Hey 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.
- 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.
- 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.
This also includes paying off my 0% interest promotion for my computer by October 2015.– DONE!
Paint and prep home office by April 13. (My birthday!) MUST BE USABLE BY THIS TIME!– DONE!
- 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!
- 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. Limit spending on clothing, shoes, and accessories to $500 for the whole year!– Fail – I’m not tracking this anymore.
- 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.
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
5/31/2015 – $848.83
6/30/2015 – $884.95
Difference – $36.12 Increase
I’m not going to show you a table of my budget this month for a couple of reasons:
- It’s a huge hassle to put it together.
- I changed the way I budget anyway.
- It’s a disaster and I didn’t do a good job tracking my spending in June.
How was your June?