Getting Financially Naked – 3rd Quarter Financial Update

Well, I’m home from my vacation to Chiang Mai via Hong Kong.  I was a bit nervous for this trip since I had never been to Asia before…oh, and due to my trip revolving around a week volunteering at the Elephant Nature Park and the possible chance of a stampede (which I am happy to say didn’t happen).  So nervous, in fact, that my last post was written in honor of the will I wrote to leave behind in the event of my demise.  I am quite grateful that no one in my fam had to read it!!

Anywho, I am back and still suffering the effects of jet lag which has left me wide awake even though it’s 11pm…2 hours after my normal bedtime.  🙂

We just finished watching game 2 of the NLDS where our Cubbies took shit…no worries, many more games to come!  In an effort to lick my wounds from watching the said game, I decided there is no time like the present to dive into my 3rd quarter numbers.  Like the game, there were some highs and there were some lows…unlike the Cubs, I still came out on top…

Obviously not me – I would NEVER accept singles!!  😉    via

My last (and first) financial update posted in July of this year.  I was terrified to be so transparent with my money, but I also realized that it is blogs like this one that helped me get on the right track financially.  Tracking my net worth (and specifically my spending!!) helped me see all the comings and goings of my money.  It was a big eye-opener to see the holes in my FI goals and slowly fill them in, for example, starting an IRA in April!  Now, a few months later, I am happy to let it all hang out (minus my identity!) and blow in the wind.  It feels freeing to say this is who I am (financially) and I am open to hearing any thoughts or ideas about where I can go from here.  I also love to help people get on track so feel free to reach out at any time!!  🙂

So, back to my first post…I called it The Million Dollar Club and My 2016 Half Year Financial Update…catchy.  😉  Feel free to read it in full, but here are the cliff notes:

Not bad.  My overall goals were as follows:

1. Max out my 401K
2. Max out my ROTH
3. Max out my HSA
4. Keep contributing to Savings accounts up to 50K (planning for a down payment on a property)
5. Dump the rest into index funds

So, without further ado, here is where I am three months later…

16 half assets.png

Income vs Savings

Let’s break it down:

Overall my assets are up $22,885 since the end of June.  Sweet!  Out of that I really only saved $11978.95 from my earnings – the rest is account fluctuations due to brokerage and retirement accounts (+8k in my 401K alone!) and other accounts I don’t count in my savings like additions to my daily checking account, travel fund, and profit-sharing from my company.

You can see my savings rate fluctuated quite a bit from July to September.  Most of that is due to funds being funneled into my travel account for my trip to Thailand – again, I do not count the money I put in my travel fund in my savings rate.  It is money already earmarked to be spent.  I DO, however, count it in my overall assets because it is liquid and available if needed.  Besides funneling $600 into travel, I also paid $350 for a deposit to a trip to Cuba AND bought my FinCon 2017 ticket ($189 well spent!).  Had I saved that money instead, I would have bumped me up to 69% including 401K.  I could get down on myself for not reaching my goal, but that’s not my style – I would rather have the trips and experiences!!   

Not shown on these sheets is my average savings rate for the year which is 72.94% without 401K and 78.46% including it.  These numbers are most important to me because the savings rate phenomena is what started me on this journey to FI.  My goal for the year was to save 70%.  Once I started tracking and saw where I was at, I bumped that number to 75%.  I haven’t hit it every month but, due to the fluctuations in my pay, I am still averaging close to it.  Please note: NONE OF THIS WOULD BE POSSIBLE (FOR ME) IF I DIDN’T OWN MY HOME OUTRIGHT!!

How about my overall finance goals?  So far they are all on point:

1. Max out my 401k for – $11867 with $6132 to go
2. Max out my ROTH – $4195 as of September 30 (currently at 5k…500 to go!!)
3. Max out my HSA – $2774 (contributing $576 to go = $192/paycheck)
4. Keep contributing to Savings accounts up to 50k (slowly making my way at 31k)
5. Dump the rest into index funds (+$1800)

MAN!  That’s a lot of numbers!!  If you made it this far, I thank you for reading.  I know these posts aren’t interesting to some, but these nerdy calculations are exactly the sort of thing that fuels my FI fire.  When I’m looking at my spreadsheets my BF likes to tease that I’m watching porn…it’s so true!!  Finance porn!  🙂

SO where are you at this month?  Are you tracking your spending/savings?  Did you hit any goals this month?  I would love to hear from you!  Also, if you see any holes in my numbers please feel free to point them out…I’m certainly no math wiz and I love hearing other perspectives.  Likewise, if there is anything I can do to help you out or get you started please leave a comment or shoot me an email!  Sometimes it is hard to start the ball rolling but once it does it gets rolling fast.

