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Hello July!
July is one of my favorite months because it’s my birthday month and I love the Summer time! I’ll be 30 this year 😊
June was a GREAT month for me financially and I’m so, so grateful for all the good things happening and progress I am making.
General $ Updates
I maxed out my Roth IRA!
Yay!! Big goal achieved and early on in the year! This is only my second time ever maxing out my Roth IRA.
I wanted to max it out asap so my money is in the market longer AND so I can move on to focusing on my next goal (my emergency fund). I am continuing to invest in my 401(k) and a little bit to my brokerage!
I moved $45 from my student loan debt savings to my emergency fund
In June my student loan savings surpassed $36K by about $45. I only need the $36K so I transferred it to my emergency fund!
I opened another checking account (Fifth Third bank)
I received a promo in the mail for Fifth Third bank where I could open a checking account, direct deposit $3,000 within 90 days, and I get $450. Y’all know I’m a sucker for these promos so I’m excited for that bonus!
I increased my 401(k) contribution to 10%
After maxing out my Roth IRA I decided I felt comfortable bumping my 401(k) contribution from 6% to 10%. My company matches 6%.
I received a $3K refund from my apartment
I was expecting to receive my apartment deposit check refund, but I wasn’t expecting to see $3,000 when I opened the check!! I called them right away and said I didn’t think it was right, but they said it was correct. She even asked the manager to confirm and she said so as well.
I’m taking it as a blessing and of course I just put it in my savings anyway. If I do end up having to pay it back I’ll have the money there.
Spending
Some main things to point out about my spending in June:
Brokerage: I didn’t budget for this initially, but I received about $200 in direct support so I decided to invest it in my brokerage! This all is invested in VGT.
Household: This includes light bulbs, water filters, a cutting board, and a lamp for my office.
Car Emissions/Registration: I typically go do these in July (last minute), but I definitely need to give myself a few weeks and get it done in June from now on.
Personal: This was literally all underwear lol
Income
Full-time job (analyst/consultant) – GROSS: $5,880
ONLINE/BUSINESS INCOME
Coaching: $50.00
Etsy: $84.13
Mediavine (display ads on LivinglikeLeila): $167.89
Buy Me a Coffee/Venmo: $195.75
Google AdSense (ad revenue from YouTube): $1,141.26
Affiliates/Sponsors: $1,626.71
Online/Business Income Total: $3,265.74
EXTRA INCOME
CITI Cashback: $16.00
Amazon giftcard: $25.00
Upside: $33.60
Google Fiber refund: $44.00
Facebook marketplace (mattress): $120.00
Chase Checkin Referrals: $300.00
GA State Tax Refund: $735.00
Apartment Deposit Refund: $3,000.00
Extra Income Total: $4,273.60
*Total Gross Income: $13,419.34
*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 June 30th, my net worth is $58,193.92. Up about 21% compared to last month!
*Total Assets = $94,193.92
Total Liabilities = $36,000
Net Worth = $58,193.92
*Does not include the value of my car (personal preference).
Roth IRA (VTSAX): $22,750.28 (up 10% compared to last month)
401k: $11,732.41 (up 15.5% compared to last month)
M1 Invest (VTI): $6,517.65 (up 6.7% compared to last month)
Vanguard Brokerage (VGT): $209.59
Coinbase: $422.10 (up 11.7% compared to last month)
Sinking Funds:
- Emergency Fund = $10,999.38
- Gifts = $556.29
- Beauty = $228.99
- Car/Car maintenance = $2,382.79
- Travel = $4.19
- Car insurance = $101.97
- Sabbatical = $14.57
- Furniture/Home = $0.41
- House Down Payment = $0.74
- Student Loan Savings = $36,134.52
Sinking Funds Total = $50,423.85
Credit Score
My VantageScore is at 804 which is a few points up compared to last month!
June Goals Update
- Max out 2023 Roth IRA ✅
- Save at least $1K to emergency fund ✅
July Money Goals
- Put at least $2K to my emergency fund
