I can’t believe how time flies. I meant to post sooner, I really did, but things got crazy. I started school, and I still have a rental disaster and I started my remodel and my grandparents have been needing assistance and suddenly it’s June! I will get better at posting, I promise!
May has ended and wow, did it go by quickly! My expenses were all goofed up this month because I had a massive tuition bill come due and spent a few days traveling for work. But, let’s see how I did in my regular spending categories!
Eating out: $29.35
Natural gas: $2.11
Mortgage overpayment: $50
Remodel Loan: $237.50
My total savings for May is a measly $283.82. Over nine months I have saved $3,816.96 of regular spending and put that toward my medical bills.
I overspent a little on groceries with a trip on the last day of the month where I purchased some snacks and some items we have been enjoying a lot of lately. There was also a great deal on laundry detergent where I was able to get it for $3.75 for a bottle and I bought another bottle of that even though I didn’t need it (I have more than enough detergent to last another year now). I was going to have a super low spend month in eating out but then I bought dinner for everyone working a late night a rental and that food was well worth it. Gas spending was a little higher than I expected due to 330 miles of work driving, which is nearly a full tank of gas. I also bought gas for the tractor for a few months which I normally do not do.
My net worth increased by $6,925.52 for a total increase of $19,601. I see that number and it’s honestly a little shocking to me. I had set a goal earlier of increasing my net worth by $50,000 this year and if I can have another good month like I did in May (maybe?) then I could potentially reach my goal. I have outperformed my projections the last few months but I’m still projecting a shortfall of about $1,500 at year end. The big question will be whether I can keep my remodelling budget under control this summer to keep those numbers going upward.
And perhaps, most wonderfully on this journey, I have reached a tiny milestone where, if I were to stop today, I can withdraw $300 a month from my investment accounts using the 4% safe withdrawal rate. It isn’t much, but it’s a number I am relieved to see, considering how bumpy the road has been for the last year.