FIRE Update 3: June

We are at the beginning of July and that means that the paycheck has rolled in, the investments are transferring and I have to look through my finances anyway. It is the perfect time to review my journey and just keep myself accountable.

What happened this month?

I’ve been vacationing in my home country for a little over two weeks now, but I am still working on the side – with plenty to do, which has been super nice. Overall, things are progressing, albeit quite slowly. Since I am staying home, my only real expenses are related to entertainment and eating out with friends – so as long as I keep it at a reasonable level, I reckon it will be a low-spend month.

The extra loan scheme has been extended once again by my home country so I am taking out the maximum amount to pay off the more expensive tuition fee loan. However, my net worth has gone in the right direction this month, which is super great and hopefully it will continue.

Savings

My general/apartment savings are currently $3,913.
I am saving up for my internship in Brussels in September. My goal is $1,500 and I have finally reached my savings goal. It was a crazy increase, thanks to extra work on the side and keeping costs down. Now I will focus on paying down debt and save up for some travelling in autumn – I’ll still need a goal for that, but I will probably just pad the same account with some extra $$.

Investments

My current investments are $3,432 out of my $33,000 goal.
My net worth is $-40,179.

Debt repayment

My current tuition fee debt is $45,700.
I owe myself $752.

Books I’ve read and texts I’ve written

I have written two blog posts here, and then I actually got an opinion piece posted in a Danish national newspaper, which isn’t really related to anything on this space, but I am very happy about getting my texts published.
I’ve read a Danish book written by an investor that shares the same mindset about investing as me. While I stick to my index funds, I still find it interesting to learn more about investing in general.

Goals for next month

For July, I am just enjoying my holiday and trying to be budget-friendly. It would be awesome to pay off extra debt and save up for a weekend getaway in autumn, but I am honestly not stressing it too much. Especially now that I have reached my savings goal for my internship in Brussels.

How did your June go? Do you have any goals? Enjoy your holidays!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s