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Blogger Profile


Tellie

Blog Info

Name:
A Tale of Finances
Category:
Frugality
Tags:
Budgeting, Millennial
Start Year:
2016

Blogger Bio

Net worth:
Location:
D.C., United States
Age:
20s
Race:
Unspecified
Gender:
Female
Life stage:
SINK (Single Income, No Kids)
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Latest Blog Posts

I’m going to try to make this short and sweet since September didn’t bring any surprises. My final account balances at the end of the month: Liquid Assets Aug-17 Sept-17 Change Cash & Checking $1,158 $1,000  ($158) Brokerage #1 $150 $161  +$11 Emergency Fund $3,385 $3,390  +$5 Short Term Savings $2,000 $3,000  +$1,000 Vanguard Fund  $500 $0 ($500) Illiquid Assets Aug-17 Sept-17 Change Brokerage $466  $472 +$6 Savings Bonds $2,085 $2,120  +$35 Retirement Aug-17 Sept-17 Change Roth IRA $17,657 $18,249  +$592 Traditional 401K $27,423  $29,477 +$2,054 Net Worth $54,824 $57,869 +$3,045 % Change 5.6% The biggest change is that I’ve merged some funds into my short term savings to prepare to buy a condo. I’m not going to update my goal progression this month because I’m lazy and ...
Posted: Oct 06 2017 @ 8:00 AM
It wasn’t easy deciding to go against popular advice of not borrowing from my 401K now that I’m condo hunting. When it came to saving for the down payment and closing costs I weighed three saving strategies: Saving aggressively in liquid savings accounts, only contributing the minimum to my 401K to receive my employer match. Continuing to max out my 401K and then borrow from it Saving the notoriously recommended 15% of my ...
Posted: Sep 10 2017 @ 2:06 AM
I’m continuing my condo hunt but am also still aiming to max out my retirement accounts this year. I’ll only be placing an offer on the perfect place.  I do want to increase my cash on hand though. So, in August, I contributed less to my Roth and 401k than in previous months and plan to do the same in September. I’ll increase my contributions eventually and slowly tighten my ...
Posted: Sep 05 2017 @ 12:57 AM
Spending Overview: I’m keeping track of my spending to hopefully break the habit of going over budget. This daily budget approach actually ended up going very well! It is definitely what I needed to get out of the monthly overspend habit. The weekly spend: Shopping: $11 Food: $51 Travel: $33 I’ll post my monthly totals in my August net worth post, which will be coming shortly. My spending habits broken down by days: Day 1-6 Beginning Balance: ...
Posted: Sep 05 2017 @ 12:12 AM
Spending Overview I’m keeping track of my spending to hopefully break the habit of going over budget. This week went well. I’m no longer in the red! I was actually really sick this week so not going outdoors helped. The weekly spend: Shopping: $46 Misc.: $1Health: $55Utilities:$91 I’m not counting the health and utility categories against myself (that’s why they’re greyed out). My utilities are relatively fixed and my healthcare expenses are reimbursed from my ...
Posted: Aug 22 2017 @ 2:15 AM
Spending Overview I’m keeping track of my spending to hopefully break the habit of going over budget. This week had fairly minimal spend: Food: $22 Shopping: $15 Misc.: $20 Admittedly I’m not including times that I ate out which totaled $55. This is due to my business trip earlier in the month in which I received a per diem. If I don’t spend all of my per diem during a trip I allow myself to ...
Posted: Aug 19 2017 @ 1:48 AM
The hunt is officially on! I’m looking for a condo, albeit much earlier than anticipated. So why the sudden change of heart? I really want to live in a 1 bedroom place. I hate living in a studio, especially since having a chronic illness means I spend a lot of time at home. I’m convinced that having only one room is not healthy in the long term. The average 1 bedroom in this city rents for ...
Posted: Aug 14 2017 @ 1:43 AM
Spending Overview Food: $18 Shopping: $160 Misc.: $2Health: $19 My goal is to spend $15 a day, on average, throughoutI the month of August. I am tracking my daily expenses, week by week, for at least the month of August. Technically Day 1 was in July  (as in July 31), but I think it’s simpler to work with a 7-day week from the start. I’m certainly not off to a stellar start, hopefully I can ...
Posted: Aug 07 2017 @ 5:49 PM
I haven’t been posting with much regularity due to poor health. Hopefully in August I’ll do more than one post. But at least July treated me well in the financial sense, which wasn’t a surprise given it was a three-paycheck month.  All of my account balances increased: Liquid Assets Jun-17 Jul-17 Change Cash & Checking $898 $1,000  +$102 Emergency Fund $3,154 $3,380  +$226 Short Term Savings $850 $1,125  +$275 Vanguard Fund  $300 $500 +$200 Illiquid Assets Jun-17 Jul-17 Change Brokerage $450  $460 +$10 Savings Bonds $1,904 $2,060  +$156 Retirement Jun-17 Jul-17 Change Roth IRA $16,117 $17,367  +$1,110 Traditional 401K $23,117  $26,171 +$3,054 Net Worth $46,181 $51,314 +$5,133 % Change 11.1% I love the months where my net worth increases by 10 percent or ...
Posted: Aug 01 2017 @ 1:18 PM
Ahh June! I finally received some much needed reimbursements which made for a smooth month. Liquid Assets May-17 Jun-17 Change Cash & Checking $528 $898  +$370 Emergency Fund $3,065 $3,154  +$89 Short Term Savings  $750 $850  +$100 Vanguard Fund  $250 $300 +$50 Illiquid Assets May-17 Jun-17 Change Brokerage $447  $450 +$3 Savings Bonds $1,800 $1,904  +$104 Retirement May-17 Jun-17 Change Roth IRA $15,754 $16,117  +$363 Traditional 401K $21,136  $23,117 +$1,981 Net Worth $43,730 $46,181 +$2,451 % Change +5.6% I  continue to push towards the finish line of several goals. Goal Progress: Fund/Goal Contrib. Total  Goal Progress 401K $1,476 $8,422 $18,000 46.7% Roth IRA $330 $3,030 $5,500 55.1% Emergency Fund $122 $4,985 $5,500 90.1% Vanguard Fund $61 $300 $3,000 10.0% Vacation* $100 $850 $1,000 85.0% All in all I’m doing well for being halfway through 2017.  I also officially met my 2nd quarter goal of having $6,750 in assets outside of my retirement accounts. The only goal ...
Posted: Jul 02 2017 @ 8:33 AM

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