January Net Worth & Spending: +$12,259 NW

This first month of the year has been a whirlwind adventure where I moved cities for work and then spent the rest of the month working like crazy, finding a permanent home and getting settled in to a new city.

There were certain challenges which came with relocating to a completely new place – not knowing your bearings, running around the city for dozens of house viewings, moving into a new place without internet for 2 weeks, working around the clock – however beside these, having the support of good friends and banding together with work colleagues who also relocated have been a rock among all the chaos.

If I could sum up the first month in Melbourne, it was a bit like this:

From a finance point of view, I received a nice little relocation bonus which bumped up my emergency fund but at the same time the costs of relocation were higher than expected. Buying furniture, paying bond, all those small household bits and pieces ended up costing thousands of dollars.

So what did I spend in January?Screen Shot 2018-03-04 at 12.48.45 pm.pngScreen Shot 2018-03-04 at 12.49.06 pm.png

Relocation expenses are still high, however as the main furniture expenses are ticked off there is less and less outlay going forward. Going out expenses were high, especially given it being the first month in a new city. Groceries has remained stable and now that I’m living in a more suburban area with not many take-away options in addition to there being no good take-away lunch places near work, I’m packing lunch and cooking dinner at home almost every day. Not only am I saving money but I’ve lost weight as a side benefit from being so healthy!

What is my January Net Worth?

Screen Shot 2018-03-04 at 12.52.28 pm.pngScreen Shot 2018-03-04 at 4.00.03 pm.png

Thanks to the relocation cash, my net worth jumped up by a few thousand which all went towards my cash reserves. My 6-month emergency fund is now 81% funded, with only $2,600 to go until it’s complete.

I’m aiming to have the emergency fund complete in by end of April, and after this, I’ll start to save for a holiday in Europe in 2019 and put more money towards my share portfolio.

How was your January? Did you hit any big milestones? Make any New Year Resolutions?

xx Miss Piggy


Cover illustration by Diana Kuksa

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