For new and existing readers, this is my journey as a millennial from -$20,000 net worth in November 2016 to financial independence and early retirement. Subscribe to my blog to stay posted!
Hi there – it’s been a while. Last time I posted my net worth was in early December. Safe to say that what get measured gets managed and I’ve let my personal finances run wild over these past few months. I’ve definitely missed writing blog posts and I’m sure you’ve missed having a sticky beak into my personal finances. Can you believe we’re already more than a quarter into the year – it feels like it’s been a blur seeing the dates fly by!
So much happened in February:
- I was given a once-in-a-lifetime to go on an international work trip and hear my life-long idols speak at a conference. Very few people at my level of seniority are given the chance to go on this type of trip and I am very grateful.
- After a few months of being in limbo about my career, I came back from the trip with clear cut focus on my personal and professional goals.
- I learned the importance of surrounding yourself with people who are positive, supportive and celebrate your wins including the value of true friendships.
- At the same time, I learned some eye-opening and hard lessons where some people may only like you when you’re down-and-out with them. However, when you overcome those obstacles, unwanted and undeserved resentment can come along unexpectedly. My good friend wisely told me – be aware of your energy as you will attract those with the same energy (either good or bad energy).
- I learned the importance of gratitude. I wrote about how important it is here in my daily morning routine however had been out of routine for a while and forgot the positive impact it had on my entire day. Though not everything is going perfectly in my life, it’s much harder to become frustrated, agitated or resentful when focusing on gratitude and the opportunities I’ve been given this year.
How much did I spend in March?
March expenses were high because of the international travel I did early to mid-march. I spent a week working so I was lucky to have food, accomodation and transport covered for the whole week. As I had never been to the US before, following the work trip, I took an additional week off for my own personal holiday to travel around California and see San Francisco, Palo Alto, Silicon Valley and Yosemite. I spend about $2,000 AUD on hotels, flight change costs and ubers and my own personal shopping (food included) cost another $2,000 AUD. All up, the trip cost about $4,300, of which $1,500 will come up in the April expenses. It was a last minute, unexpected trip (confirmed 2 weeks before flying out) but well worth it.
What is my net worth?
I’ve very surprised my net worth increased this month given the unexpected travel from the USA trip. Let’s be real here – the only reason why my net worth has increased is because of my compulsory contributions to my superannuation and a small appreciation in my share portfolio.
I’ve been pretty reckless with spending and seeing my emergency fund be depleted from the travel costs has my bank account going off on high-alert and yelling at me to replenish that fund.
My focus for April is to reduce all shopping to zero unless I am replacing something that is used up or broken. I’m well aware that I need to reduce my dining out costs however one mountain at a time. I feel like I finally have ‘enough’ so don’t feel the need to buy anything new or accumulate more stuff.
How was your March? Any wins? Achievements? Frugal wins or fails? I want to hear from you!
xx Miss Piggy