Money Fitness Journey

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    July Net Worth 2017

    July 28, 2017

    July was a great month for me. I did spend more than I wanted on eating out. Actually spent more this month on eating out than I have in a few months combined!

    Income

    This month I made $3,127 after my contributions to my 401K.

    Expenses

    July expenses total right at $1,984. Nothing too fancy here. This month I did go out with friends more than usual. I went out and ate a lot as well. Over all, I’m still happy with my end of the month outcome.

    Savings

    I saved $2,006. Which is right around 47% saving rate for the month of July. Now, this is with my 401K contributions as well. So, this month’s break down is below.

    • $900 Money Market Account
    • $1,106 Roth 401K

    Net Worth: $80,482

    Not bad at all was hoping to hit $79,000 this month. That is a $3,328 increase in my net worth from last month. My net worth went up and down this month based on the market and spending.

    Final Thoughts

    I still can’t seem to tame my spending the last few months. Savings rate close to 50% still is not bad. Yet I was hitting higher earlier in the year. I need to get serious about cutting back going forward. Yet next month is my Key West trip so that probably won’t be happening. I also seem to be way ahead of my $85K goal by December.Which really blows my mind because my spending has been a bit more over the last 3 months. At this rate, I might hit around $90K by December. I look at all this as buying my freedom. That much closer to be able to stop working if I desire.

    FIRE HACKS

    Thanks for stopping by. I use affiliate links to support this site at no cost to you if you believe you get value, please consider supporting me by clicking. 

    My favorite free financial tool to manage my net worth is Personal Capital. You get a $20 Amazon gift card for signing up. 

    My favorite free investing platform is M1 Finance. You get $10 for signing up. No trading or management fees plus you can buy fractional shares. 

    My favorite Credit Card Hack is American Express Platinum, Hilton Honors Aspire, and Bonvoy Brilliant AMEX. So far they paid me over $2,200 this year to use these cards. 

    My favorite phone service is Mint Mobile. You get a $15 renewal credit for signing up. I get a year of phone service for a rock bottom price of $240. As a guy who travels and lives in an RV full-time, this service has been amazing.  

    Filed Under: Financial Independence

    Comments

    1. Power Of Budget says

      August 2, 2017 at 2:18 pm

      47% is great savings.Great job! I am bringing in a lot more but with my family situation, it is extremely hard to save anywhere close to how much you are doing. However, the goal is to get to 60-70% savings per month in next 2 years.

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