Category Archives: Balance Sheet Updates

All of Balance Sheet (Net Worth) Updates.

October 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you a quick snapshot of your financial life.

Overall October was an okay month with a small gain. Considering most of the losses were due to an expense heavy month being on vacation with family and the continued value decline of my car, I’ll take it. Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund: $4502.51 (+0.37). Thinking about possibly dropping this amount down a bit to free up some money to invest with over the next few months. Having 6 months of expenses saved up is nice but with a steady job working for Uncle Sam and very low interest rates, it’d be nice to be able to put some of this money to work.

Cash Savings: $2975.96 (-831.91).

Roth IRA: $13,186.12 (+343.87). After maxing out this account earlier in the summer, it’s just riding the ups and downs of the market at this point along with dripping dividends.

Brokerage: $15,166.03 (+1932.22). Bought some more KMI, rest is due to market gains.

Loyal3: $3365.81 (+32.39).

Thrift Savings Plan: $1661.10 (+109.73). I started contributing a small portion of my paycheck to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one portfolio where I’m investing primarily for total return as these funds do not pay dividends. However, they do have some of the lowest expense ratios you can find in a retirement plan.

Auto Worth: $4316.00 (-318.00). The value of my ‘ole Chevy sedan continues to slowly decline as to be expected. The only reason I include it here is that is is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value. Also a nice reminder each month to not think of cars as an investment.

Assets Total: $45,173.53 (+1,268.67).

Liabilities

Credit Cards: $833.25 (+422.40). As I never carry a balance on my cards and the billing cycles ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards! ;)

Net Worth: $44,340.28 (+846.27). Overall a solid month, especially after a lot of expenses.

 

How was your October for finances? Do you track your net worth and if so, are there any other items you track? Share below with a comment and thanks for reading!

September 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you a quick snapshot of your financial life.

Overall September was an okay month with a small gain. Considering most of the losses were due to lower stock prices, allowing me to invest new money at lower prices (and higher yields!), I’m not complaining. 🙂 Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund: $4502.14 (+0). No interest this month as my bank paid it out a day late for some reason. Thinking about possibly dropping this amount down a bit to free up some money to invest with over the next few months. Having 6 months of expenses saved up is nice but with a steady job working for Uncle Sam and very low interest rates, it’d be nice to be able to put some of this money to work.

Cash Savings: $3807.87 (-237.93).

Roth IRA: $12,842.25 (-365.33). After maxing out this account earlier in the summer, it’s just riding the ups and downs of the market at this point along with dripping dividends.

Brokerage: $13,233.81 (+1107.19). Added to this account this month with about $1500 in new money invested.

Loyal3: $3333.42 (+243.04).

Thrift Savings Plan: $1551.37 (+55.39). I started contributing a small portion of my paycheck to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one portfolio where I’m investing primarily for total return as these funds do not pay dividends. However, they do have some of the lowest expense ratios you can fund in a retirement plan.

Auto Worth: $4634.00 (-206.00). The value of my ‘ole Chevy sedan continues to slowly decline as to be expected. The only reason I include it here is that is is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value. Also a nice reminder each month to not think of cars as an investment.

Assets Total: $43,904.86 (+596.36).

Liabilities

Credit Cards: $410.85 (+134.40). As I never carry a balance on my cards and the billing cycles ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards! ;)

Net Worth: $43,494.01 (+461.96).

 

How was your September for finances? Do you track your net worth and if so, are there any other items you track? Share below with a comment and thanks for reading!

August 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you a quick snapshot of your financial life.

Overall August was a solid month. With so much of my time devoted to school work for Airman Leadership School I almost completely ignored stock research and blogging for most of the month, making only some small purchases through Loyal3 so I’ve built up quite a bit of cash here lately that I’m looking forward to be putting to work here soon. Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund: $4502.14 (+.38). Yay for interest! ;)

Cash Savings: $4045.80 (+142.67). As mentioned above, I’ll be spending some of this on stocks here in the next few weeks.

Roth IRA: $13,207.58 (+339.76). Just following the ups and downs of the market for now as I maxed out the account with my purchase of Deere (DE) in June.

Brokerage: $12,126.62 (+102.07). No activity this month.

