FIRE Update 12: July

Another skip, but I’ve been overwhelmed by everything it seems, haha. It has taken me longer to recover from stress than what I realised. The next few months will be tough on the finance end, but I’ll do my best to make everything work out smoothly.

We have arrived in 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?

The weather has not been very summery, so I’ve mainly focused on work and an upcoming move closer to central London. I also had the unfortunate realisation that I’m losing out on a couple month’s worth of my student grant until I start my Master’s, so I have to save a lot more this summer to avoid dipping too much into my savings. I’m really grateful that I have my freelance work right now, because that will help lessen the impact as well.

Savings

My current general savings are $14,238.

My travel and luxury savings are $64.

The travel/luxury account got depleted, mainly due to flight tickets and so on, but I’m not too fussed. Since I am moving, I’m selling a ton of stuff on eBay so it would be stupid to buy more things anyway (except for the basic apartment stuff, of course). The dip in my savings are mainly due to moving and the lack of income I suddenly experienced.

Investments

My current investments are $6,648 out of my $33,000 goal (20%)
My net worth is -$22,282

Debt repayment

My current tuition fee debt is $52,100. (when I last calculated it).

Goals for next month

If I can get through July with a sensible moving experience, some basic purchases for the new place, and work enough to only use a minimum of my savings, I’ll be happy!

I’ll also add a spending category for next month, so I can track how much I spent.

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