This has been an awesome month financially for two reasons. First, being that I was able to get my CC balance under 5000 dollars and Second, for being able to save $3600. I subscribed for ESPP (Employee stock purchase plan) at work and it had an automatic payroll deduction even before I saw the money. It was hard initially to cover all the expenses but as time passed by I was able to manage and was able to save another 150 on top of that after all bills are paid. ESPP for first part of the year ends today but I did not opt myself out of the plan which means that I would be able to save another 3000 dollars by the end of December and make a cool 15% profit since employees are given a discount on the existing market price (of course we need to pay the capital gains tax).
Seeing my CC balance under 5000 dollars makes me feel good because the number makes me feel more comfortable. I will do my best to save every dollar that I can to pay this off quickly. Ideally I would like to have it knocked out by the end of August but it would be a long shot. Nevertheless, I am happy as long as I can knock it out 3months before my India Trip.
Apart from the finances, I made a business proposal to one of good friend who lives in the same city as I do. She was looking to open up her own beauty salon but she is short on cash. I told her that I can invest 5000 dollars and asked her to think about it. Even though I do not have the skill set that is required to run a spa, I definitely do have some business experience coming from a business family myself. I will know something about it in the next few weeks and once I hear a yes from her, I will move forward. This would help me make some extra income and I can use my weekends to learn a new skill and find innovative ways to take the business to the next level.
Overall, has been a good month at work, home and financially.
A Breakdown of Our Expenses in 2016
3 days ago