Loyal3: $3090.38 (+676.13). Made a lot of small purchases in August through my commission free Loyal3 account, buying shares in McDonalds, Coca-Cola, Target and Wal-Mart.

Thrift Savings Plan: $1495.98 (+148.43). I started contributing a small portion of my paycheck to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one portfolio where I’m investing primarily for total return as these funds do not pay dividends. However, they do have some of the lowest expense ratios you can fund in a retirement plan.

Auto Worth: $4840.00 (-145.00). The value of my ‘ole Chevy sedan continues to slowly decline as to be expected. The only reason I include it here is that is is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value. Also a nice reminder each month to not think of cars as an investment.

Assets Total: $43,308.50 (+1264.44).

Liabilities

Credit Cards: $276.45 (-711.16). As I never carry a balance on my cards and the billing cycles ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards! ;)

Net Worth: $43,032.05 (+1975.60). After my first month over month loss from June to July, back on the positive side this month.

 

Disclosure: I am long DE, WMT, MCD, TGT and KO.

How was your August for finances? Do you track your net worth and if so, are there any other items you track? Share below with a comment and thanks for reading!

July 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you a quick snapshot of your financial life.

Overall July was an all right month, considering the high level of expenses that I had. Used up a lot of my cash reserves with apartment related expenses plus added to my position in Philip Morris (PM) toward the end of the month. Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund: $4501.76 (+.38). Yay for interest! ;)

Cash Savings: $3903.13 (-976.40). Combining this amount with the increase in credit card debt accounted for all of my initial apartment costs-security deposit, first month’s rent, renter’s insurance, furniture, etc.

Roth IRA: $12867.82 (-301.82). Just following the ups and downs of the market for now as I maxed out the account with my purchase of Deere (DE) in June.

Brokerage: $12024.55 (+1172.71). Added to my position in Phillip Morris (PM).

Loyal3: $2414.25 (-65.43). No activity this month except for a small dividend check from Coca-Cola. Investing some cash here is one of my goals for August with both Coca-Cola and McDonald’s recently dipping into my price range.

Thrift Savings Plan: $1347.55 (+42.17). I started contributing a small portion of my paycheck to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one portfolio where I’m investing primarily for total return as these funds do not pay dividends. However, they do have some of the lowest expense ratios you can fund in a retirement plan.

Auto Worth: $4985.00 (-313.00). The value of my ‘ole Chevy sedan continues to slowly decline as to be expected. The only reason I include it here is that is is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value. Also a nice reminder each month to not think of cars as an investment.

Assets Total: $42,044.06 (-441.39).

Liabilities

Credit Cards: $987.61 (+894.48). As I never carry a balance on my cards and the billing cycles ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards! ;)

Net Worth: $41,056.45 (-1335.87). First month over month loss since I started tracking this back in January which was to be expected considering all of the expenses I had planned for July. Depending on the markets, I plan on getting back to positive increases here in August.

 

Disclosure: I am long DE, PM, MCD, and KO.

How was your July for finances? Do you track your net worth and if so, are there any other items you track? Share below with a comment and thanks for reading!

 

June 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you a quick snapshot of your financial life.

Overall June was a solid month, continuing to increase my net worth by more than the amount I’m saving each month. Just shows you what happens when you use your money to buy cash producing assets. Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund: $4501.38 (.37). Yay for interest! 😉

Cash Savings: $4854.53 (-1277.72). One large order of Deere stock will do that for ya. The majority of the rest is set aside for all the up-front expenses moving off-base will incur: security deposit, furniture, etc.

Roth IRA: $13,169.64 (+2476.72). Added 23 shares of Deere (DE).

Brokerage: $10,851.84 (+243.49). Just following the ups and downs of the market at this point. With my Roth now maxed out for the year, I’ll start adding to this account once again.

Loyal3: $2479.68 (+451.12). Added to my position in Target (TGT) and opened a new one in Dr. Pepper Snapple (DPS).

Thrift Savings Plan: $1305.38 (+128.53). I started contributing a small portion of my paycheck to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one portfolio where I’m investing primarily for total return as these funds do not pay dividends. However, they do have some of the lowest expense ratios you can fund in a retirement plan.

Auto Worth: $5298.00 (-418). I guess the market or Kelly Blue Book anyways doesn’t like 10 year old Chevy’s. The only reason I include it here is that is is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value. Also a nice reminder each month to not think of cars as an investment.

