April 2019 Recap

Hi, friends!  Happy May!

I cannot stress enough how nice it has been to have my car paid off in full.  Saving $400 per month on my car payment is a sigh of relief.  You never know when life is going to throw a curve ball at you that involves a major expense, so having extra wiggle room in my budget and one less bill to pay every month is wonderful.

This month, I was back to teaching just one online homeland security course as opposed to two, which pays $600 every two weeks.

I completed three mystery shops this month and am awaiting reimbursement.  I will only end up with a profit of about $20, but that’s okay since they also resulted in a free meal for my mom and me and two free meals for my boyfriend and me!

My spending was fairly standard this month.  A few non-traditional expenses included a renewal of the service contract with my heating and cooling provider.  That was $204 but includes a summer and winter service for the units, as well as a discounted price on parts if anything needs to be replaced.  I was also charged the $450 annual fee for my Chase Sapphire Reserve card.  While it is undoubtedly a hefty fee, I receive a $300 travel credit every year, which essentially makes the annual fee $150.  The rewards points and other perks of the card make it worth it to me, but next year I may do some further analysis and decide to cancel the card.

My net worth increased from ~$82,000 to $84,000.

Here’s an update on how I divided up my leftover income for the month:

  • To Emergency Savings Fund (50% of my leftover income): $869.75 – To truly be comfortable with my emergency savings fund, I would like to have about $20,000 saved up, which equates to about 5-6 months of living expenses for me.  So far, I have nearly $7,000 in a high-yield savings account.
  • To Home Savings Fund (25% of my leftover income): $434.87 – I want to keep this fund fairly well stocked so I can work on home projects as I have the time and energy.  Some of my upcoming plans include finishing the trim in my basement, painting my basement family room, and doing some minor landscaping around my house.  I have about $5,000 in the account.
  • To Travel Savings Fund (25% of my leftover income): $434.87 – I recently moved this fund into a high-yield savings account since I don’t need to access the funds on a regular basis and wouldn’t need to withdraw them in a hurry.  My friend and travel buddy from college and I are planning a trip to Europe this fall, so I’m currently saving up for that event.  I have $4,000 in this account.
  • Cash Flow for New Dining Room Table ($468): I’ve had a pretty ugly dining room table and chairs for the past two years, but they were free and functional, so it worked.  I’m slowly going through the process of upgrading things in my home as I have the money to do so and make my house look more intentional and adult-like and less college apartment-y.  I found a set through Ashley Furniture that has a farmhouse look, which matches my home decor and should be the perfect fit in my dining room.

May’s income should be pretty standard.  I am traveling to Reno for a week-long work conference and I do not plan to bring much cash, because I don’t want to be tempted by the plentiful casinos!  I plan to sit by the pool and relax in my free time there.  I will probably cash flow another furniture purchase (either a pair of recliners or a couch for my basement family room).  Other than that, the rest of my leftover income will again be split between my emergency savings fund (50%), travel fund (25%), and home repair fund (25%).

Have a great week!

~Autumn

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