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Happy April!!
As I mentioned in last month’s update, I had some exciting financial plans for March!
General $ Updates
I’m done saving for my student loan debt!!
I know you see a little bit of debt hanging on in my title, but I’m considering this phase in my life complete!
I used a bit of my emergency fund to complete my student loan debt savings. Since student loans have been in forbearance and at 0% interest, I’m keeping all of this money in my high yield savings accounts until payments resume.
They’ll be gaining quite a lot of interest over the next few months that I actually expect the balance to go over $36K. Anything over that amount I will either put toward other savings goals or investments!
I received my bonus from my full time job
I received my first ever bonus! It was a 5% bonus (the highest we can get is 10%, but I didn’t hit my hours in 2022). This helped me to replenish my emergency fund right away.
Debt
I started the month of March with my official debt at $36,000 and ended with $36,000. However, I technically started at $6,171.33 if you consider the money I have saved to pay those loans down.
In March I saved an additional $5,638.91 for my student loans (bringing my total saved to $35,595.33) so my final debt for February would be $404.67.
I still have paid $0 in interest 😊 I did gain $127.75 in interest, plus a $150 bonus from my HYS accounts!
Spending
Some main things to point out about my spending in March:
Student Loans: This was lower than expected, but only because I had ended up saving more at the end of February.
Business: I was supposed to make a larger purchase in March, but I was confused by it and wanted to do some more research. I’ll likely push that purchase into April.
Andrettis: Andrettis is an indoor karting and game place. I knew I was going here in March, but didn’t budget for it for some reason. I paid for myself and my boyfriend.
Personal: I am doing a low spend year for 2023, which means no “personal” spending. In Colombia I ended up buying something for myself, but at least it wasn’t too much!
Income
Full-time job (analyst/consultant) – Take home: $5,452.70
ONLINE/BUSINESS INCOME
Teachable: $38.37
Coaching: $50.00
Etsy: $296.49
Mediavine (display ads on LivinglikeLeila): $320.79
Buy Me a Coffee/Venmo: $688.26
Google AdSense (ad revenue from YouTube): $1,043.43
Affiliates/Sponsors: $1,624.19
Online/Business Income Total: $4.061.53
EXTRA INCOME
Discover Cashback: $15.06
CITI Savings Bonus: $150.00
Capital One Travel Credit: $300.00
Chase cash back: $306.01 (includes 3 referrals)
Extra Income Total: $771.07
Total Income: $10,285.30
Net Worth
As of March 31st, my net worth is $40,569.91. Up about 20.5% compared to last month!!
Total Assets = $76,569.91
Total Liabilities = $36,000
Net Worth = $40,569.91
Roth IRA (VTSAX): $14,530.62 (up 2.4% compared to last month)
401k: $8,493.47 (up 14.7% compared to last month)
M1 Invest (VTI): $5,991.41 (up 2.2% compared to last month)
Coinbase: $399.40 (up 21.8% compared to last month)
Sinking Funds:
- Emergency Fund = $3,664.83
- Gifts = $326.41
- Beauty = $1,289.79
- Car/Car maintenance = $2,058.28
- Travel = $4.15
- Car insurance = $100.67
- Sabbatical = $14.41
- Furniture/Home = $0.40
- House Down Payment = $0.74
Sinking Funds Total = $7,459.68
Credit Score
My VantageScore is at 801 which is up a couple points from last month! I’ve never been in the 800s before 😊
March Goals Update
- Reach $36K saved for my student loans CHECK
- Get rid of 50 things CHECK
April Money Goals
- Get my Emergency Fund back to $6K
- $500 to my Roth IRA
- Get rid of 50 things
