What a month! I’m slightly ashamed of the fact that I’ve been excited about writing this update for around two weeks, but who cares. July was the perfect storm for me. Had the entire month off uni, heaps of people were on holidays at work and it was tax time. These three factors allowed me to have probably the best month financially of my life, and to be honest I’m proud of myself for not making even one impulse purchase. I also achieved three goals I set out to complete by the end of the year 5 months early! Now, let’s get to it.
Here’s the makeup of my current net position.
Here’s my current progress towards the goals I have set for 2017. If you haven’t already, you can see what they are here.
Also, here is the progress I made towards some new medium term goals I set.
Great month for my savings! Nothing came up that I had to randomly spend on allowing me to push $200 past my savings goal for the year for a total of $2246.67
Made two purchases this month in AFI and RHC which you can read about if you haven’t already. These two purchases put me over the top of my investing goal for the year with a total of $2203.28. This also put me 22% towards my goal of having a $10,000 portfolio by Jan 11, 2019.
Superannuation (Retirement Fund)
It was a pretty average month for my super. I made $80 in personal contributions and received the usual contributions from my employer. Still waiting for my final account to consolidate into my new one…. (Sigh).
Depreciation expense which will occur each month.
I was able to repay $1050 of personal debt to my mother this month. This contributed a big chunk of progress to my goal of paying off $3000 of debt this year, which now has me at 66%. I’m now also 6% towards owing less than 20K to my mother, which is a great first start
No change this month.
Received 17c in dividends this month from acorns. Jackpot! Hopefully in the coming months my recent buys will push me closer to achieving my goal of $100 of dividends this year.
This month I totalled 2780.05 saved or invested for a savings percentage of 55%. I’m happy that I was able to fight the creep of lifestyle inflation and put this month’s earnings to good use.
July is most likely my best month financially until I finish uni at the end of next year. I had an increase of 16.80% for a total of $3863.20. This puts me well over my goal of a $6000 for the year and gives me a great first step towards a positive net position by 2019.
As I was writing this, I noticed at the end of last month I was worried about how July would go. Boy, was I wrong!
August is normally a pretty big month for me so I’m excited to see how it goes. I’m back at Uni, have some travel for work and it’s my birthday right at the start. While I doubt it will beat July financially, I’m hoping I can still have a great month.
Check out last months’ update here