Here is a breakdown of my expenses for December.
December was a another good month for expenses. I would have made my monthly goal of $1000 if it were not for medical expenses. That is getting to be a recurring theme. I have a very large medical bill that I need to pay over the next couple of months so the theme of medical bills making me miss my target expense level will continue for a while. There is nothing I can do about the medical bills I’ve already incurred, but I’m going to be much smarter about medical expenses this year. I need to stop incurring these medical expenses which never seem to improve my health.
My monthly food expense was too high again. The total was a little lower at least. This month I’m setting a budget of $50 for eating out. I have a fair amount of food in my apartment so it will be easy to keep my food expense low if I don’t spend more than my allotted amount going out to eat.
The entertainment expense was a little high due to buying a discounted Hulu gift card to prepay for a few months of Hulu. There was also a dinner expense that I put in the entertainment category. Other than that my expenses this month should be about the same as last month.
2017 Year End Net Worth
- Cash – $3139
- IRA – $35441
- Roth – $1743
- Solo 401k – $3306
- Stuff – $2000
- HSA – $1100
Student loan – $117,743
My total assets of $46,729 minus my liabilities of $117,742 results in a net worth of $-71,013. I managed to increase my net worth by about $15,000 this year. With the stock market contributing 20% returns the result should have been better, but the roughly $7200 a year interest on my student loan makes it difficult to make progress. A $15,000 increase on about $40k income isn’t too bad I guess. I plan to do better this year.