Pretty good gain in retirement, about $10K this month. Coast FIRE now showing as 10 years away vs. 11 last month!
It's a very interesting and weird time for us financially. I wish I had time to blog here more frequently about it, but I've got so many things going on that I never get around to it! Let's see if I can sum up...
- Both units of our separate rental property are going vacant May 1. We think we have a renter lined up for June or July for one side; the other side's had some interest but none of it has come to anything. This means about a $5500 per month budget deficit.
- We're netting around $3500 on tax refunds and have $2K in the EF, so we can just cover the one month without borrowing. If both units aren't filled June 1, we may have to dip into our LOC.
- AS has freelance work lined up over the next several months, about $25K through September. Most of it won't start paying until June, but we know it's coming so may be able to help the budget shortfall (or at least help us pay down what we take from the LOC).
- I got a 3% raise, which honestly feels like a joke even as a cost-of-living raise since our expenses have gone up more like 20%-40% over the past year (utilities and groceries especially), but it's better than nothing. Netting about $150 per month more.
- AS is having some verrrry interesting talks with a guy she met through her publishing job; it's still too early to say anything definitive but she may have an exciting and lucrative job in a few months. It'll take a while for it to take shape and we're not sure when it'll materialize or what it'll mean financially, but it's super promising.
Long story short, our finances are feeling shaky and sketchy right now, but we're feeling pretty good about them turning around a bit (or maybe a lot) by the end of the year. Which is good since we still owe quite a bit on the tax bill and kitchen reno because of inflation and these income headwinds!
May 7th, 2023 at 08:12 pm 1683486741
You aren't a kidding about the 3% raise seeming to be so tiny compared to the inflation rate. It is frustrating, just when you think you are getting ahead, prices continue to rise.