February 2017 Budget Roundup
Semi-Emergency Mode Activated!
So near to the end of this month, I instituted a temporary Semi-Emergency ban on spending. If I go any longer than a year without working, I will go into Full Emergency ban, and then after the third year of not working, I’ll consider very strongly, becoming an employee.
*sob* Don’t make me do it.
Anything but this!
Why? How? What Happened!?
Well… I forgot that we had promised each other we wouldn’t travel any longer while Baby Bun was living at home.
*digs toe into ground*
We both want to be parents who parent together and do not leave for work for long periods of time.
Being single parents during the week would suck for both of us.
We have seen in our colleagues and friends what it does to their spouse, and children, and it is really tough on the whole family. If we had no choice, we’d do it, and we are okay with each other doing SHORT traveling stints, but nothing that is long-term (more than a month).
As a result, that means I am limited to working in only one city, when before I would be able to drift off to any other city to work without an issue. The average duration I worked in one city before finding another job in the same city, was about 3 years. In the meantime, I had gone to work in other cities and traveled…
I forgot about that part. Ugh.
What’s the good news?
- I get to hang out with Baby Bun more. I am going to appreciate this time watching my baby grow into (now) a little boy…
- I am going to keep busy with my DIY projects but also am trying to find more vegan / vegetarian recipes which means my other new little hobby is cooking
- I am mortgage-free. A reader asked a good question about whether I regretted my condo purchase, and I do not. With the purchase I tied up capital yes, but I also dropped my living expenses by half which is significant.
- I have money saved that I budgeted for (using this) to see me through the next 2+ years of not working, if I lower my spending (which is what I am doing)
- I’m consistently bringing in money on the blog now at about $1000 USD/month which will help. How? Find out more with my book here.
- More blogging on Save. Spend. Splurge. YAY! 🙂 Did you see? I’m starting a tour of my apartment.
- If it gets really bad, I’ll become an employee. It won’t be for minimum wage either, the minimum salary I’d be able to get is $100,000 which is nothing to sneeze at but it would mean I’d have to travel (no choice in the matter with a company) and I’d be working for managers again. *dread*
So, not that bad overall.
Just a bit of belt-tightening to wait out this wave, and my Plan B to turn into an Office Drone is in place if things get rough.
INCOME = $1048.23
I budget and track all of my expenses using The Budgeting Tool, of which its net profits I donate to a charity of my choice as I had promised many moons ago that I would do.
Affiliate Revenue: $340.44
Product Revenue: $275.02
Save. Spend. Splurge. Products sold, include:
- The Investing Tool
- Book: How to start a blog and make an extra $1000 a month
- Book: How to invest your money forever and spend less than 4 hours a year (U.S. & Canada versions available)
EXPENSES = $4719.28
As I mentioned in my Semi-Emergency Mode post, this month the tax bill hit and I also paid for a week-long stay for my family in the city.
For this second year of not working, I will not skimp on gifts or on vacations (cheap and cheerful visiting-the-family kinds of vacations, mind you), but if we go into Year Three, yes, Gifts will be significantly slashed down.
Next month I plan on paying for our vacation back to Europe for the summer which I had already planned for.
TOP 5 EXPENSES
NET WORTH = $496,411.83 or a decrease of -0.37% or -$1848.90
I expected this. I didn’t institute a ban on spending until near the end of February, so a lot of purchases have snuck through but have yet to make their way up into my hot little paws for next month.
NET WORTH FROM THE PAST 12 MONTHS
DIVIDEND INCOME = $816.62
To get these posts out in a timely manner, my dividend income will be one month behind. I only have the numbers for January, and I made $816.62 in dividends which I immediately plowed back into buying more stock.
BABY BUN’S NET WORTH = $16,925.76
This cute little Bun however, has been rocking the stock market as of late. O_o
He has more than I ever did until I was about 25. My debt-free budgeting story can be seen in pictures & charts here.
His strategy for investing is detailed and outlined here: How to invest your money forever and spend less than 4 hours a year.
So not spending has been sucking less than I expected. I thought I would be crawling the walls but the weather has been warming up, which means we may be making more forays outside to play in the park and enjoy fresh air instead of climbing the walls in boredom and desperation.
YAY FOR SPRING!
I have also been spending a lot of time doing even more DIY, Instagramming more (e.g. videos!!) and will be talking more about how we live as minimalists. I thought I had a lot of stuff, and we had a lot of junk but from your comments, it turns out that we aren’t as cluttered as we think.
I guess it’s all relative to what you see and know. I have extremes in my family.
Here’s the sneak peek at next week’s post on my home:
P.S. Here are all of my budget roundups in case you want to peruse over previous months.