Comments on: Balance Sheet and Income Statement, November 2005 http://www.consumerismcommentary.com/balance-sheet-and-income-statement-november-2005/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Mon, 13 Feb 2012 01:22:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Neo http://www.consumerismcommentary.com/balance-sheet-and-income-statement-november-2005/comment-page-1/#comment-1254 Neo Wed, 07 Dec 2005 19:53:39 +0000 http://wp.consumerismcommentary.com/?p=665#comment-1254 Since I am more of a visual person, I entered the net worth percent changes for the past three months (when available) of personal finance bloggers and created the following graph: http://neos-nest-egg.blogspot.com/2005/12/personal-finance-bloggers-net-worth_06.html Neo Since I am more of a visual person, I entered the net worth percent changes for the past three months (when available) of personal finance bloggers and created the following graph:

http://neos-nest-egg.blogspot.com/2005/12/personal-finance-bloggers-net-worth_06.html

Neo

]]> By: Flexo http://www.consumerismcommentary.com/balance-sheet-and-income-statement-november-2005/comment-page-1/#comment-1253 Flexo Fri, 02 Dec 2005 22:55:06 +0000 http://wp.consumerismcommentary.com/?p=665#comment-1253 I use Quicken 2006, having switched from Microsoft Money 2003 at the beginning of the year. I probably enter my daily expenses three times a week or so, sometimes less, which means my cash expenses are not always as accurate. (My memory isn't always good; it's been recommended I take Gingko or something.) The monthly update takes a little bit more time... When I do the monthly reviews I go over the entire month and make sure everything makes sense and then export the data into Excel to create the reports. I've got it down to a reasonably quick routine... There are ways I could be more accurate, like categorizing items on grocery receipts. That's why my pet expense is so low... usually I get cat food and litter when I go shopping, but the entire receipt gets dumped into the groceries category. I don't think the extra time it would take is worth it for that level of detail. I use Quicken 2006, having switched from Microsoft Money 2003 at the beginning of the year. I probably enter my daily expenses three times a week or so, sometimes less, which means my cash expenses are not always as accurate. (My memory isn’t always good; it’s been recommended I take Gingko or something.)

The monthly update takes a little bit more time… When I do the monthly reviews I go over the entire month and make sure everything makes sense and then export the data into Excel to create the reports. I’ve got it down to a reasonably quick routine…

There are ways I could be more accurate, like categorizing items on grocery receipts. That’s why my pet expense is so low… usually I get cat food and litter when I go shopping, but the entire receipt gets dumped into the groceries category. I don’t think the extra time it would take is worth it for that level of detail.

]]> By: Loi Tran http://www.consumerismcommentary.com/balance-sheet-and-income-statement-november-2005/comment-page-1/#comment-1252 Loi Tran Fri, 02 Dec 2005 19:09:48 +0000 http://wp.consumerismcommentary.com/?p=665#comment-1252 How long does it take to keep your budget up to date? What software do you use? Looks like you do a good job of keep track of your expenses. How long does it take to keep your budget up to date? What software do you use? Looks like you do a good job of keep track of your expenses.

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