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Monthly Update

Personal Income Statement, August 2008 (Net Income: $11,582)

by Luke Landes

I mentioned in my August net worth report that there were three main reasons for my 7.7 percent increase. One reason was the stock market, which slightly lifted some of my investments. The other two reasons should be apparent from the income and expense report that is included in this post. My net income for the […]

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Personal Balance Sheet, August 2008 ($174,669, +7.7%)

by Luke Landes

It’s a long-standing tradition at Consumerism Commentary to review the details of my finances at the end of every month, and it’s that time again. I start with a “net worth report,” a list of my bank account, credit card, and loan account balances, investment values, and some more ethereal numbers like my car’s value […]

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Personal Income Statement, July 2008 (Net Income: $7,731)

by Luke Landes

My balance sheet provides a decent snapshot of my current financial state, but it doesn’t tell the complete story. While I have control over most of my investments and could sell poor performers and buy others if I so choose, I’d rather stick with what I have for the long term. Therefore, monthly swings in […]

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Personal Balance Sheet, July 2008 ($162,148, +4.5%)

by Luke Landes

It’s two months later, and I still need to achieve another $50,000 to reach my net worth goal of $210,000 by December 31. With so much of my assets tied into the stock market indexes, it’s no surprise I’m not making the progress I hoped for. When the company I work for releases its quarterly […]

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Personal Income Statement, June 2008 (Net Income: $4,364)

by Luke Landes

In June I managed to save over $4,000 of my income for myself after all expenses were paid. That doesn’t mean that my net worth grew during June, however, as I explained earlier today. While I was able to add to my savings and investments, poor performance in the stock market caused my accounts to […]

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Personal Balance Sheet, June 2008 ($155,596, -1.5%)

by Luke Landes

Last month, I shared my belief that I would not make my net worth goal for the year, and June has been a step backwards. I ended the month with a modified net worth of $155,596, over $2,000 down from the end of May. For any readers new to Consumerism Commentary, I post financial updates […]

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Personal Income Statement, May 2008 (Net Income: $9,943)

by Luke Landes

I ended May 2008 by spending $9,943 less than I earned, though I had some help from a $600 tax rebate and an incoming payment for a long-term advertising deal (which already finished its run). In this post, I’ll take a look at my income and expenses for May to determine whether there are some […]

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Personal Balance Sheet, May 2008 ($158,793, +7.8%)

by Luke Landes

In order to reach my net worth goal of $210,000 by December 31, 2008, I will need to add $50,000 to my balance sheet. Considering my progress so far this year, it is likely that I’ll fall short. Even if I do, as long as I continue on my path, I’ll still be satisfied with […]

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Personal Income Statement, April 2008 (Net Income: $717)

by Luke Landes

Earlier today, I posted the first part of my monthly financial reporting, my April 2008 balance sheet. Publishing these reports online helps keep me accountable for my decisions and forces me to take a look at my progress each month. After a great February and a good March, April was not quite as impressive. In […]

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Personal Balance Sheet, April 2008 ($151,079, +5.3%)

by Luke Landes

If I were to describe my finances in three words, those words would be “slow, steady progress.” I’m not getting rich by any stretch of the imagination, but if I am able to manage consistent growth at the same rate while making sound financial decisions, I should be able to live without worries. However, anything […]

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