As of June, 1st 2022. My net worth is -19029. A 4766 increase from last month.
This is how it is currently distributed.
Checking:
- Current Value: 5037
- Change from last month: -783
High Yield Savings:
- Current Value: 1602
- Change from last month: +750
403(b):
- Current Value: 10069
- Change from last month: +2028
ROTH IRA:
- Current Value: 20009
- Change from last month: +271
Student Loans:
- Current Value: -55746
- Change from last month: +2500
Financial Goals:
- Networth of 0 before 2023.
- Paid off student loans before 2025.
- 100k in investable assets before 2025.
The month of May had a lot of one-off expenses. All of my closest friends are getting married this summer, so I spent quite a bit on suit rentals, jack and jill tickets, and gifts. I also bought all sorts of nursery plants to kickstart my garden beds. Bill-wise, I had to renew 3 annual prescriptions in addition to my usual monthly bills. As a result, my discretionary spending for this month was off the charts. Not including my contributions to retirement accounts, rent, loans, and bills, I spent nearly 2000 dollars. Nearly double than I would like to on average. As a result, my checking account took a hit. My automated contributions still drove my net worth up an additional $4750.
This past week I received the good news that my job will start offering weekend hours to pick up. There is no overtime pay, but it will allow me to continue to grow my income 8 hours at a time.
This will certainly help keep my net worth jumping each month and counteract the cost associated with all the events in the coming months.
My goal for next month is to reel in discretionary spending.
