About a decade ago, I realized that I needed to track my spending down to the dollar, if not to the penny, to get a grip on my financial condition. It was the start of a long journey for me, one which saw me get out of credit card debt, start earning money, and getting my life in gear overall. I also started blogging about my finances to keep myself accountable.
I never expected that blogging would help me become more financially secure. I still don’t earn much money in my day job. That income alone would hardly allow me to afford to live an apartment without a roommate. But, here we are. I don’t track my finances as diligently any more because I tend to make better decisions in general. I do, however, check in every month in order to post in my continuing series of net worth reports.
The month of April is usually one where my net worth will take a dip as I pay a high tax bill. That worked out differently this year thanks to re-classifying the side income I earn. As a result, I’ve overpaid my 2009 taxes through overestimated quarterly payments, and I should receive a refund later this year.
If you view the chart, you will see my “cash in banks” line decrease. That is mostly due to the withdrawals made to invest in IRAs. You may also notice that I revised my March net worth downward. This happens occasionally because it may take a few more days to finalize income amounts or other bills. Likewise, April’s net worth may be modified within the next few days, but I’d prefer if the number is revised upward.
Money at this level of detail is often a taboo subject. I chose to write anonymously so acquaintances or potential colleagues curious to learn more about me from the internet wouldn’t find Consumerism Commentary. I’m not posting these updates to brag; in fact, I consider myself to be lagging significantly behind my potential in this aspect as well as other aspects of my life. I don’t have much worth bragging about. These updates exist solely to keep myself focused on improving my financial situation over time.
Here are the April numbers as of today. Feel free to ask any questions.