In Budget Roundups

January 2012 Budget Roundup = +$27,299.72 or 17.59%


This 2012, it is the Year of Rebuilding my Net Worth.

Last year (2011), I had gone on a year-long trip to Asia and Europe, and spent quite a hefty chunk of change.

Check it out!

As a result, my net worth dipped by about $33,000 and this is the time to rebuild everything I spent.

I started the year with $155,000 as my rough net worth, and my initial goal was to manage to go back up to $200,000 in net worth — I had briefly flirted with the $200k mark some time last year before I went on a Year of Spending Spree.

Now, it looks like I just might hit that $200,000 mark sooner than I thought, so I may have to increase that goal to $250,000 perhaps. I’ll probably come close to that number, but not actually manage to hit $250,000 this year.

Even so, my January 2012 was not as save-y as it could have been, I’m actually quite disappointed in myself.

INCOME FOR JANUARY 2012 = $22,500

EXPENSES FOR JANUARY 2012 = $2659.50


I could have done better, but I was obviously still teetering on the wagon.

Now, I am hoping I am FIRMLY on the wagon and not going to fall off again for the want of a beautiful, ivory cashmere wrap (besides, I already bought one 😉 ).


NET WORTH FOR JANUARY 2012 = $182,516.77

My net worth went up by about 17.59% which is nothing to sneeze at.


See? Briefly flirted with the $200,000 net worth in February 2011 and March 2011, but I didn’t manage to keep the position as I had taxes to pay.


In February 2012, I am hoping for 2 major things:

  1. To finally score that consulting job in the U.S.
  2. To not spend as much as I did this month.

My prospects look great for #1, but #2 may be a bit trickier. I still have these expenses coming up:

  1. $20,000 in taxes
  2. Moving/Relocation Costs (includes renting a car & staying in a hotel)
  3. Purchasing a (second hand) car (yes, it’s a necessity; public transportation is lousy/non-existent)

As for when I get a job?

The good news is that my preliminary budget for working will be spending around $1700 for a basic budget including rent, food, car insurance, gas, and other.

The even better news is that I am hoping that I’ll be able to bank $4250 – $5000 a month in savings, depending on how my projects pan out.

I could be saving $51,000 – $61,000 a year, net of taxes.

Anything that is a bonus from the company for performance, will be truly.. a bonus. I don’t count on anything but my base salary as my real income.

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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