Assets Total: $42,485.45 (+1604.51).

Liabilities

Credit Cards: $93.13 (-131.08). As I never carry a balance on my cards and the billing cycles ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards! 😉

Net Worth: $42,392.32 (+1735.59). Back on track after an expense heavy May ate into my returns.

 

Disclosure: I am long DE, TGT, and DPS.

How was your June for finances? Do you track your net worth and if so, are there any other items you track? Share below with a comment and thanks for reading!

 

 

May 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you a quick snapshot of your financial life.

Considering the high level of extra expenses I had in May, I think overall I had a decent month. Due to the expenses and situations back home, I didn’t make any investing activities this month so all investment account value changes are due to the market. Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund:$4501.01 (+.73). Yay for interest! 😉

Cash Savings: $6157.25 (+558.15). This includes all short-term savings and my checking account.

Roth IRA: $10,692.92 (+123.96). Just market gains at this point. Apple continues to lead the way on that front.

Brokerage: $10,608.35 (-140.92). Just following the ups and downs of the market at this point plus some new dividends.

Loyal3: $2028.56 (-61.42). No new purchases this month as I focused on building up cash after a few large expenses used up most of my investing capital.

Thrift Savings Plan: $1176.85 (+112.42). I started contributing a small portion of my paycheck to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one portfolio where I’m investing primarily for total return as these funds do not pay dividends. However, they do have some of the lowest expense ratios you can fund in a retirement plan.

Auto Worth: $5716.00 (-22). My car value continues to trend downward which is to be expected for a 10 year old car. The only reason I include it here is that it is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value.

Assets Total: $40,880.94 (+545.92).

Liabilities

Credit Cards: $224.21 (+31.97). As I never carry a balance on my cards and the billing cycles ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards! 😉

Net Worth: $40,656.73 (+513.95). Compared to last month, May was a much smaller gain, but all the categories continue to trend in a favorable direction.

How was your May for finances? Do you track your net worth and if so, are there any other items you track? Please leave a comment below and thanks for reading!

Disclosure: I am long Apple (AAPL).

April 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise in my opinion since it provides you with a quick snapshot of your financial life.

April was a great month for me as I received both my federal and state income tax returns in addition to my regular paychecks for income. Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund: $4500.28. (+0.28). Yay for interest. 😉 I started reporting this separately last month and reorganized my savings accounts so that this money is completely separate and all in one account.

Cash Savings: $5599.10 (+1108.29). This includes all short-term savings and my checking account. I reported last month that I had saved about as much as I figured I’d need to move out into my first apartment later this year plus other upcoming expenses so I’m probably done building this up for the time being. This recent addition is pretty much all due to my recent paycheck which should be spent soon between expenses and some more investing.

Roth IRA: $10,568.96 (+3246.27). $2800 of this is from depositing my tax return and the rest is from market gains/dividends (thanks Apple!)

Brokerage: $10,749.27 (-49.46). Until my Roth is maxed out this year I don’t plan on making any additional purchases so this one is just subject to the ups and downs of the market. I’m currently withdrawing all of my dividends received to put towards Loyal3 buys.

Loyal3: $2089.98 (+980.06). With my tax return taking care of some new buys for my Roth I put all of my normal monthly investing money to work here. More to come on that when I do my next investing recap.

Thrift Savings Plan: $1064.43 (+87.45). I started contributing a small portion of my paycheck each month to the TSP in March, splitting my contributions between a S&P 500 and a small-cap stock index fund. This is the one part of my portfolio where I’m investing primarily for total return as these funds do not pay dividends. They do have some of the lowest expense ratios you can find in a retirement plan however.

Auto Worth:$5738.00 (-82.00). My car value continues to trend downward which is to be expected for a 10 year old car. The only reason I include it here is that it is the one non-financial “asset” that if I ever needed to sell, could probably get close to its market value.

Assets Total: $40,335.02 (+5315.89).

Liabilities

Credit Cards: $192.24 (+17.93). As I never carry a balance on my cards and my billing cycle ends in the middle of each month, this is simply my current balance at the end of the month. Like a lot of personal finance bloggers, I’m only in it for the rewards!

