Each month, I share a net worth update for the Brewing FIRE household. This brief summary of our financial standing serves as a progress report on our journey to financial independence.
In addition to giving a snapshot of our net worth, I will take a brief look at our spending, saving, and investing activity for the month.
June 2021 Net Worth
June was a busy month for the Brewing Fire household. With summer entering full swing, we have been out and about, and making the most of our new home. We also had the first series of visits from friends and family.
At the beginning of the month, one of my close friends came down to spend the weekend and catch up. And by catch up, I mean we caught up on the 75 beers we haven’t shared due to Covid and physical separation. On the plus side, I got to visit a bunch of breweries with him and see the Flying Squirrels play (my first live event in 18 months!). On the downside, I didn’t pace myself, and the 32oz beers nearly did me in. I should have taken Impersonal Finances’ advice.
Next, my parents came down to visit and stay with us. This, admittedly, was a more subdued affair. The grandchildren are their primary focus, of course, and so Mrs. BF and I got a brief respite as my parents continued to spoil their only heirs. Good times had by all.
Most of June was really hot down here in VA. Which is fine, because I much prefer the heat to the cold. In fact, the humidity is consistently 10-15% lower down here than it is in Connecticut. If you can find a shady spot to hide out, I find it much more bearable than southern New England.
And if it’s still too hot, there’s always the pool.
There’s an interesting phenomenon down here in Virginia that I haven’t experienced anywhere else. Not that I’ve lived anywhere else, but it certainly isn’t a “thing” in the Northeast. What am I speaking of: The Community Pool.
Where I came from, lots of people have pools. On the street we used to live, 5 out of 13 houses had their own pool. (Not us- they’re such a money pit, I would never own a pool.)
In our current area, almost no one owns a pool. In most developments, it seems like 1-2 houses have swimming pools, at most. I’m not sure if this is due to regulations and HOAs, or maybe they get too hot over the course of the summer. The solution down here is neighborhood pools, and so far I’m really digging them.
We joined a pool that’s 1.5 miles from the house. So close, I’ve been riding my bike there for brief dips. It’s a great way to immerse ourselves (literally) in a new community, and my daughter’s already making friends there. We’ve been going down late morning for a family swim and then eating lunch before heading home. They also have plenty of social events that will likely help us integrate better.
The upfront cost was a bit steep: $250 one-time fee plus $600 yearly membership. However, we’ve already gone around 10 times in the first 6 weeks it’s been open, so I think we’ll be able to get our moneys worth. The kids certainly love it!
In a mostly sideways market, we eked out a new net worth high in June. Our one speculative investment (Bitcoin) stabilized after a rough patch, and so our after-tax investments have also leveled out.
Spending and Not Spending
|Transportation||$712||Taxes, insurance, gas|
|Shopping / Misc.||$448|
|Entertainment||$1,020||Visitors, and The Pool|
|Travel||$25||EZ Pass recharge|
|Total||$8,412||minus the donation|
That’s a big number, but there were a few yearly expenses hiding on the spreadsheet this month.
- Auto Taxes: $190 – cheaper than CT at least
- Auto Insurance: $413 – semi-annual
- Pool Membership: $860
We also spent a bit more on groceries, restaurant take-out, and entertainment, as we were hosting friends and family for a portion of the month.
Lastly, I stocked up on some equipment in order to resurrect my passion project: fermenting stuff. I picked up a new fermentation chamber heater, a bunch of glass jars and bottles, and a fresh SCOBY, which totaled $100 or so.
We’re already cranking out some tasty kombucha and lacto-fermented delicacies such as king oyster mushrooms!
Income and Investing
Mrs. BF finished up her stint at the Urgent Care, and will move on to a more preferred role in Hepatology at the the local University/hospital conglomerate. As such, we’ll have a short gap in income from her transition, which we can obviously absorb with the pile of cash we’re sitting on.
Speaking of the cash. I’m actually being a bit conservative about deploying further investments into our taxable account right now, because I’m prepping for a potential home purchase in the coming months. It looks like we may be signing a contract at the end of the summer, and I’m not exactly sure about the financing terms yet, so I want to have some extra cash in case we need it. Stay tuned.
Here’s what our current asset breakdown looks like, if you’re interested. Most of that cash is reserved for an eventual home purchase.
That’s it for June. How was your month? Do people own swimming pools where you live? Have you ever tried fermenting mushrooms? Let me know in the comments.