Checking In With My Savings Plan: April 2018 Edition

In April I received $7,772.34 in freelance income and $25.19 in book royalties, or $7,797.53 total.

Here’s how I divided up the cash:

  • $389.88 went to my HSA
  • $389.88 went to my traditional IRA
  • $1,069.09 went to federal taxes
  • $267.27 went to state taxes
  • $467.85 went to my individual brokerage account
  • $467.85 went to savings
  • That left $4,745.71 for overhead, business, and personal expenses

I was ready for April to be a high cash-flow month, and it looks like May will be another reasonably high month — which is good because I have a lot of book-tour-related travel expenses coming up in June, many of which are already on my business credit card and need to be paid off in a few weeks.

But let’s look at how my net worth has increased since last month:

I keep thinking about how I impulsively told Vicki Robin that I want to have a six-figure net worth by the end of the year. You can see that I’ve increased my net worth by $10K between July and December, and by another $10K between December and April, so if I keep adding $10K every four months, I could hit $90K this August and $100K next January.

I’d be fine pushing that goal back by a month — but we’ll have to see what happens.

Support The Billfold on Patreon

The Billfold continues to exist thanks to support from our readers. Help us continue to do our work by supporting us on Patreon.

Become a Patron!