August 2018 – Net Worth Zero!
It has only been a little over a year since I opened a blank excel (well, LibreOffice Calc, actually) sheet and started plotting the numbers of various savings accounts, investment account and my student loan debt. Since then, it has been a steady walk from underwater towards the red, and because we have never missed a student loan payment, there was always some improvement from month to month, even during the most spendy or tight ones.
This is the first time in almost a decade that I can claim to be in the black. Even though I didn’t track it then, it is no rocket science to deduce that I have been in the red ever since I set foot inside university for the very first time in 2009.
So with that, I’m not sure I could have made this month come off negative – even if I tried to!
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The pie chart
Hopefully not too confusing from last month, but I swapped the colour for various and savings around. It just seemed so ominous to have almost three quarters of the pie chart glare back at me in red!
I suppose I should preface: On any regular month, it is very difficult for me to get a savings rate much higher than 50% because of fixed expenses. The extremely high rate this month is due to receiving tax back much higher than anticipated, and much higher than my regular monthly paycheck. So the large spike in savings rate is primarily due to that!
The various is always the most interesting expense from month to month, as the others are fairly stable. This month, various included such purchases as a few pieces of used furniture online ($50) that we had been wanting. Among them a large ottoman with storage space inside. We had been looking for these for free for a year, but were never quick enough to pick them up/message on them – so we decided to throw a little bit of money at one and now have a great extra seat for guests and a place to store our board games. The other piece of furniture was a low footstool, which has been a great relief for my somewhat troublesome knees.
I also spent a reasonable chunk of change ($50) at the local farmer’s market in an attempt to go more or less plastic free for the past two weeks while Mr. Frugasaurus has been down south watching his grandmother’s dog. I debated whether or not to throw it in various or with the groceries, so that adds up too.
Another decent chunk of change ($100) has been equipment for our new friend Bast. We got him with terrarium and everything included, but all his plants were plastic. We both agreed that was not something we wanted him to live with, so we’ve biked quite a few trips back and forth to our local plant shop in order to buy him gecko-safe greenery that can help grow his home into a lush, green vivarium.
In a fit of splurging, I also decided to buy a set of four different sized Beeswax wraps. We are always working on lowering our consumption of plastic, especially single use plastic, and these have been serving amiably as good storage solution for bread instead of plastic bags. They’re not the cheapest, but it makes me happy to use them. I also bought some wax for repairs when they are worn out, and plan to use them for many years to come.
But the last and biggest chunk of change in various this month was actually a small carryover from a conference I attended in July. I have received my money back from that trip, this extra $300 was money I received in July. Balancing of the accounts and all that.
So all in all, many small leaks added to pull up the total in this month’s various. I would like to do better next month, but we will see!
Etsy sidehustle status
And then over to the part of the monthly log that I certainly find very exciting – a short progress report on FrugasaurusVault!
We were off to a very slow start for the first half of the month, with less than $10 in net profits by August 15th.
That picked up throughout the latter half of the month though! And I was very happy when the last purchase ticked in on August 31st meant I had made the same amount of sales in August as in record breaking July, even if profits were slightly less around $30 total. And every cent of it is going towards a house down payment.
Still, I am super thrilled to see that pageviews are growing and slow and steady work is paying off. I don’t expect growth to be huge now that daily routines are setting in again and the demands of full time work are upon us, but if I can dedicate a few hours every week to working on promoting the shop and posting new listings, I will be very happy.
Reviews this far have been great as well, so even if I am still a tiny shop, at least it seems my listings are transparent and honest enough so that they live up to expectations when people do purchase them. Which are all things that make me really happy.
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Over to you
How has your August been? Have you made progress towards a long-time goal, or is it more than enough to just keep your head over water while daily routines roll over us in full? The climate is definitely cooling down where I live, and frost nights have already been reported in parts of Norway. Winter is coming!