The MOST Money I've Spent All Year! | What I Spend in A Month: May 2021 • Millennial Money Honey

Take a look into what I spend in a month! The world is reopening and so is my wallet 🤦‍♀️. Although spending a lot may seem counterintuitive on one's journey to financial independence, it's important to understand what you value spending on. See how I spent my money and get a look at some of the clothes and things I bought. (Did a LOT more shopping than I typically do!) I'm talking all about all my income, expenses, and savings in May 2021.

CODE: MONEYHONEYCATIE

0:00 Intro
0:49 Income
5:52 Expenses
10:51 Savings
12:01 Totals & Savings Rate
13:51 High/Lows & Reflections
15:22 Final thoughts

💰 Money Accounts I Use
Roboadvisor + High Interest Checking Account: Wealthfront
Taxable Brokerage + IRAs: Schwab
High Yield Savings Account: Ally Bank

📚 Fave FIRE Resources

🔥 ABOUT
Millennial Money Honey is my way of sharing my FIRE adventure with you. My goal is to achieve financial independence and retire early by 35 with $1.5 million dollars. By talking candidly about my own finances, I want to help you become more financially literate, grow rich, and achieve financial freedom (and retire early or become work optional). I hope to inspire you to take charge of your personal finances, whether you're figuring out how to get out of debt, learning how to budget and invest, starting your own side hustle, or on your way to becoming a millionaire. Let's be financial BFFs and talk money honey! xo

🍯 FAQ
What’s your name? Catie
How old are you? 29
How tall are you? 5'0"
What do you do? I'm a visual designer at a big tech company

🎥 YOUTUBE EQUIPMENT
Software: Adobe Premiere Pro

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⚠️ INVESTMENT DISCLAIMER⚠️
I am not a financial advisor. My videos are for educational purposes and are my personal opinions only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary, licensed financial advisor. All investments involve some risk. There's no guarantee that you will be successful in making, saving, or investing money or that you won't experience losses when investing.

#MillennialMoney #FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly #FIRE #RetireEarly #millennialmoneyhoney

[millennialmoneyhoney]

Would you count taxes as negative income, an expense, or something else?

[theretiredmillennial]

Love these videos! Great b roll and thrift finds :)

[GenZFinance]

im convinced May was super speedy for everyone! I'm also going out and eating more and enjoying this waxxed and vaxxed summer!

[EricDaMAJ]

Interesting setting taxes as a negative expense. I was kind of thinking of doing similar with a chunk of money I transferred into a high dividend stock. It's got a great dividend but it's taxed as normal income.  

The extra spending is bad but understandable with everything opening up again. As long as you keep it in mind next month you can easily make up for it.