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Happy June!!
General $ Updates
I got my pay increase (promotion)
As I mentioned last month, I got a promotion! That role/pay increase started May 1st, so my pay increase applied to both of my pay checks. I did get a 12% raise so of course my 401(k) contribution increased and so did my taxes.
I’m all moved in
Moving day went pretty smoothly and I settled in/adjusted pretty quickly. This move also helped me to declutter a ton and I even made some profit from selling things!
I re-allocated my 401(k)
When I first enrolled in my company’s 401(k) plan I selected the “riskiest” investing option and have kept it at that. I was contributing to quite a few Vanguard funds, but that included some bonds and funds with higher expense ratios. I decided I wanted to create my own portfolio to see more growth.
I ended up re-allocating 50% to VFIAX and 50% to VIGAX.
I switched car insurance
I’ve been with Geico for a couple years, but since I moved they were going to increase my 6-month premium by over $200. I decided to shop around and ended up switching to Progressive.
My coverage is the same and I paid $596 for 6-months of coverage. I also got a $300 refund from Geico!
Spending
Some main things to point out about my spending in May:
Roth IRA: Almost all maxed out 😊
Personal: I used my $120+ worth of Hollister gift cards to get some Summer clothes and had to use $15.58 to cover the remainder.
Car Insurance: I mentioned this above, but I did end up switching to Progressive to save quite a bit of money!
Travel: My boyfriend and I ended up booking a trip to Costa Rica. 🙌🏻 This is my 30th birthday/debt free trip really. My boyfriend paid for our flights and the $525 is half of our Airbnb, HOWEVER, I redeemed my cash back on my Capital One Venture X card and was able to cover this purchase completely (that is accounted for in my extra income).
Income
Full-time job (analyst/consultant) – GROSS: $5,880
ONLINE/BUSINESS INCOME
Coaching: $50.00
Buy Me a Coffee/Venmo: $100.00
Etsy: $120.61
Mediavine (display ads on LivinglikeLeila): $158.15
Affiliates/Sponsors: $1,019.88
Google AdSense (ad revenue from YouTube): $1,155.04
Online/Business Income Total: $2,603.68
EXTRA INCOME
Discover Cashback: $7.83
Bank of America Cashback: $12.74
Chase Cashback: $15.51
IBotta: $22.85
CITI Cashback: $28.00
Rakuten: $31.62
Mercari: $37.08
Capital One Checking Referral: $50.00
Renter’s Insurance Refund: $67.00
Upgrade Referrals: $101.09
Ebay: $231.47
Car Insurance Refund: $300.13
Capital One Cashback: $525.60
Extra Income Total: $1,430.92
*Total Gross Income: $9,914.60
*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 May 31st, my net worth is $48,000.71. Up about 8% compared to last month!
*Total Assets = $84,000.71
Total Liabilities = $36,000
Net Worth = $48,000.71
*Does not include the value of my car (personal preference).
Roth IRA (VTSAX): $20,683.22 (up 21.8% compared to last month)
401k: $10,162.67 (up 10.2% compared to last month)
M1 Invest (VTI): $6,107.97 (up 0.4% compared to last month)
Coinbase: $377.95 (down 7.7% compared to last month)
Sinking Funds:
- Emergency Fund = $6,108.42
- Gifts = $479.36
- Beauty = $153.28
- Car/Car maintenance = $2,274.10
- Travel = $4.18
- Car insurance = $1.78
- Sabbatical = $14.52
- Furniture/Home = $0.41
- House Down Payment = $0.74
- Student Loan Savings = $36,045.16
Sinking Funds Total = $45,081.95
Credit Score
My VantageScore is at 801 which is one point down from last month.
May Goals Update
- Reach $4K contributed to my 2023 Roth IRA CHECK
- Get rid of 50 things CHECK
June Money Goals
- Max out 2023 Roth IRA
- Save at least $1K to emergency fund
