Happy February and welcome to my January financial update!
So far February isn’t treating me very well. I seem to have caught the bug that is going around at work. It’s early yet, but I really hope I don’t need to miss work because of it. I hate calling in sick!
January would have been an impressive month as far as low expenses go, however, my car and renter’s insurance were due last month and I always pay in full. So that added an extra $385 to my expenses. Doh!
Oh well. I still had a pretty good month!
Should I cut Netflix from my life?
One expense that I’ve been thinking about getting rid of is Netflix. I have the one-disc-out-at-a-time plan. I really like Netflix and I think it’s a good way to go if you watch and return the movie in a reasonable amount of time. However, if you’re like Mr. Frugal Turtle and I, sometimes it’s a few weeks or a month before we get around to watching the movie together.
Basically, sometimes it feels like we’re paying $8.54 to rent one movie. Which is way too much.
Most of the time we are pretty good at watching the movie and getting it in the mail pretty quickly. But the weekends where one or both of us is working, it doesn’t get watched.
We work a lot of weekends, especially in the spring, summer and fall months. Plus, I work on the day-shift and Mr. Frugal Turtle works the night-shift.
Yes, we could watch the movie separately, but we enjoy watching them together.
And Mr. Frugal Turtle pays for the streaming plan, which, let’s be honest, doesn’t always have the best movies to pick from. That’s why we still have a disc plan.
I need to ponder this more. It might be time for me to cut this monthly expense and visit the library’s DVD section more often.
on to the numbers!
January Net Worth
I ended January with a net worth of $109,976.97. Would it be reasonable to have hopes of achieving $150k by the end of this year? That’s the number that would really make me happy on December 31st.
My net worth includes my retirement accounts and my regular savings account.
I was able to put $1,919.60 towards retirement in January. $1,384.60 went in my 401k and $535 went in my IRA for 2017. With working fewer hours now and not a lot of overtime, it’s probably going to take me longer to max out my IRA for the year. The past couple of years I’ve had it maxed out in May. I’m curious when I’ll get there this year.
I took home $2,971.70 in January. I include the amount that goes in the 401k in this total.
My full-time job is my only source of income.
|Gas and a Car Wash||$72.56|
My expenses in January totaled $1,266.45. $1,200 a month in expenses seems to be about my average. I just need to keep it that low. With early retirement still a long ways away, I need to watch out for lifestyle creep!
The great thing about my expenses is that I feel like I have everything I want. I don’t need to buy random, useless junk that’s just going to clutter the house.
My satisfaction comes from watching my investments grow…and grow…and grow!
It’s Mr. Frugal Turtle’s birthday this month! We plan on celebrating by going out to dinner at a Mexican Restaurant that gives a free meal on birthdays.
On Valentine’s Day we will probably both be working, unfortunately. I’ll see him in the morning for a couple of hours before I go to work. Working opposite shifts will make it impossible to really enjoy the day together. We’ll probably recognize the holiday on the weekend instead.
We keep talking about taking a vacation to somewhere tropical this year, but no plans have been set. Maybe this month we’ll finally get something figured out.
How did you do in January? Do you have any frugal vacations planned for 2017?