May has come and gone. Here are my numbers for May:
Monthly Savings Rate: 70.0%
YTD Savings Rate: 53.4%
Months Living Expenses: 99
I have successfully mothballed one of our 2 cars. This should save us approximately $200/month in terms of insurance, maintenance, and gas.
The pre-diabetic diet/exercise regime is working out well for me, I have lost approximately 18 lbs in the last 2 months. I'm feeling much better too. The only drawback is that I'm now eating mostly veggies and walking 3 miles every day.
Financial Investments went gangbusters in May for some reason, so money seems to be rushing into my coffers from all corners. I know that this kind of valuation growth cannot last forever.
After much discussion with my wife, we decided to not move to the country side for at least another 5 years. City living has it's drawbacks but we would get to FI much faster if we continued living in our current abode. Because of this decision, I will be investing over 80K of cash(our house fund) into various financial investments over the next several months.
Starting in June, we are putting our toddler son into normal Day care instead of keeping him with a dedicated nanny. If this transition is successful, expenses should be lowered by an additional $500/month.
A water pipe bursted in the basement of my rental house. The tenant was able to contain the leak with the aid of some buckets. But since I was visiting family in Connecticut and could not drive there to fix it myself, I had to call a plumber on Sunday and pay the guy $200 to fix something that I could have done myself for $50 in material costs.
Additionally, I launched my new software product in May. After an initial flurry of sales during the first week, purchases have slowed down a lot. This is really disappointing because the summer is the traditional slow period of this business, and I was really counting on this product to pick up the slack. Assuming that this product doesn't sell well, it means that my software business income is going to be significantly lower in the next 3 months. :(
Things are very difficult at the day job. The workload is super demanding, and my boss is giving me grief on a daily basis. I suspect that he might be envious of the fact that I have a wife and son while he's in his mid 40s without a family.
One of my wife's closest friends just left her husband of 9 years. She told my wife that she was entirely dis-satisfied with the "impoverished" life that he(an auto-mechanic) provided for her and their son and thought she could do better. So now this woman is living in a tiny studio apartment in Staten island with her 5 year old son.
Now my wife has been spending large amounts of money on luxury goods these past couple of months. The bulk of the purchases are on designer clothes, handbags, shoes, and a high-end "jumbo" stroller for our son costing over $1000 dollars. She has also donated around $600 to charities in the last month(which I think is great). But she was super public about it, to the point of bragging(which I do not approve of). Now one of my wife's friends have stopped talking to her, and another one has just left her husband. I have this sinking feeling that my DW's consumerism is playing a part in this. But it's her money to spend, and I need to respect that.