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Happy August!
General $ Updates
I completed my emergency fund (for now)
My emergency fund goal for the year was $12,000. I’m very happy to say that is now complete!
Eventually, I will add more to this.
I moved $134 from my student loan debt savings to my emergency fund
Just like last month, I moved money from my student loan debt savings to my emergency fund because I only need $36,000. This time I had $134 to roll over! High yield interest savings accounts are amazing!!
I’m sponsoring an event as Debt Over It!
This is a huge first for me!! I am sponsoring a 5K run in September that benefits a local animal rescue!
All of my funds support the event/rescue AND my logo will be on the race t-shirt and I get to put “swag” in the runner’s bags. I am putting pens with my logo, business cards, and a flyer with a discount for my services!
Spending
Some main things to point out about my spending in July:
Furniture Fund: I didn’t think I would be done with my emergency fund at this point, but since I hit that goal I moved on to the next! That would be saving for furniture/home stuff for the house. I’ll start making these purchases in 2024 (maybe Black Friday 2023).
Brokerage: All direct support 🙏🏻 All invested in VGT.
Household: We ended up buying a microwave during the 4th of July weekend! Also got some dish and hand soap.
Business: Most I’ve invested in my business ever! As I mentioned in my updates, I’ll be sponsoring an event!!
Income
Full-time job (analyst/consultant) – GROSS: $5,880
ONLINE/BUSINESS INCOME
Mediavine (display ads on LivinglikeLeila): $129.53
Buy Me a Coffee/Venmo: $297.85
Etsy: $406.96
Coaching: $488.77
Google AdSense (ad revenue from YouTube): $1,194.28
Affiliates/Sponsors: $3,395.05
Online/Business Income Total: $5,912.44
EXTRA INCOME
Chase Cashback: $10.89
CITI Cashback: $23.11
IBotta: $24.65
Chase Checkin Referrals: $100.00
Birthday Cash: $150
GA State Surplus Refund: $250.00
Extra Income Total: $558.65
*Total Gross Income: $12,351.09
*I decided to start putting my gross income from all sources. This number does not reflect my taxes or 401k contributions.
Net Worth
As of July 31st, my net worth is $65,702.64. Up about 13% compared to last month!
*Total Assets = $101,702.64
Total Liabilities = $36,000
Net Worth = $65,702.64
*Does not include the value of my car (personal preference).
Roth IRA (VTSAX): $23,562.18 (up 3.6% compared to last month)
401k: $13,035.38 (up 11.1% compared to last month)
M1 Invest (VTI): $6,756.42 (up 3.7% compared to last month)
Vanguard Brokerage (VGT): $682.35 (up 225.6% compared to last month)
Coinbase: $406.52 (down 3.7% compared to last month)
Sinking Funds:
- Emergency Fund = $12,046.36
- Gifts = $633.59
- Beauty = $305.02
- Car/Car maintenance = $2,394.98
- Travel = $4.21
- Car insurance = $202.55
- Sabbatical = $14.63
- Furniture/Home = $4,356.80
- House Down Payment = $101.01
- Student Loan Savings = $36,138.84
Sinking Funds Total = $56,197.99
Credit Score
My VantageScore is at 804 which is the same as last month!
July Goals Update
- Put at least $2K to my emergency fund ✅ (Well, I actually only needed to put <$1K to my EF to complete it. After that I started focusing on my furniture fund!)
August Money Goals
- Put at least $2K to my furniture fund
