In which mistakes caught up to me, and I was not at all austere
May, in financial terms, was a bit of a disaster.
I was riding high from April, in which I somehow managed to meet my savings goal, when I got quite a shock: $1000 had disappeared from my bank accounts. That was all $860 of my hard-won Emergency Savings, and $140 from my checking account. Shit, meet fan.
What had happened was: I found a cute little duplex in Durham, where I work, to move into in July. I applied, my application was accepted and I had 36 hours to pay the security deposit. I went to my online banking site and WHAT THE F ALL MY MONEY WAS GONE. How, you may (and I did) ask, could this happen?
Well, Apparently I did not file my state taxes in 2010 (and 2011), and the NC Department of Revenue wanted $1100, and my bank gave it all to them without warning me. Surprise! I may have cried. Fortunately I had about $400 in checks in my wallet so I was okay, and I took a cash advance on my credit card, which is crazy. Several dear friends and family members offered to loan me the money but because of timing, I did the cash advance. I will be paying a stupid interest rate on that for a while, but I got the house! Moral of story: always file your taxes. It’s likely that I will get most of the money back, but that requires some check-writing, faxing and waiting, so…it will be a nice bonus whenever it comes back to me.
On top of this craziness, I failed at keeping to my budget in 3 categories: groceries, restaurant & bar, and clothing. I spent way too much on all of these things. I did try to budget for eating out and getting a few drinks, but one fancy dinner and one night of drinking got a out of control, and hangover afternoons call for delivery. Bad decisions were made, but loads of fun was had. It’s easy for me to go over on groceries. It takes real planning and concentration to stick to my grocery budget, and I lacked both a plan and focus last month. For clothing, there were some things I need for the summer and I got them. Some will be returned, but for the most part they’re things like t-shirts, which need replacing every year, and work clothes such as shorts, sneakers, socks and a modest bathing suit. This will be my uniform as a summer camp manager, and I’m stoked about it. You can read more about my wardrobe soon.
On a brighter note, here are some things I did in May that didn’t suck at all:
- I went to a magical hostel in the forest of coastal Georgia. It was inexpensive, freeing, fun and healing. The amazing Sarah D. was my traveling companion. We played our harmoniums, bathed in moonlight, slept outside-ish, and got devoured by gadflies.
- My bestie came to visit for an evening and I got to see lots of old friends who live in NYC. She also gave me a gift/loan that allowed me to refill my Emergency Savings and put some money aside for moving expenses and a washer/dryer. Thanks, T!
- I took a weekend trip to Richmond, VA to visit some friends who recently bought a gorgeous old house there. I had a chill weekend with some of my absolute favorite humans (and dog) in one of my favorite cities. I was also able to visit my favorite lingerie shop, Fiamour, where I got fitted for and bought new bras. It is amazing to have perfectly fitting bras!
For June, I have lots of plans in place to make it a more financially successful month–although, astrologically speaking, money is a tough spot for me this now, so I’m also trying to roll with the fiscal punches. My goals are to put that final $225 in my Emergency Savings, bringing it up to $1000; stash some cash in general savings for moving expenses and a washer/dryer; and stick to my budget in all categories. I also need to sell my old car.
Meet me back here next month and I’ll let you know how it goes.
Did you file your taxes?! If you skipped a year, you should go back and file them now!