How not to budget.
Buy the Michelin star starter.
A war began in February by the way. Yep. A full scale war, initiated by Vladimir’s invasion of Ukraine. I am a history graduate so I have spent some time studying wars. Its clear that Putin’s warpath is an attempt to hide his insecurities. However researching this war feels very different. It isn’t just some text in a book or article that I have re read the hundredth time and still don’t understand. Its happening in real time and I am old enough to understand what is happening. War makes everything else seem so insignificant. Financials are meaningless if your country is war stricken and the world is on edge wondering whether there would be a nuclear war and assured annihilation. To those in the Ukraine fighting for their country and lives, my heart goes out to them.
This is still the IgnorantView, and the start of a new month calls for a financial update. TL:DR February is a write off, a month that lasts as long as a newly released Netflix 10 episode season does not count in my eyes. I tell this to myself to try and feel better. In terms of investments and budgeting, it was terrible. So if you want to make yourself feel better at the fact that I am doing terribly financially, please read ahead.
Three hundred pounds. That was the amount I spent on eating out. I spent this amount in the space of 10 days. You are wondering why? I am too, trust me. My significant other visited me for 10 days, and you can imagine date nights, takeaways and snacks were on the agenda. The budget for the visitation was £200, and that was being veerryy generous. So how I managed to reach £300 beats me. My partner is everything to me, and so I wilfully spend on our experiences together. It also helps me to sleep at night when I remember today is promised, but tomorrow is not.
What I tell myself does not work. The pain is still paining.
With that tormenting experience out the way, my financials have been quite stagnate during February. I am on track with my short term savings, as this is the first thing I transfer out my account when I get paid. By debt repayment is next, and I have been aggressively repaying my store credit card. My emergency fund is still behind and my February expenditure hindered my progress in this area.
My investment progress has particularly slowed down. The market is in a very turbulent area. I am currently trimming profits and sitting on cash in my stock portfolio, waiting to capitalise on a bigger down turn. In terms of crypto, I have invested but only marginally. Again, I am sitting on the sidelines when it comes to crypto, watching for signals to enter back in. With NFTs I have failed once again to exit during a pump. I could have made a 10x on my ArcadeNFT as it shot from 0.03 eth to a high of 0.4 within 16 hours. Unfortunately, I was at work unable to capitalise as I watched the price drop back down to 0.1, where it currently sits. Yet, I am still very bullish and confident on the NFT. They continue to build and I believe there is much more upside to this NFT. He says again, hoping.
Sunk cost bias makes us oblivious to reality.
So February was a bit of a garbage month. As I said it’s a write off. We move forward. March will not be the same. As long as Putin does not get trigger happy with the nukes. All is fine right? Riiighhtt?!?!
