FIRE Update 9: February

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We have arrived in February, 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. I am still keeping up, even if life is a bit overwhelming at the moment!

What happened this month?

Busy as always. I have finished most of my applications by now, but I still have, well, a whole thesis to write and stay on top of work and uni. It feels like pouring in a lot of hours without a lot of tangible output just yet. But we are staying on track.

Savings

My general/apartment savings are currently $8,000.
I am very close to reaching my savings goal, and I had initially changed it to $8,250, but I might just go for $9,000. The extra padding is to ensure that I have enough for moving apartments, studying (even if something happened with my finances), and still have leftover money to put down a deposit after my studies. But once that has been solved, I am going to go all-in on investments and a bit of debt repayment. I am also adding to a travel fund, which is obviously not gonna get used any time soon, but once the pandemic is over, I think I’ll be happy to have funds that are allocated to have fun, lol. Especially between my degrees.

Investments

My current investments are $5,380 out of my $33,000 goal.
My net worth is $-29,400. You may have noticed there is a sharp decline in my negative net worth, which is mainly because I put in extra money on my savings and recalculated my student loans.

Debt repayment

My current tuition fee debt is $52,100.

Books I’ve read and texts I’ve written

I am currently reading “Superhero nutrition”, but I am in the process of setting up a website for my articles and everything.

Goals for next month

I have started a minimalism challenge with my friend. I have to declutter 1 item a day, and send her a picture of it, which keeps me accountable. I’ll save all the pictures for a collage. 1 a day seems reasonable, and if I keep it up, I’ll be in a much better place once I am actually moving out. I refuse to carry around stuff I will never get to use.

How is your February going, and how did January go? Do you have any goals?

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