I was going through my budgets over the last couple of days preparing the post on Mint.com vs. Adaptu, and I realized that I need to follow my own advice. While my net income continues to slowly increase (emphasis on slowly the last couple of months), my spending has increased with my income.
While my savings has increased as well, I need to get things back into line with where I was a year ago. The biggest spending category increase has been on food and dining. I need to eat out less and cook more. I have suffered from lifestyle inflation and need to deflate a little bit.
Net worth change in May: $433 or .66%
One category that had a big increase in my Lending Club account. I am still averaging over a 10% annualized return, so I see no reason to slow down my investments there. There are risks, but I have seen no defaults and I am very picky with my loans. If you sign up through this link, you can get $25 for free to get started with Peer to Peer lending. You can get a more detailed breakdown on my recent Lending Club update. Here is my net worth breakdown for the end of May:
|Assets||$ Diff||% Diff|
|Other Real Estate||$0||$0||–|
|Total Assets||$73,994||($545)||-0.73 %|
|Debts||$ Diff||% Diff|
|Student Loans||$7,562||($51)||-0.67 %|
|Credit Card||$404||($927)||-69.65 %|
|Total Debts||$7,966||($978)||-10.93 %|
|Net Worth||$66,028||$433||0.66 %|