Monthly Archives: June 2016

Mid-2016 Update

Man have I been busy, and not paying much attention to Fervent Finance. The month of May included packing up my old apartment, selling furniture, moving to the Midwest, traveling for work, traveling back to the Northeast for a wedding, finding a new gym, researching purchasing a bike, and many more things I’m probably forgetting. June, so far, has included traveling for work, buying a bike, and another wedding.

The move to the Midwest has been a great transition for me so far. I am enjoying being back in the burbs with lots of room to roam and with my significant other. I have a nice home office setup which has worked out great.

From my picture at the top of this post you can see I just bought a bike! I’m super excited about it. I have spent about $350 on the hybrid bike and accessories so far (accessories not mounted in the picture). There are bike paths and trails all around me that I’m pumped to explore. I’ve found I live in a pretty decent biking community. This is a pretty big expense for me, but it’s much cheaper than buying a car! I hadn’t biked since I was a kid and forgot how much fun it is. Definitely no regrets so far.

My finances have been way more boring than my actual life. My expenses have averaged $2,453 per month for the first five months of 2016. My goal for 2016 is to spend less than $30,000 (or $2,500 per month), so I’m on pace. I think I should definitely hit that goal since for a little over four months of this year I was living in Manhattan, and now I’m in the Midwest. My savings rate is hovering around 60%, but this should go up the remainder of the year due to the fact that my compensation is somewhat concentrated in the last four months of the year due annual raise and bonus time falling then.

I’ve recently ratcheted up my 401k deferral to 60% in an effort to max it out in July. It is a little tough to see my paychecks shrink, but will be nice to have my paychecks for the final five months of the year be without 401k deferrals. My brokerage account will definitely feel the love during that period.

The girlfriend and I have already devised a nice system for splitting expenses. It’s working great so far. Personally I believe since we discuss finances regularly, it puts us ahead of the game, and gives us one less thing to argue about.

I’m attempting to up my amateur travel hacking game and am currently in the process of booking a free trip to Cancun for the winter. Haven’t locked it down yet but I have the award nights and points in the bank to do it. I haven’t been to Cancun since spring break in college and think it will be a nice change of pace to go with my significant other, rather than during spring break with my college friends. Can anyone say cocktails, naps, and the beach?

The blog has definitely fallen to the wayside due to me spending more time with my significant other, getting into biking, continuing to work out, and traveling for work. But hey, priorities tend to change and I like to be outside during the summer months (at least when work lets me get away from my computer for a while).

How is the start to your summer going, personally and financially? Do you find yourself concentrating on different hobbies and projects as time goes on and seasons change?