on any proceeds just wasn’t worth it. Excluding all of the above, the only other thing noteworthy is that I’m waiting on my Georgia tax refund of ~$300+.
Right now for studying for the CPA i’ve been watching Becker lectures, following that I would try out some of the homework. I’m so very reluctant to admit that the wording is tricky and often times it does cause me to stumble. I was reading on the everyday systems forum that testing helps retain memory, for that reason I’ll be quit watching lectures.
When I was in school drilling problems and looking answers taught me the most, granted I didn’t know the very minute details of each theory, however I understood the overarching concepts. In others the picture was clear. I always wanted to say “in other words”, mission accomplished.
Moving on, I think I’ll be drilling problems and see how I end up doing. It’s about time I got into experimenting again. Waking up around 5ish, and heading into work at around 7ish seems like a good hour to practice. Currently too much time has been spent on reddit and other aggregation websites for me to be effective.
I’ll make sure to post some type of update on how I’ve been doing.