Happy July!
July is my birthday month ๐
I also feel like it’s going to be a good one!
I am still working from home with no word on when we’re going back. I’ve still been good though.
I’ve developed new routines and have just really been enjoying the simple things in life.
I didn’t make much progress on my debt this month, but I’m not worried about it! Besides, I’m doing that intentionally.
I was able to save a large amount to my emergency savings and I’m excited to see it continue to rise.
DEBT PAYMENT/INCOME SPREADSHEET
CURRENT FICO SCORE: 764
CURRENT DEBT: $48,093.31
ROTH IRA VALUE: $3,472.07
FINANCIAL UPDATES
My credit score went up 1 point
My score has been quite steady these days (not complaining), but it went up 1 point because a hard inquiry was removed from 2 years ago!
I saved $900 to my emergency fund
Since I decided I would take of the student loan forbearance, I’m able to save my minimum student loan payment plus whatever income I have left over at the end of the month.
June happened to be $900 and I think I’ll be able to keep this up through September!
I got my raise at work
Yay for a pay raise!! I mentioned it a couple of months ago but I got a $3,300 annual pay increase. Every little bit helps and I’m SO grateful for this, especially considering everything still going on.
For June it was prorated, but by next month it will be the full amount.
I only paid $34 in interest
The only interest I’m paying at the moment is for my car. Obviously I don’t have any credit card debt and student loan interested is waived through September.
Compared to last year or even a few months ago this is WAY lower.
It’ll go back up after September but hopefully under $100 per month.
I broke my No Spend rules again
I’ve been doing great overall on my No Spend Year (here is a 6 month update), but in June I did buy BCAAs and a hair oil. Not necessary for sure, but also not overboard so it’s OK.
SPENDING
Taxes: ($1000) I put this money into my High-Yield Savings account until I have to pay taxes.
Sinking Funds: ($400) My sinking funds include car maintenance, vacation, gifts, medical/dental, and my emergency fund.
Investing: ($100) Last month I transferred my Roth IRA to Vanguard and contributed $300 so I could invest in VTSAX.
Donate: ($65) Every month I donate at least $50. This month I donated $50 to The Bail Project and I also purchased something for a homeless gentleman.
Rent: ($1,346) My rent for a one bed, one bath apartment near Atlanta, GA.
Renter’s insurance: ($15.50) I am required to have renter’s insurance for my apartment.
Trash: ($35) Valet trash is mandatory at my apartment. Dumb, I know.
Wi-fi: ($55) I have Google Fiber.
Electricity: ($71.86) My electricity bill. Higher than usual because I’ve been home every day.
Water/Sewage: ($41.12) My water/sewage bill.
Food: ($333.28) This is all on groceries and food out.
Gas: ($13.19) I got gas once and haven’t been driving much.
Car: ($382.55) My minimum car payment.
Student Loan Debt: ($0) As I mentioned, student loan interest and payments are deferred right now. I decided not to put anything toward my student loans.
Insurance: ($147.15) This includes vision, dental, and life insurance. I have health insurance through work on top of my salary which is really nice.
Health: ($194.01) This includes my Ritual multivitamins ($32.40), B-12 ($11.61), Hospital bill ($100), Dermatologist co-pay ($40), prescription ($10).
Phone bill/car insurance/Dogs: ($230) My sister pays my phone bill so I pay her for that. I also pay for my dad and step mom’s phone bills because my dad pays for my car insurance…the costs basically equal out. I pay an extra $50 to help her out with our dogs. My dad and stepmom paid off their phones so I offered my dad the $50 difference each month but he said to save it, which I’m so grateful for.
Business: ($46.99) This includes paying for Tailwind and GSuite. I also bought a memory card for my camera and had some things printed for promo purposes.
Spotify: ($9.99)
Curtains: ($12.00) I purchased black out curtains, command strips, and a curtain rod for about $70. However, the command strips would not hold the curtain up so I returned the curtain and got about $58 back!
Beauty/Personal Hygiene: ($48.15) I purchased 2 deodorants (expensive, natural ones), body wash, shampoo, and conditioner.
Glue: ($5.37) I know this is so random but my living room table broke so I got some Gorilla Glue Epoxy to fix it!
Hair oil: ($7.50) I bought shampoo and conditioner (which is a necessity) but the same brand has a hair oil in the same scent and it smells heavenly so I bought it (not necessary).
Excluding my savings and debt I spent a total of $2,731.45.
As always, I upload videos every month with all this info on my Personal Finance YouTube channel!