Net Worth: $40,142.78 (+5297.96). Great month overall and both tax refund checks certainly helped a lot. My goal for 2014 is to get this to $40,000 so while I already hit this mark in April, I still have a lot of upcoming one-time expenses for the year which should lower it in the coming months.

How was your April for finances? Do you track your net worth and if so, are there any other items you track? Please leave a comment below and thanks for reading!

Disclosure: I am long Apple (AAPL).

March 2014 Balance Sheet

Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise and something not many people do on a regular basis. While it doesn’t show how much dividend income I’m pulling in, which is how I plan on achieving financial independence early, it does provide a good overall snapshot of my financial life. Note: the +/- after each category total represents the change only from the prior month.

Assets

Emergency Fund: $4,500.00 (+$0). Starting this month I’m going to report this separately from my other cash savings as it will generally remain steady unlike the cash savings listed below.

Cash Savings: $4490.81 (+$1203.29). Continued to pack away money to prepare to move into my own apartment off base later this year. I’ve pretty much saved as much as I figure I need in order to pay the first few month’s rent, plus all the other expenses such as furniture, etc. Whatever I don’t use will probably go to my Roth.

Roth IRA: $7,322.69 (+$670.66) Added in the $721.50 I got back from a college tuition refund and used it to buy some Kinder Morgan Inc. Continuing to drip all holdings as I only plan to make a few more purchases in this account the rest of the year.

Brokerage: $10,798.73 (-$529.91) The majority of the cash I had in this account plus all dividends I received throughout the month I withdrew in order to fund my Loyal3 purchases. It’s like selectively reinvesting dividends, but commission free! 😉

Loyal3: $1109.92 (+$776.70) Continued to add to my positions in Coke and Target, plus initiated a position in McDonald’s.

Thrift Savings Plan: $976.98 (-$9.47). Although I started investing in this account again in March, none of the new deposits have hit the account yet so not much of a change here. I’m investing in a combination of an S&P 500 index fund and a small cap index fund.

Auto Worth: $5,820.00 (-$435.00). After last month’s weird gains, this has started to trend downward again. Nice reminder to myself to not think of cars as an investment. The only reason I include it here is that it’s probably the one non-financial asset I have that if I ever needed to sell, could probably get close to its market value.

Assets Total: $35,019.13 (+1,676.27)

Liabilities

Credit Cards: $174.31 (-$197.57). As I never carry a balance on my cards and my billing cycle ends in the middle of each month, this is simply my current balance on the last day of March.

Net Worth: $34,844.82 (+1873.94). I was really helped along this month with getting my tuition refund check back plus general gains in the market overall. My goal for 2014 is to get this up to $40,000.

How was your March for finances? Do you track your net worth and if so are there any other items you track on yours? Please leave a comment below and thanks for reading!

February 2014 Balance Sheet

Hello there! Today I’ll be sharing my personal balance sheet, listing all of my assets and liabilities to figure out what my current net worth is. Tracking your net worth is a good exercise and something not many people do on a regular basis. While it doesn’t show how much dividend income I’m pulling in, which is how I plan on achieving financial independence early, it does provide a good overall snapshot of my financial life. Note: the +/- after each category total represents the change only from the prior month.

Assets

Cash Savings: $7787.52 (+$1196.64). Nice increase from last month as I continue to pack away money in anticipation of moving out of the barracks this summer. $4500 of this continues to be my Emergency Fund.

Roth IRA: $6652.03 (+199.06). Haven’t added any new money yet this year so this increase was all a combination of market gains and dividends received. Once I finish saving up for my apartment and adjusting my emergency fund to match my new monthly expenses, I plan on dumping all extra savings into this at the end of the year.

Brokerage: $11,328.64 (+590.90). Similar to the Roth, this increase was from market gains and dividends received.

Loyal3: $333.22 (+57.56). This was the one investment account that I contributed to this month, partly because I can’t save all my excess cash without investing some of it, investing can be addicting :). Just continued to dollar cost average into Coca-Cola stock without paying any commissions.

Thrift Savings Plan: $986.45 (+26.70). As mentioned earlier, February will be the last month of just passive market gains in this as I will be restarting my contributions for March.

Auto Worth: $6255.00 (+$109). Hmmm. I guess the used car market for 10 year old Chevy sedans is increasing? 😉 Just continuing to go off what Kelley Blue Book gives me. Overall I expect this category to generally trend downward long-term.

