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Happy July!

June was my first full month self-employed and I’m happy to report that it was a pretty solid month!

General $ Updates

I opened a SEP IRA

I opened and started contributing to a SEP IRA with Fidelity. A SEP IRA does have contribution limits, but I know I won’t be contributing too much for the rest of the year.

So far I’m just investing in FXAIX.

I got the $250 bonus from my US Bank credit card

I opened this card a few months ago and had to spend $2,000 in the first 6 months to receive a $250 bonus. I like this card because I get 6% cash back on Amazon and Walmart as well as 3% cash back on gas. However, there is a $95 annual fee after the first year and I can only redeem the cash back as a statement credit…so I’m not sure yet if I’ll keep it.

Spending

Some main things to point out about my spending in June:

Business: This is much higher because of my $1,000 giveaway. I did pull from my business sinking fund to cover this though.

Personal: Over budget by quite a bit here, mostly because my sister and I ended up getting a piercing and that cost about $100 with everything.

Parking: Both at Ponce City Market.

Fun/Entertainment: I bought matinee movie tickets for my boyfriend and I to see A Quiet Place: Day One…very good movie!

Income

ONLINE/BUSINESS INCOME

Teachable: $37.56
Etsy: $111.87
Mediavine (display ads on LivinglikeLeila): $214.59
Buy Me a Coffee/Venmo: $222.72
Coaching: $1,025.00
Google AdSense (ad revenue from YouTube): $1,083.98
Affiliates/Sponsors: $2,030.96

Online/Business Income Total: $4,726.68

EXTRA INCOME

BOA Cashback: $5.18
Discover Cashback: $8.37
CITI Cashback: $18.95
Upside: $22.25
Refund (pair of shorts): $49.61
Medical Refund (x2): $50.00
Petsitting: $100.00
Discover Referral: $100.00
HYSA Interest: $135.78
Chase Referrals: $150.00
US Bank Cashback + Bonus: $271.86

Extra Income Total: $912.00

*Total Gross Income: $5,638.68

*I decided to start putting my gross income from all sources. This number does not reflect my taxes.

Net Worth

As of June 30th, my net worth is $115,918.32*. Up about 3.7% compared to last month!

*Does not include the value of my car (personal preference).

Roth IRA (VTSAX): $36,109.13 (up 3.1% compared to last month)
401k: $36,261.99 (up 5% compared to last month)
SEP IRA (FXAIX): $100.04
Vanguard Brokerage (VGT and VTI): $9,640.88 (up 6.3% compared to last month)
Coinbase: $38.54 (Down 26% compared to last month)

Sinking Funds:

• Emergency Fund = $13,966.59
• Gifts = $1,023.47
• Health Insurance Tax Credit = $2,475.99
• Car/Car maintenance = $4,114.29
• Travel = $6,094.14
• Car insurance = $129.71
• Business = $3,588.46

Sinking Funds Total = $31,392.65

Checking Balances as of June 30th: $2,375.09

I do not have any debt/liabilities.

Credit Score

My VantageScore is at 813.

JUNE Goals Update

• Make over $3,500 from business income ✅
• Save to the following sinking funds: Emergency Fund ($100), Gifts ($75), Car/Car Maintenance ($100), Car Insurance ($125) ✅

July Money Goals

• Make over $3,500 from business income
• Save to the following sinking funds: Emergency Fund ($100), Gifts ($75), Car/Car Maintenance ($100), Car Insurance ($125)
• Contribute $300+ to my SEP IRA