It’s April! The busy month for taxes and the fourth month in the Gregorian Calendar! It’s also the first month to have 30 days!
Back in March, I spent a total of $2,696.15 and my net worth grew to a total of $151,622.88.
Related: Net Worth Report: March 2017 Edition
Let’s see how everything did in April!
Brief Disclaimer: Some of the products and services on this post may offer compensation for referrals. For the products and services that do not receive compensation, there are referred simply because I think these products and services and useful and will be convenient to have.
April’s paychecks came out to a total of $3,572.48, with two paychecks coming in at $1,028.72 each, a per-diem check at $1,345.90, a deposit of $168.00 for the meals I paid for with friends, and interest at $1.14.
The reason this month’s per-diem is much lower than last month’s is because my work has transitioned more into a home-base role, so I don’t have to travel to the client’s site as much. Because of this, I will be receiving less per-diem checks in general and will have to live near the office.
The other unfortunate part about this situation is that I don’t currently have a place near my office, so I am currently couch-surfing with friends and will probably have to find a place.
Another thing I could do is to reach out to my network and find another job near my actual home, which is 500+ miles from my office, or to network my way into another travel project.
Either way, I hope I could find a way to make up for the lost per-diem checks as it was a great way to fast track myself to Financial Independence and Early Retirement.
Maybe I could actually dabble more into creating web or mobile applications as a side business in a way to earn more income, but I believe my work contract actually forbids me from doing that.
$2,219.59! Hmm, that’s still over my expected expense of $1,666.66 a month, but at least I’m making a bit more progress from last month.
For April, I spent on the following categories:
- Auto: $361.92
- Loans: $459.99
- Business: $2.90
- Credit Cards: $144.00
- Electronics: $379.93
- Entertainment: $60.26
- Groceries: $9.99
- Restaurants: $485.60
- Toiletries: $315.00
First of all, I spent a total of $361.92 on transactions relating to Auto, where $33.00 was spent on renewing my Driver’s License, $299.37 to pay for the insurance on my stolen vehicle, and $29.55 for public transportation.
Luckily, my stolen vehicle claim was resolved and I will receive a refund for the insurance since the date of the theft. I should receive a check from them in a few days to weeks and I’ll probably put that towards index funds.
Since I’ve been couch-surfing with friends, I have to now take the bus to work and a one-way ticket costs $2.75 and take around 2.5 hours. It’s a super long commute and I might just purchased a new vehicle to make things more convenient. By driving instead of taking the bus, my commute time will be reduced to 20 minutes instead of 2.5 hours, which will leave me with plenty of time to do random things after work.
For loans, I only have my auto loan at $459.99 for my stolen vehicle. This will be wiped out in the coming weeks as my car insurance is covering it.
However, I believe I will purchase a new car, so I will still have a loan in the future… possibly.
For business, I spent a total of $2.90. By business, I meant this website and it’s hosting costs. Because I had some referral credit before, I didn’t have to pay the costs, but now that my credit has ran out, I have to pay them, so currently it’s $2.90.
Credit Cards: $144.00
Credit Card Annual Fees came out to $144.00, with $49.00 for the Chase IHG Credit Card, and $95.00 for the American Express Starwood Preferred Guest (SPG) Business Credit Card.
The reason I am keeping these cards is because of the free night offered by the Chase IHG Credit Card and the special lounge access in Sheraton Hotels by the American Express SPG Business Credit Card.
I have also talked a little bit about the American Express SPG Credit Card in my last post, The 5 Cards I Keep in My Wallet.
I love technology. They are my biggest weak spot and where I usually spend most of my money.
Because of this, I purchased a new headset (Bose QC35) that will be my daily driver for office work and home music listening. So far, I really enjoy the headset as it offers an amazing noise-canceling feature and is wireless, so I don’t have to play with any wires. I highly recommend it if you don’t want to be bothered at work.
In addition to the Bose Headset, I purchased a FreedomPop SIM Card for my extra phone to try out their free plan. I haven’t installed it yet, but when I do, I’ll provide a short review on it.
Entertainment came in at $60.26 as I watched Beauty and the Beast in the theaters and bought a Pokemon Go Plus to supplement my Pokemon Go playing after work. It also kind of helps me get my daily walk in to lose some more weight, I guess.
Other than that, I don’t foresee myself going to any movies soon, hopefully, so there should likely be no spending on this category in May.
Since I’m not at the client site office anymore, I don’t quite have a kitchen to cook food in, which is why my grocery budget is so low.
Most of my food spending has actually been redirected towards restaurants and holy crap, eating out can cost a lot!
Out of the $485.60, $14.73 went to Breakfast, $213.67 for Lunch, $201.93 for Dinner, $39.89 for Dessert, and $15.38 for Dinners.
The only good part about this is that I don’t quite drink or eat breakfast, so those two should be gone in May.
However, I love my desserts, lunch, and dinners! So there might be an increase in those categories… but I hope it’s not by a lot.
Toiletries… well, not really, the $315.00 was actually spent on retainer replacements as my cleaning lady threw out my previous set for some reason.
The worst part about retainers are that they are for life, so every time I lose them, I would have to get it replaced, unless I don’t care about my teeth anymore…
Here’s to hoping I never lose them again.
Net Worth: $159,508.69
With that, my net worth increased to $159,508.69 from $151,622.68, which is an increase of $7,886.01 or a 5.20% increase!
2017 Financial Goals Status Check
If you remember back in my December Net Worth Report, I had written about a few goals I wanted to achieve. If you don’t remember, that’s alright as I’ll be writing them below so you can follow along as well!
- Spend less than $20,000 and downsize as much as possible.
- Current Spending YTD: $6,955.91
- Status: On Track!
- Thoughts: Still possible to make it, just need to reduce my spending a little.
- Make my budget line-items more clear and not vague.
- Current Line-Items: Pretty clear.
- Status: On Track!
- Thoughts: I think I am doing well on this, as I have been breaking down what I by line-by-line.
- Try to reach $200,000 Net Worth by the end of the year.
- Current Net Worth YTD: $159,508.69
- Status: On Track!
- Thoughts: Since I no longer receive per-diem checks, I expect to reach this goal by the end of the year or by early next year.
Finally, here’s a status report of how 2017 is going with my finances.
|Year To Date||$18,140.24||$6,955.91||--|
Overall, I would say that I did pretty well for April. I lowered my expenses a little bit, but with the lowering of expenses, I lose my per-diem checks from travel work, so i expect a smaller increase in net worth in general for the next few months.
My net worth increased by 5.20% from $151,622.68 to $159,508.69.
How did you guys do in April? Have you been keeping up with your goals and resolutions? Let me know in the comments below!
If you aren’t already tracking your accounts or net worth, check out Personal Capital! It’s an amazing online tool that provides great visualizations and is easy to use!
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