January 2018 Money Diary: Made Some Money, Had Some Fun

Jennie here!

Ivan is away for two months in Taiwan to embark on his life-long goal of writing his first novel (more on this in the coming weeks). I’m filling in for this month’s Money Diary because he still recovering from jet lag.

January felt like it went by excruciatingly slow for us and it turns out it was because we did so much! If the January 2018 Money Diary is an indication of what’s to come...I’m pretty excited about what’s going to happen the rest of the year.

In January 2018, we had $5,611 in monthly savings and
are now at $34,258 in our total round the world trip savings.

 
 

Here are the five highlights for our latest January 2018 Money Diary…


 
Good Budget January 2018 Money Diary.png
 

1. We’ve adjusted our monthly expense goal: we’ve budgeted $2,800 a month for 2018.

We missed the goal by $23 this month but we’re still feeling good about this goal going forward. I think that we’ve been working really hard towards this eventual transition (AKA massive cuts to our spending) over the last two years and we’re finally getting the hang of it. I don’t even feel the squeeze anymore. When we first started, it was really difficult for me to adhere to a budget but now, it’s like drinking water or breathing air. It’s much more natural for me to think more logically about where, why, and how much money I spend.

2. We started our own business!

Insane, right? The upfront costs were charged to our December 2017 expenses but January 2018 was the first month we billed our clients under our new business: Origami Partners LLC. We now have several clients that we’re working with and we’re both excited to begin this strange, new - unknown chapter of our life. More posts to come on this in second half of 2018.

3. We went to San Diego for a 3-Day weekend and spent ~$155 between the two of us.

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Ivan’s old high school friends from Taiwan were having a mini reunion and I didn’t want him to miss out. One of Ivan’s high school friends from East L.A. drove us to San Diego (we covered gas) AND we stayed at another friend’s apartment for free! So the total trip expenses was primarily food and entertainment.

My general thoughts on San Diego:

  • Food is SO CHEAP in San Diego compared to L.A. Our most expensive meal was $28; we had lots of grilled meats, tacos, and burritos...And Carne Asada fries are legit.
  • San Diego is worth a weekend visit. The weather is generally warmer, the beaches are beautiful, and they’ve got gorgeous natural tide pools. San Diego was the break that I needed after a shitty work week in L.A.

4. We had a “fancy” wedding anniversary Korean BBQ lunch together for $73 (tip included).

At the beginning of the month we saved some of our eating out budget for an anniversary dinner or lunch. I dragged Ivan down to Koreatown to have an insanely decadent Korean BBQ lunch and it was perfect. The service, the amount of food...all worth it. This is as fancy as our restaurant outings get now because it’s all we really need. After lunch, we grabbed some groceries from the nearby Korean store and spent an additional $31. That’s romance, too, right? We’re living our lives together like a normal married couple. Mundane things should be celebrated too!

5. In January 2018, we started to slowly purchase our Round The World (RTW) Trip essentials.

Ivan finally gave in and bought a new $100 Kindle (e-book reader) to replace the old one he broke last year. If you know Ivan then you also know he’s the angel of death to all things technology.We also spent $210 on Uniqlo essentials for our adventures beginning in September 2018. Some of our essential purchases included an ultra light down vest and quick-drying activewear tops and bottoms. As we’re beginning to accumulate the essentials, our goal of traveling the world is beginning to feel very real and it makes me excited but also anxious to leave sooner...


Thoughts On January 2018 Spending: Treat Yourself Today


 
 

Sometimes, you just have to treat yourself.

Between launching our business and extensive preparations for our RTW trip, we sometimes forget to step back and give ourselves the chance to just enjoy our lives. Afew things got us through this long, slow month - and I wanted to share them with you:

  • We didn’t spend much money during the holidays so we jumped right into our goals in the new year. During the month of December, we didn’t spend a lot of money because we don’t really celebrate (Western) holidays. That put us in a really fortunate position to start off the year on a positive note.

  • Holiday gift cards helped us save a little money too. I got two gift cards worth a total of $50 from work in December (yay for White Elephant parties). So, I used up about $35 worth of credit on coffees and lunches from the designated cafes. It was just nice to treat myself to the occasional lunch or coffee without worrying about going over budget.

  • Ivan’s best purchase for January 2018 was his Kindle. He broke my old Kindle last year before our big train trip and has been holding off on buying a new one because he’s cheap. But he’s a writer and he needs to read; he’s already gone through most of our books in the apartment - and not reading makes him grouchy. So I’ve been encouraging him (for months) to get a new replacement because it’s vital to his work. When he finally bought it, I was relieved because he seemed little more relaxed with a fully stocked e-reader in his hands.

  • My best purchase for this month was a cheap jump rope from Daiso. Against Ivan’s wishes, I purchased a jump rope at Daiso for $1.70. It wasn’t about the money. He didn’t see the point in accumulating more “stuff”  that we’d eventually have to throw away in 6 months - but I think it was a fantastic purchase. The weekend after I bought it, we ended up competing against each other to see who could reach jump the most times. I lost. Goddamnit. However, it was really refreshing that something so small could change up our workout routine and pull us out of what could’ve been a mundane Saturday. Sometimes, you just need something minor to jolt your life in a good way.

That’s it for now folks. Happy savings in February!


How was your January? DId it go by quickly?

Did you have to re-adjust your budget after the holiday spending?

Did you have any major highlights or wins in January that you want to share?