It has been a pretty crazy month for me, from arriving back from Europe and trying to get settled into my new hotel digs.
INCOME: $15,300
- All gross, not net and I still have to pay taxes on it (about 20%) so it’s really $12,240
- Then you have to factor in how much I am paying for business expenses as well
Update: This is for 3 weeks of work, I was on vacation for one.
EXPENSES: $4878.58 *cries*
-
Business: $3940.60
-
Personal: $937.98
Update: I should redo these numbers but I won’t.
I actually double-counted my rent and my hotel, and my very basic expenses (hotel, food, parking, gas, food) should really be around $2000 a month, but I am pre-paying for September as well as paying for August, which doubles my expenses.
BUSINESS EXPENSES: $3940.60
- Hotel is for all of August up until almost the end of September (YES!!)
- Had to switch hotels halfway through the month, that helped me save a lot of money in the end
- Have to think of the big picture: it’s cheaper than paying for a 12-month lease for something similar
PERSONAL EXPENSES: $937.98
- I have to calculate part of my “personal” living as my rent for my taxes
- Spent a little on self grooming this month
- Very difficult to calculate groceries in this case, as it’s included in my business expenses
NET WORTH: $112,230.05
15% increase or by $11,267.91
- Cash: $30.35
- Savings: $5076.96
- Emergency Fund: $25,649.15
- Retirement: $36,041.72
- Business: $45,431.87
- Emergency Fund: $25,649
Note: Still have taxes left to pay, so my net worth will drop next month.
Just a girl trying to find a balance between being a Shopaholic and a Saver.
I cleared $60,000 in 18 months earning $65,000 gross/year.
Now I am self-employed, and you can read more about 
Congratulations with your quickly increasing net worth! It seems like you're back at full force. 🙂 Hmm how do I keep up with this… (yours just overtook mine 😉
@twe1vegir1: remember, it's a marathon. If you keep running, you'll be there soon, too.
Hi, I'm relatively new to your blog and I'm enjoying it a lot. You've probably explained this before, but I was just wondering what your business fund ($45,000) is exactly.
Anyway, keep up the good work!
My business fund is how much I have in my business bank account.
It\’s my cash and my accounts receivables. 🙂
I don't see how you do it. Low income with a very high hotel cost monthly.
The hotel cost is 2 months as I have to pre-pay the next month in advance.
So $4000 is really $2000 per month.
And I didn\’t work the whole month, only 3 weeks, as I was on vacation.
I wish $15k earned in a month was considered " low income" for me! Can't agree with David at all! Seems like you've done very well 🙂
To each their own 🙂
I think it\’s a fairly huge chunk of of money, myself…
I can see how $5k might seem like a lot for a hotel, but as I explained to David, that\’s for 2 months worth, and we don\’t have cheap hotels like they do in the States for $125/week. I\’d be there, if we did! 🙂
I am so impressed (and jealous) of your net worth! (…mine seems so piddly by comparison…)
Is it weird to be proud of someone you've never met?
Congrats!
LOL not weird at all. Thank you *blush*
I didn't start there right away either, so don't lose hope!
Wow. You really love your spreadsheets and pie charts. Wish I was as good with my budgeting. I find it hard enough to get a work timesheet in on time… let alone all these stats too!
It\’s all thanks to my budgeting spreadsheet 🙂