FIRE Update 13: August

We have arrived in August, and that means that the paycheck has rolled in, the investments are transferring and we can take stock of how the month went. It is the perfect time to review my journey and just keep myself accountable.

What happened this month?

I’ve been working like crazy, especially since BOTH of my holidays were cancelled due to covid. So far, it has not been the best summer, but I am going back to my home country next week, and I hope all the extra work hours will pay off come September. I am looking forward to catching up with friends and family, eat food for free (lol), and have something that can resemble an actual holiday. I’ve also had some luck with eBay and Vestiaire Collective, where I am expecting some money to trickle in soon. Overall, I am very positive about the next few months, even if I am in a tight spot right now.

Savings

My current general savings are $9,066.

My travel and luxury savings are $103.

I have to dip a bit into my savings to make up for the missing $1,721 in state grants, and moving into a place with practically no furniture or kitchen stuff has also proved to be expensive. However, it is true that splitting costs with a partner help lessen the burden, so I hope to bounce back soon. The more I save now, the less I need to loan to cover my tuition for the coming academic year.

There’s also not a lot of luxury in the luxury savings account at the moment – I’ve had to pay for tests before flying, and I expect to use the remaining money for birthday presents and celebrating my own birthday with friends. However, I do feel prepared for these extra expenses, since my freelancing gig is going pretty smoothly. Hopefully, it will help cover the rest.

Spending

I have tracked my spending generally but deleted the sheet before I realised I had to post a number here. Whoops. I promise I’ll do better next month. I can tell you, however, that the number is probably super high…

Investments

My current investments are $6,966 out of my $33,000 goal (21%)
My net worth is -$25,900

Debt repayment

My current tuition fee debt is $54,800. (when I last calculated it).

Goals for next month

I plan to relax and try being sensible about my upcoming holidays. I will be saving on general food costs, but I imagine that transport and eating out will go up significantly. I’ll just take things as they come and try to prepare as much as possible for the trip, so I have enough funds to get by.

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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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FIRE Update 11: May

First of all – I skipped the April update. I was caught in a mix of exam stress and blog-crisis. We’re back now, hopefully more improved by now!

We have arrived in May, 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 have just been busy with exams. I also had a bit of shopping spree – not a big one, but enough to soothe my stress (lol, at least I am aware of it now!) and to celebrate some good things happening in the family.

I’ve also taken some time to reflect on where I’ll be prioritising my energy from now on. I’ve had an incredibly stressful semester that took its toll on my body. It was a scary experience, so I now have to be ruthless on how I navigate my everyday life and not just “power through”. Therefore, I am now only sticking with stuff that I either find enjoyable, is worth the money, or is a core activity that makes a significant positive impact on my life. I’ll be talking more about that later in a post on how I plan to “summer audit” my life.

Savings

My current general savings are $16,065.

My travel and luxury savings are $890.

So I’ve done some readjustments since I’ll be embarking on a Master’s degree next semester, and I got some unexpected money. Suddenly it seemed like a reasonable task to try to save up as much as possible to diminish the need for loans. I’ll also be moving houses in a few months, so it is nice with a laser-focus on saving money and reducing my belongings. However, I also plan to travel (if the world allows it) and still buy a few quality pieces from my wishlist if they show up, so I also have a separate account for those frivolous things…

Investments

My current investments are $6,186 out of my $33,000 goal (19%)
My net worth is -$20,200

Debt repayment

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

Goals for next month

I’ll be finishing up my degree (woo!) and plan out a whole Life Audit over the summer before I start on my Master’s degree. More on that later!

How is your May going, and how did April go? Do you have any goals?

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