Until next time…

12 thoughts on “Getting Financially Naked – 3rd Quarter Financial Update

  1. I’m glad to see how free you feel from getting financially naked. Thanks for sharing your financial nudity with us all 😉

    Your savings accounts grew very nicely, I am very impressed with your average savings rate! I know you do own your home outright and that eliminates a lot of expense.. But to resist the temptation of lifestyle inflation is hard! You are smashing it 🙂



    1. Haha – I promise to cover up until the last quarter!! 🙂

      You’re so right – definitely couldn’t save what I do without owning my place. Lifestyle inflation isn’t too bad for me. I’ve had it all, lost it all, and realized that none of it was worth the time it took to get it all. Now I live a pretty frugal lifestyle but I do like to splurge on travel…and boxed wine! 😉

      Liked by 1 person

    1. I just popped over to check it out – good for you!! I’m glad you’re on the blogger net worth page too – it has been a great motivator for me. Do you have a specific goal in mind with your dividend income? I definitely need to start calculating what my dividend income is. So much to do! 😉 Thanks for stopping by!

      Liked by 1 person

  2. Oh yes, I understand the flight trade part even though I am not a flight attendance. (Maybe I should join one xD)

    Hats off to you for overcoming the fear. I get anxiety attack if I do that. I know I can hide my identify and I should because that’s why I start a financial blog but ..


    1. Hi Lynn! You’ve taken an awesome first step by starting your blog. 🙂

      I started writing 6 years ago with a lifestyle/home improvement blog. It was much easier to talk about my garden and construction projects than my money!! But things changed and my garden/house are gone. In fact, my whole outlook has changed since I quit writing a few years back. I want less stuff and more freedom. Writing about my FI goals has been a great outlet (and motivator) for my journey towards early “retirement”.

      If you haven’t already, I suggest heading over to Budgets are Sexy and reading some of J Money’s financial updates. He is the reason I felt comfortable being able to post my numbers. If you really want a push, search for a post on The Million Dollar Club. He will add you and your blog to the list and you won’t feel so alone surrounded by other bloggers trying to accomplish the same thing. Also, my identity is private not due to the finances but because of my work and our social media policy. 🙂 I don’t want to piss anyone off before retirement!

      Thanks for reading and taking the tie to comment!


    1. That’s awesome! I was stoked to hit 200k after my big downfall a few years back. I know you’ve had your own setbacks so it’s good to know I am in good company!! Perseverance pays off. 🙂

      As for the fluctuations, 3 things come to mind…

      1. My income is based on what I work…essentially I am an hourly employee. I’ve been at the company 15 years so the flexibility at my seniority is ridiculous making it difficult to go to work when I know I can just give my trips away! This year I set a goal to work 100 flying hours a month. In past years I was lazy and averaged 40-60! Actually seeing what I can make at this level is sad when I know how much I gave up in previous years…I could have retired already! 🙂

      2. I have a side gig that is hard to explain but is basically day trading. Instead of trading stocks, I trade flight attendants trips. If they don’t want to work a trip they will add a cash incentive for someone else to work it. I will take their trip + the cash incentive and will trade it to a better trip that I know another flight attendant will take for free. I pocket the cash and they take the trip. This gig varies on income based on the seasons and desperation of flight attendants. If it’s summer they put a lot of money on trips. If it is October they put very little. And if I take the trip it is up to me to either work it or give it away. If I can’t give it then I must work it. Make sense? I’ve been with my BF 2 years and he still doesn’t understand. 🙂

      3. The other factor is travel. For example, this month I was gone the first two weeks of October. I won’t be able to make up that time so I know my paycheck in September will blow but my trip was so worth it!!

      Such a long response but with a savings rate like mine I feel explanations are sometimes needed. Obviously, living without rent or a mortgage is a huge factor. The others are that I rarely eat out (unless on vacation) and I don’t buy “stuff” anymore. I have the same old car I’ve had 10+ years and when I travel I fly for free or close to it. Small changes but they’ve really added up over time.

      Thanks for stopping by and congrats again on the near 200k mark. 👍🏼💃🏻 🙂


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