July will mark the seventh anniversary of Consumerism Commentary. These seven years I’ve been tracking my finances online to keep myself accountable for my financial decisions. In 2003, there was no such thing as a “personal finance blog community;” this arose out of the desire of a few of us to track our finances in a blog format and discuss money issues. There was certainly a lot of discussion of money on the internet at that time, but very little had the personal touch of a blog.
At the beginning of each month, I share my account balances as of the last day of the prior month, so today I am publishing my June 2010 net worth report. This balance sheet includes a modified version of a net worth, and this is the same way I’ve been tracking my finances online for many years.
And for the sixteenth time since January 1, 2002, the earliest data I have in Quicken, my monthly progress has been negative. This is a fact I can attribute, this time, solely to the stock market. As I invest more of my funds in the stock market, currently only through automatic investments in my 401(k), my monthly progress is increasingly driven by the market as a whole.
Continue reading for my current net worth report.
Unfortunately, June 2010 marked another low point in terms of income from sources outside of my day job. This is despite additional efforts to boost income from a variety of sources. There are a few ways I can interpret this. Rather than look for improvements within the first several months of a new approach, some of the work may pay off down the road. I could view this as validation of my continuing decision to put off leaving my day job, or I could interpret this lack of progress as validation of the need to spend more hours each day building projects.
For now, I’m taking everything one step at a time.
For anyone wondering about how I create these reports, I track all of my expenses in Quicken, though I’ve been unfaithful tracking expenses paid with cash. Cash transactions amount to very little since I use cash back credit cards for just about everything. I run a customized report after I finish entering my income and expenses and export that report to a file that can be imported into Excel. I use an Excel template that formats the data nicely, and I copy that chart into Photoshop. I export the table as a graphic and upload it to my website.
Feel free to ask any questions.