I said back in April that I was trying to start building up a Fuck Off Fund, and I really wanted to take it seriously. Without talking specific numbers, I said that I wanted to save up six months of living expenses – at my current standard of living – and have it in a savings account. Just in case.
I also said that I expected to hit 10% of that savings goal by the end of Q2. Here’s an update.
Yes, I have been saving, but I hit a bit of a setback between changing jobs, getting an expedited passport (I still need to get that expense reimbursed from work), and traveling to Columbus, Santa Fe, and Costa Rica all in the same month. My ability to save was somewhat stymied. I still made a good faith effort though.
It’s the last payday of Q2 and I’ve managed to save 5.7% of my Fuck Off Fund total savings goal. So a little better than half of my somewhat ambitious original declaration. Not bad, seeing as how I didn’t even announce my savings intent at the beginning of the quarter.
However, this is slower than I would ideally like to be saving. I don’t have any international travel plans coming up, and I think 10% per quarter is a reasonable target, so by the end of Q3 I would like to reach 16% of my total Fuck Off Fund savings goal.
Again, probably no one cares about this, but many sources online say that announcing your intent to people you know helps with accountability. Feel free to poke me periodically about how my journey to financial responsibility is going.
This is a total stream of consciousness braindump about the fact that I’m bad at money.
An issue I seem to run into again and again is that I wait until I’m so miserable that I can barely breathe before I start looking for a new job. I tried to avert that this time around by telling myself in January that I would give it until the end of Q1 before committing to either staying or going. By the end of Q1 I was read to scream in each and every meeting I attended, and absolutely ready to move on. I should have trusted my gut feeling in January that this was an untenable situation and taken action then.
Part of the reason I’m so consistently waiting out bad situations is the fact that I’m bad at money, and I look at my savings account and know that it’s not going to go as far as I need it to if I quit without a backup plan. I’m very happy with the new offer that I got, and I’m glad that I waited for it, but it would have been so much nicer if I could have searched for a job knowing that I could walk away and devote my entire attention to a job search.
So, even though it’s solidly into Q2, I’ve decided that 2019 is the year I get serious about building up my Fuck Off Fund. I need to work on saving up enough money to live comfortably with no additional income for 6 months. I have a number budgeted out, and the worksheet I got off of the official Fuck Off Fund website says to announce to 3 people that saving for emergencies is a priority for me in order to increase external accountability.
Since there are about three or four people who know that this blog exists, I’m going to consider this my public accountability announcement. I’m trying to save money. Feel free to ask me how it’s going. I will try to update here every so often, but I don’t know that I feel comfortable discussing exact numbers. I think I should hit my 10% milestone by the end of Q2. Wish me luck.
Note: the hero image for this post is a piece of glitch art I made by vertically RGB channel shifting the image, and then pixel sorting it by white values, which creates the great green circle with the face shaped negative space in the middle.