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July went SO fast, I can’t believe it’s August.
July was a much stronger month for me financially, mostly because I had a lot of roll-over money in my checking account from my emergency fund and sinking funds.
I hit a few milestones this month and I started my second no spend journey.
General $ Updates
I reached over $6,500 saved for my student loans
HUGE milestone!! This means that if I applied this money to my student loans, my balance would be below $30,000!!
I successfully completed month 1 of my No Spend 6 months
I purchased a few things that you could consider “unnecessary” such as travel and parking, but I don’t mind spending on those things for this.
I started the month of July with my official debt at $36,000 and ended with $36,000. However, I technically started at $31,996.86 if you consider the money I have saved to pay those loans down.
In July I saved an additional $2,736.42 for my student loans (bringing my total saved to $6,743.91) so my final debt for July would be $29,256.09.
I still have paid $0 in interest 😊
Some main things to point out about my spending in July:
Roth IRA: I usually only contribute $150 to my Roth IRA, but for my birthday I received $250 in cash. I decided to invest it all!
Groceries/Food Out: So I was quite under budget for food out. I think I only went grocery shopping 3x in the month. However, I was WAY over budget on food out which isn’t normal for me. This is from traveling and just going out more on the weekends in the month.
Business: I ended up spending less on email services, but also hosted a $100 giveaway on my YouTube channel so it was a bit over budget!
Full-time job (microbiologist): $5,134.44
Google AdSense (ad revenue from YouTube): $592.37
Financial Coaching: $200.00
Mediavine (display ads on LivinglikeLeila): $133.59
Buy Me a Coffee: $63.26
Online/Business Income Total: $1,002.63
Discover Cashback: $16.62
Chase Cashback: $25.16
BOA Cash Rewards: $28.13
SimplyCodes User Testing: $170.00
Birthday Cash: $250
Extra Income Total: $489.91
Pre-Tax Total Income: $6,626.98
As of July 31st my net worth is -$9,189.60!!!! Finally above -$10K!!! Woo hoo! My highest net worth ever.
Roth IRA: $7,710.81
M1 Invest: $1,916.28
- Taxes = $1,658.83
- Emergency Fund = $2,670.64
- Gifts = $420.51
- Medical/Dental = $0.99
- Car maintenance = $737.43
- Travel = $34.10
- Car insurance = $480.69
- FinCon = $1.19
- Phone = $271.48
- MacBook = $300.54
My VantageScore increased by another 3 points to 766!!
July Goals Update
- Put at least $1,500 to my student loan savings (CHECK, I went WAY above this and put over $2,700)
- Make over $1,000 online (CHECK, right above it at $1,002!)
- No spend month 1 (CHECK)
August Money Goals
- Put at least $1,000 to my student loan savings
- Make over $1,000 online
- 1-2 new financial coaching clients
- No spend month 2