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Balance Sheet, January 2006

This article was written by in Monthly Update. 4 comments.

We’re already one month into the new year. Time does fly by quickly. If you continue reading this entry, you’ll see my latest account balances followed by some explanations.

As you can see, I added two columns for percent changes. The first shows the change (favorable or unfavorable) over the last month and the second shows the change over the last twelve months. All of the balances are as of the end of each month.

There are no big surprises. My Roth IRA has surpassed $10,000, which was a nice milestone. My credit card — paid off in full every month — is a little high due to traffic tickets I paid online the other day. My cash and bank accounts aren’t as high as I was hoping, so I’ll have to work on building that up.

If you follow my reports closely month-to-month, you’ll see that I make revisions to the past every so often, only to increase accuracy. For example, when I found out that certain expenses would not be reimbursed by my employer, I went back several months to change the transfer to receivables to an expense.

Another big change was regarding my car loan. I accelerated my payments by applying money from web work to the loan.

My income and expense report is here.

Updated July 16, 2010 and originally published February 1, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 4 comments… read them below or add one }

avatar Neo

Congrats on another month of increases in your net worth. I will post yours along with other PF bloggers to my site shortly.


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avatar FMF

Why is your savings so high?

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avatar Luke Landes

My savings is high because I have a few short-term goals I want to keep liquid including my emergency fund, vacation fund, girlfriend fund, and relocation/real estate fund. I still have a way to go before they are fully funded.

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avatar Neo

Personal finance bloggers net worth data (chart and graph) has been posted.



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