Another personal balance sheet post! Last month, I broke records…in spending that is. I must stop acting like my backyard is full of money trees because frankly, I live in a sixth floor apartment.
Takeaways from last month -
TRAVEL my #1 expense once again – some planned, some last minute. Since traveling’s the one thing I’m not willing to give up, there’s really no use complaining. Must try to budget ahead of time rather than spend freely/heart attack later. I’m going to Denver in two weeks, Cambridge/Boston in late May for about a week, and then Maine with my family right after that. As for June, I’ll be traveling for work (Dallas one week, Chicago two weeks later). Per diem should cover those expenses though.
FOOD my #2 expense was food. How the HELL does a single girl spend $608 on food in a month???????? Must stop eating feelings.
SHOPPING/ENTERTAINMENT I took my little sister shopping one weekend and obviously, paid for all her slutty teenager clothes like any good older sister. I also bought One Direction tickets for me and her (gah so expensive…but it’s a belated birthday and Christmas present combined). And I paid for 2 tickets to the symphony. My little brother is supposed to pay me back but I guess I’ll let him go this one time. So magnanimous of me! Sister of the year award, thanks.
RENT I re-signed my lease and rent went up about $60/mo. I need to get used to this new amount. It sucks. Living alone is so expensive. But worth it for being able to go pantsless everyday.
SAVINGS/RETIREMENT once again, I was a boring, responsible adult this year and wrote a check out to my financial advisor for my Roth IRA. Bye bye bonus money…see you in 30+ years. We talked about what mutual funds I wanted to invest in and I told her I want my portfolio to have funds w/ more aggressive allocation. So my 5K contribution is split between two funds…Columbia Thermostat C (CTFDX) and Loomis Sayles Global EQ & INC C (LGMCX). Originally, I wanted to buy Calamos Growth and Income Fund but that’s actually closed to new investors. Boo! My other holdings currently in my account include First Eagle Global C (FESGX), Ivy Balanced C (IBNCX), and 20 shares of AAPL. My FA said I should sell and take profits one day but for now, I’m holding on. When is the right time to take profits in Apple? I also have $75 cash in holding for my annual account custody fee, which is entirely TOO MUCH I know. Here’s my Roth IRA asset summary:
And here’s what’s on the spreadsheet this month so far. I sadly didn’t reach my $25K Emergency Fund goal because I got bills bills bills to pay. But end of this month? Potentially yes! $100K networth by EOY is still my reach goal. Gotta stop spending though!!
| ASSETS | |
| Bank of America Checking | $1,367.20 |
| HSBC Checking | $700.24 |
| Chase Checking | (CLOSED) |
| Bank of America Savings | $10.00 |
| HSBC Savings (EF) | $24,316.41 |
| Cash | $0.00 |
| Total Cash & Equivalent | $26,393.85 |
| LIABILITIES | |
| Chase VISA | ($2,798.25) |
| AMEX Blue | ($378.79) |
| Banana Republic | $0.00 |
| Macy’s | $0.00 |
| Firestone | $0.00 |
| Express | $0.00 |
| Sallie Mae | PAID OFF |
| ECSI | PAID OFF |
| Total Debt | ($3,177.04) |
| RETIREMENT/INVESTMENTS | |
| Fidelity 401K | $29,431.72 |
| Morgan Stanley RothIRA | $23,473.45 |
| Pension | $3,466.89 |
| Total Retirement | $56,372.06 |
| NET WORTH | |
| Easily Liquidable (Cash – Debt) | $23,216.81 |
| Assets – Liabilities (incl. retirement) | $79,588.87 |
