Tag Archives: balance sheet

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!

 

 

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!