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June 2015 Results

July 6, 2015

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How did I do on my June budget? Check it out here, and share your budget successes with me in the comments @shoeaholicnomoreHey everyone! I hope you all had a good weekend and for those in the U.S.A – I hope you had a great Independence Day holiday too.

I enjoyed spending the weekend with my family and while I didn’t get a lot of relaxing or a lot of business done, I did get a lot of work done on my backyard project and I also helped my dad with a big project at their house too.

After a lack-luster May, my June was not much better. 🙁 But now that my big project is done and I’ll be paying my bills for it in the next couple of weeks, I feel like I’ll have a better handle on my finances again soon.

2015 Goals:

  1. Increase emergency fund savings account to $1,500. – Pass-ish – I increased my emergency fund by $36.12 in June. This is less than my monthly target of $83.33, but I think I can still meet this goal. There’s plenty of time left this year and I have put in more than necessary in other months.
  2. Demolish $5,000 worth of debt (principal). This works out to $416.67/month. ($5,000 goal includes mortgage debt pay down.) – Pass – I only had a small debt decrease of $228.58 this month due to my fence project. Luckily, I have paid extra in other months. So far this year I’ve paid off $3,241.38, so I’m still ahead of schedule on my goal for the year.
    1. This also includes paying off my 0% interest promotion for my computer by October 2015. – DONE!
  3. Paint and prep home office by April 13. (My birthday!) MUST BE USABLE BY THIS TIME! – DONE!
  4. Attend FinCon15 and pay for everything in cash! – Pass – I continued to save money for my trip to FinCon15. I have my conference ticket purchased. I booked my round-trip flight, and I have my hotel room reserved. I have enough saved up to pay for my hotel room and most of my other expenses too. FinCon15 here I come!
  5. Quit my full-time job by December 31,2015 to freelance full-time. (I may pick up some additional hours at my part-time job to help make ends meet for a while.) – Pass – I quit my PT job in June and I will have some more news about my plan to accomplish this in the next couple of weeks.
  6. Limit spending on clothing, shoes, and accessories to $500 for the whole year! – Fail – I’m not tracking this anymore.
  7. Get rid of more books throughout the year than I get. – Pass-ish? – I got rid of a ton of books in my garage sale. I have only gotten 2-3 new books this year.

Debt Totals:

5/31/2015 – $130,793.74 (including mortgage)
$15,621.34 (w/o mortgage)

6/30/2015 – $130,565.16 (including mortgage)
$15,609.17 (w/o mortgage)

Difference – -$228.58 including mortgage
-$12.17 w/o mortgage

Savings:

5/31/2015 – $848.83
6/30/2015 – $884.95
Difference – $36.12 Increase

Budget:

I’m not going to show you a table of my budget this month for a couple of reasons:

  1. It’s a huge hassle to put it together.
  2. I changed the way I budget anyway.
  3. It’s a disaster and I didn’t do a good job tracking my spending in June.

How was your June?

How did I do on my June budget? Check it out here, and share your budget successes with me in the comments @shoeaholicnomore
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Kayla

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

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19 responses to “June 2015 Results

    1. That’s what is keeping me going despite the last two dismal months. I’m ready to get back on track for sure!!

  1. It sounds like you accomplished a lot this weekend. We spent the 4th at the beach, which has been our family tradition for the past nine years. It looks like overall you’re doing well with your goals and budgets are often messy. But as long as you know what’s working and what’s not – that is all that matters. 🙂

  2. Congratulations on your progress! You’ll definitely achieve all of them this year. I hope you enjoy FinCon15 and hopefully I can attend FinCon16 🙂

    1. Yeah! That would be awesome Sylvia. Last year around this time I was bummed that I couldn’t go to FinCon14, but I decided then and there to start saving for FinCon15!

  3. Your number 6 made me laugh, Kayla. Don’t beat yourself up, you are making amazing progress! Look at all of that text you have crossed out. Way to go!

  4. You’re making great progress on your yearly goals! I also have some months where I’m not on top of tracking my spending, including this past month. It happens!

    1. I feel like a failure on that front, but you are right. I should be counting my progress with other things instead. 🙂

  5. I’m totally with you on wanting perfection… We need to remember to keep positive and admire the progress that we are making! 🙂

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