my 2015 financial progress: spring fever (Q2)

 Photo credit: Kyle Szegedi via Unsplash

Preface:  I know I’m roughly a month behind in posting this, but you’re just going to have to deal.  It’s been a crazy, hectic, over-the-top couple of months.

Going into summer is always one of the busiest times, it seems – there are weddings to go to, trips to plan, and too many Friday nights spent outside drinking on bar patios.  Hey, it’s getting warm, we’ve been hibernating like Winnie-the-Pooh for months, and we are ready to do something.  Anything.  Just as long as we don’t have to be stuck between 4 walls all hours of the day.

I am no different.  I had 3 weddings in two months to attend (one in New York), a bachelorette party in Nashville (take me back), and I spent a night or two (or way more than that) outside Bakersfield sipping on margaritas.  It’s summer – I believe we are programmed as human beings to live it up.

Unfortunately, all that fun comes at a price – and while I think I did a fairly decent job of managing all of those “activities,” my bank account I’m sure was screaming at me at one point during it all.  Want to see how I did April through June?  Read on, mi amigas:

  1. Net Cash:  $1,072 Increase

    Here’s the facts:  my last renter moved out at the beginning of April so that loss of rental income, coupled with some weekend trips and all that summer fun left my bank account hurting a little bit.  However, it was still an increase, so I’m chopping this one up as a win.  But I’m looking to do better next quarter (which we’re already halfway through…).

  2. Net Worth:  $4,815 Increase

    See #1 as to why this isn’t as much as I would have liked for it to have been.  I mean, this is about 1/3 of what I netted in Q1; however, again, we’re going in the right direction – my debt (aka my mortgage on my home, also known as the castle) is decreasing and my assets are increasing.  Keeping it positive!

  3. 36% of My Savings Goal

    Well, we’re 50% of the way through the year, and I’m at 36% of my savings goal: if you can’t do the math, this means I’m losing.  However, I tend to hoard some cash in my checking account until the end of the year, and I think I’ll still be able to hit my original goal.  Keep your fingers crossed for me.

  4. Overspending

    1. Health/Beauty

      Oops – guys, in case you didn’t know, this can be a real black hole for women, and I guess I am not immune.  Sephora pulled me in one day, and I just couldn’t say no to that contouring kit.  Or the eyebrow pencil.  Or lipstick.  Jesus, this is a problem.  Don’t worry, guys.  I’m working on it.

    2. Groceries

      When you figure out that Kraft cheese isn’t really cheese and fish is super healthy for you, your food choices migrate from all that Ramen and Mac n’ Cheese that were staples in your kitchen cabinets.  However, I’m only about 6% over where I need to be, so all hope is not lost.  I’ve got this. 

    3. Restaurants

      Ugh, outdoor patios KILL me.  I love going out for dinner and drinks when it’s nice out, when I can soak up all that vitamin D I’m missing out on while I’m stuck inside working my full-time gig.  Again, though, it’s not the worst situation in the world – I’m roughly at 57% of my total budget as of the end of June, so if I keep it in check, I can make it.  I think.

Well, there you have it:  My April through June review.  While it took me a little longer to go back and look at this than I originally planned, it still was beneficial to check myself on where I want to be in relation to my goals for the year.  And you should do the same – make sure you’re on track before you are too far off the path to ever get back on!

So now that I’ve aired my dirty laundry, who else wants a turn to do the same?  Let me know where you are overspending for the year and how you plan to get back on track – it’s ok, I won’t judge ;)