Spending Habits: Month 3
Thanks for tuning in to the third edition of tracking my spending habits! You can read about my second month here.
Revenue
- Work: $5,131.48
- Side Hustles: $1,107.79
- IRS: $94.00
- Interest: $0.19
Total: $6,333.46
April was one of those rare months where I received three paychecks. This gave me a nice little boost to my earnings.
I had a great month for my side hustles, finally passing the $1,000 mark!
My state tax refund came in as well.
Expenses
- Rent: $954.25
- Travel & Vacation: $693.89
- Healthcare: $575.09
- Home: $426.09
- Entertainment: $324.74
- Groceries: $285.34
- Restaurants: $97.89
- Transportation: $67.28
- Bars: $44.47
- Subscriptions: $41.40
- Utilities: $37.71
- Clothing: $22.05
- Donations: $10.00
- Total: $3,580.20
Overall, I spent 56.54% of my income.
I seem to be spending more and more each month. Last month I spent $2,792.74. This month I spent $787.46 more
Most of that excess spending can be attributed to the vacation I just booked. I’m going to Miami in June for the first time. Let me know what I should do and where I should go!
I finally bought some new glasses which were over $400. I’ve had the same pair for probably 3–4 years now, so this was needed.
I bought a $250 dresser for my apartment but still need a couch. Hopefully I can get around to that this month. That’s gonna be a dent in my pocket.
I bought $200 binoculars. This was kind of an impulse buy, but so far I’m enjoying them. I have a rooftop at my apartment so it’s great to use up there to look at the moon and lake.
I went out with friends a lot more this month. The weather has been great in Chicago and we’ve been going to restaurants and bars. Naturally, I’ve spent more on food, drinks, and transportation. I expect this trend to continue into the summer, but definitely something I’ll need to monitor.
I accomplished one of my goals from last month. My March utility bill was $112.35, and I managed to bring it down to $37.71 this month. All I did was turn off my heat full time and lights when I left my apartment. We’ll see how much the A/C bill is this summer.
Net Profit
- Cash: $813.78
- Bitcoin: $700.00
- Ethereum: $647.75
- Basic Attention Token: $304.04
- Uniswap: $287.69
- Total: $2,753.26
I saved 43.47% of my income.
I put 70.44% of my excess cash into crypto. This is on par with what I want to do each month.
I bought the same cryptocurrencies as I did last month, completely unintentionally. I did allocate differently though.
Bitcoin had a rough April, which meant it was the perfect time to buy! This was my largest position this month.
I am very bullish on Ethereum for this summer. It has already surpassed $3,000 per Ether and I expect even greater upside as we enter July and August.
This rundown is mostly for me so I can make sure I’m not recklessly spending my money, but I appreciate anyone who made it this far! See you next month!
