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: Continue reading “Getting Financially Naked – 3rd Quarter Financial Update”

Savings Rate Showdown…It’s a biggie!

Did you know that as of December 2015, the average personal savings rate of Americans is 5.5%??!!  Research says that number is on the rise, however, it is still much lower than the long term average of 8.34%.  That’s seriously nutty!  So, if the average American takes home 50K a year after taxes, they only save $2750 a year?!

 OUCH!  Ouch

Now let me preface the following with a few key points:

In terms of debt – I have none.  We’ve already discussed my lack of mortgage but, to add to that, I have never held a credit card balance, I missed out on student loans by skipping college minus a few semesters at a CC, my car is old but paid off and, thankfully, I have been healthy enough to have no past medical expenses…oh, and having no kids helps with keeping my costs down.

Though my debt (or lack of it) looks pretty rockin’, I am not without my financial failures and FICO score fuck ups…but for now, that’s a story for another day.

Ok…back to the showdown… Continue reading “Savings Rate Showdown…It’s a biggie!”