In Budget Roundups

June 2012 Budget Roundup = +$12,912.57 or 6.74%

LOOKING BACK

It has been a great month in general. I just felt good this month and laughed a lot.

(Have I ever told you how highly I think of Hugh Laurie, who plays Dr. House? I don’t watch ‘House’ any longer, but when I did, I was totally fooled into thinking he was American until I started watching interviews.

Such a fantastic, dry wit!)

HUGH LAURIE on ELLEN

American vs. British slang

…ย and this Dilbert comic:

INCOME = $11,085.49

  • Gross Income, not net!!
  • About $200 or so is from selling stuff…

EXPENSES = $5549.15

My expenses that say $15,041.44 every month areย very misleading sometimes.

I include government taxes (medicare, and social security for instance), savings and retirement in there, so when I remove them out, my actual expenses are around $5500 which makes me feel better.

I still save all my receipts when I shop so I can keep track of everything (very OCD).


NET WORTH = $204,569.44 an increase of $12,912.57 or 6.74%

THANK GOODNESS!!!!!!!

It was just a day ago I was at $199,950 and started scrounging around in my wallet to find more money, ANYTHING, even using balances on my Starbucks card to make my $200,000 net worth goal.

Turns out I had nothing to worry about.

My investments closed on Friday, and put me up by $4600 in a day and well over my $200,000 net worth goal.

I had already met thatย net worth goal in February 2012, but the stock market has been taking a beating since then.

The $12,000 increase is 50% stocks going up, and 50% actual savings.

NET WORTH IN REVIEW (MOST RECENT 12 MONTHS)

Let’s try and stay at $200,000 shall we?

TOP 5 CATEGORIES OF SPENDING

Yeah, don’t look at the Wardrobe line item.. *digs toe into dirt*

I haven’t received everything I bought, which means I can try it on and then return anything I don’t like.

Maybe it’ll be everything…..!

(Yeah right.)

LOOKING FORWARD

Save, save save!* is my motto for the rest of the year.

*Within reason. I’m not about to start shaving my head so I can save on haircuts.

I really need to try and stick to that and stop getting suckered into looking at stuff online and thinking:

OMG FREE SHIPPING AND RETURNS!?? Come to momma!!

So I made little charts of what I’ve been saving to motivate myself.

FIRST HALF OF 2012 NET SAVINGS IN $

Calculated by taking my gross income, removing taxes to get my net income, and then calculating how much I had leftover in my budgets each month along with retirement savings.

FIRST HALF OF 2012 NET SAVINGS IN %

This is the net savings in percentages against my net income, not my gross.

Really, net worth is more important to me, but it’s also nice for me to see how much I save each month, even if the stock market goes on a roller coaster.

It’s the actual SAVING that makes wealth possible. ๐Ÿ™‚

I’d like to see the bars and lines climb as high as possible, so I really need to dig deep and try to have another month like May where I didn’t buy much.

How did your June go?

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Sherry of Save. Spend. Splurge.

Millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. Since then, I have paid my $600K home in cash (my half was $300K), my $180K casr in cash, 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 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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8 Comments

  1. From Shopping to Saving

    Awesome month!!! I will have to say that June was so much better than July. July really hurt my bank account with all of those stupid medical bills I had to pay… urgent care, OBGYN, dental work, and optometrist… sigh =(

    Those vacay spots look heavenly. Maybe I’ll sit in my backyard with some cheese and crackers and close my eyes, and pretend I’m somewhere else. You think that will work? Lol

    Reply
    1. Mochi & Macarons

      June was a dream compared to May.

      My July isn’t too shabby either but I have gotten LAZIER and have been spending more….
      I always thought pretending to be somewhere else would be heavenly like a staycation.

      Reply
  2. Mochi & Macarons

    Hahahahhahaha!!!! ๐Ÿ™‚

    But your bag is really nice. Well worth the money I say.

    Reply
  3. Mochi & Macarons

    That is surprising. They are SUCH good actors then because their accent is flawless.
    Hugh Laurie also has a jazz album out and I think it is great how versatile he is, but I found his voice to be at a tone I don’t enjoy listening too. A shame. I really wanted to love it!
    I would love that vacation spot as a way to relax!

    Reply
  4. Bridget

    bahahaha hilarious post. I love those vacation photos — where is the first one??

    Thanks for the shout out ๐Ÿ˜‰ can’t wait to see this $1300 worth of clothes!

    Reply
    1. Mochi & Macarons

      What first one?

      I bought some stuff and posted it in my last post of what I bought at the end of June.

      Reply
  5. Leigh

    OMG I can’t decide which of your pictures I liked better… I think it’s the Grandma in court one ๐Ÿ˜‰

    WOOT at your net worth increase!!! +$13k is awesome. I was $30 or so short of my $100,000 net worth goal one month last fall and that drove me bonkers because I’d taken $60 out of the ATM a few days before the end of the month and still had $40 in cash in my wallet, but I don’t count physical cash in my net worth.

    Net worth is important to me too, but I prefer to set savings goals since I can’t control what the stock market does, but I can control how much I save/invest/pay down the mortgage.

    My June went pretty well, considering the fact that I closed on a condo! I had a very respectable $5k increase.

    I can’t believe your net worth increase was higher than your gross income! That’s pretty awesome.

    Reply
    1. Mochi & Macarons

      Thank you ๐Ÿ™‚

      I always count physical cash because it is ‘liquid assets’.

      I would have gone to the bank to deposit it back ๐Ÿ˜‰

      This month was an AWESOME month. I couldn’t believe it myself when I checked my investments and they went up a rocking $4600. I almost fell off my chair.
      You’re absolutely right about the savings goals. I am trying to set one each month but I don’t want to deprive myself ๐Ÿ˜‰
      Still, it would be killer to save a lot this year.

      Reply

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