Assets Total: $33,342.86 (+$2179.86)

Liabilities

Credit Cards: $371.88 (+147.26). As I never carry a balance on my cards and my billing cycle ends in the middle of each month, this is simply my current balance on the last day of February.

Net Worth: $32,970.88 (+2032.50). Not a bad month overall. I was able to increase my Net Worth by $2032.50 while bringing in $2017.02 in income and spending $542.12 in expenses. That’s a successful month in my opinion and shows just how awesome it is once you start investing and putting your money to work for you.

Do you make a balance sheet/net worth statement each month/quarter/year? Are there any other items you track on yours? Please leave a comment below!

January 2014 Balance Sheet

At the end of every month here on the Starting From Zero Blog I’m going to share an update of my net worth. Although it is not as important as the amount of passive income I am producing which will eventually allow me to achieve financial independence, I think it is still a good metric to use as it allows a good snapshot of my current financial situation.

Even though I started this blog this month I’m posting January’s Net Worth Report as that was the month I started tracking it in my own personal financial records. Besides, showing everything here on the blog from January to December just seems easier than a February-January schedule ;).

Cash Savings: $6590.88. This includes both my emergency fund, any additional savings, and all physical cash on hand. I have all these funds separated in different accounts but am combining them here for the sake of simplicity. The emergency fund makes up $4500 right now and I will be increasing this amount in the future as my living expenses grow.

Roth IRA: $6452.97. Haven’t made any contributions yet this year so this is just what the 2013 contribution has grown to so far.

Brokerage: $10,737.74. This is my taxable brokerage account where I made the majority of my retirement savings in 2013. As I plan on retiring early I am going to need to access some my retirement savings prior to the normal 59.5 withdrawal age for IRA’s and 401k’s.

Loyal3: $275.66. This account I started this year after reading about it from several different authors on Seeking Alpha (side note: if you are interested in Dividend Growth Investing and managing your retirement portfolio you HAVE to check out this site, it’s one of my main sources for stock research). Loyal3 is a relatively new start-up brokerage company that allows you to purchase stock commission free through company’s direct purchase plans. With Loyal3 you purchase stock in whole dollar amounts starting as low as $10.00(!!!) so it is really perfect for those starting out. I plan on sharing more on Loyal3 on here soon.

Thrift Savings Plan: $959.75. While the TSP is a great vehicle for pre-tax retirement dollars (and they now offer a Roth option!) it only offers index funds to invest in. This isn’t necessarily a bad thing since using it provides a solid foundation for my retirement savings to go along with my individual stocks. I only briefly contributed to this when I first joined the military before stopping it (stupid as I missed out on a great bull market in 2012/13) to save up money to begin individual stock investing. I am starting contributions again next month at 4% of my base pay (using the traditional pre-tax option as a balance to my Roth IRA). All of my future contributions will be gong to the “C” Fund, a S&P 500 index fund.

Auto Worth: $6146.00. For this category I’m choosing to use the current Kelley Blue Book Value. I drive a ’04 Chevy sedan which although not as flashy as most single 20 something’s vehicles, allows me to not spend a whole lot on gas and insurance. I paid about $8000 for it a little over 2 years ago (KBB value of $9k) so it has already depreciated quite a bit.

Assets Total: $31,163.00. Holy S#!%! That was my first reaction when I started tracking this last month after seeing so many other financial bloggers out there doing the same. I was honestly surprised after only actively investing for a year and not really tracking the combined totals of everything.

Liabilities: $224.62. The only liability I have are my two credit cards which I pay off monthly so I never pay interest. Since I calculate my net worth on the last day of the month I just use whatever the current balance is on my cards (my billing cycle ends in the middle of the month). But rest assured, these are being paid off each month in FULL!

January Net Worth: $30,938.38. There were several ways I could have calculated this to increase it. I could have choose to add more assets such as personal possessions (laptop, clothing, etc.) but choose not as none of these really appreciate in value. I included my car in order to track it’s declining value over time and of all my non-investment assets, this would probably be the easiest to sell and get a price fairly close to the value depicted here.

Do you make a balance sheet/net worth each month/quarter/year, etc? Are there any other items you track on yours? Please feel free to leave a comment below!