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Personal Balance Sheet, March 2011 ($664,370, +7.4%)

This article was written by in Monthly Update. 18 comments.

My financial for March are finalized enough for me to publish the numbers. Although I like the reports I post every month to be as accurate as possible, there are often things I forget or haven’t been finalized, like income from additional sources or bills from vendors. Unfortunately, last month’s net worth has been revised downward, and this month’s number will probably be revised downward as well. Nevertheless, in general, the reports show me what I need to know about my finances.

I’ve been publishing these reports on Consumerism Commentary since July 2003, and tracking my personal finances was one of the original priorities of this website.

March was a typical month. My expenses were normal. I don’t post my expenses anymore, but perhaps I should start again. I’ve noticed my expenses for photography have been increasing a bit. I’ve been enjoying classes in photography and the occasional small gig as a photographer. Working on Consumerism Commentary leaves precious little time for other interests at the moment, and I may be at the limit of what I have time to do with photography for now.

The month coming up will be somewhat atypical. I will have a tax bill to pay, and my accountant has not been very helpful recently. Although I plan to file an extension for my business and my personal taxes, I’m still not sure how much money, if any, I will need to pay this month, and whether I’ve underestimated. Additionally, I will be traveling later in the month, so there will be some expenses related to that.

Here are the numbers for March.

I use Quicken 2011 to maintain my financial information and generate reports. I export a Net Worth report out of Quicken and run it through an Excel template to help me summarize the information.

1. Cash in banks. My cash continues to grow, and it’s unfortunately earning mot much interested even though it’s mostly deposited into high-yield online savings accounts. While this is not a good investment strategy, the liquidity is important until I decide to settle down somewhere, buy a house, and start a family.

2. Investment and retirement. This year, I’ve been making monthly contributions to a SEP IRA and an Individual 401(k), both at Vanguard. Both are invested in the Vanguard Total Stock Market Index Fund — Admiral shares for the SEP IRA and regular Investor shares for the 401(k).

I have not yet sold the shares I hold of my former employer in my company stock purchase plan. Some of the shares are now in the black and qualify as long-term gains, so I’ll be taking a closer look at this. Unfortunately, even with the 15% discount given to employees at the time of sale that looks back to the lowest price at either the beginning or end of the quarter, some purchases were at a price higher than the current price.

Although I understand that writing a loss on a stock can be a good tax strategy, lowering your tax bill, I’d rather earn a good return than sell at a loss. It could be many years before the shares recover, however.

On May 1, my former company will send my full pension check to Vanguard, and it will officially be rolled over into an IRA. I planned to do the same with my former employer’s 401(k) after the pension rollover was complete, but considering how long it’s taking for the first step, I might not wait much longer. One thing I will need to determine is whether I want to keep my investment mix similar or take the approach I’ve been using for my non-401(k) investments — put almost everything into a total stock market index fund.

3. Accounts receivable. March was a strong month in terms of income, and therefore this number is higher than usual. Most receivables are resolved within a month, and all are resolved in about 45 days.

4. Honda Civic. I continue to reduce the value of my car by $100 every month. Several times a year, I check this against the third party price in Kelley Blue Book and Edmunds to make sure I’m on track. I purchased this car, a 2004 model, new in June 2004, and it has a little over 129,000 miles today.

5. Accounts payable. This line contains my credit card balances and any important business bills from March that have not yet been paid. My credit card balances are paid in full every month, and I haven’t had any interest charges since before I founded Consumerism Commentary. I pay business bills within thirty days of the invoice. Occasionally, a bill comes in after the end of the month, and I date it back to that month to record expenses when they occurred.

Although it snowed here in New Jersey just a few days ago, spring seems to be here. It’s a welcome change in weather despite even more precipitation. April is going to be a very busy month for me, for both business and travel, and I expect it will be May before I know it and before I’m ready.

What are your plans for April?

Published or updated April 4, 2011.

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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 .

{ 18 comments… read them below or add one }

avatar 1 Anonymous

This is the first update I’ve read from you, pretty cool stuff! Thanks for being willing to share this information, it’s so insightful, I know I could never be this open haha.

Anyways, your Civic might have increased by 10% in value actually! I read about this last Friday, I guess all Japanese cars are exploding in value due to the nuclear crisis over there, interesting stuff lol. I think my TL jumped $500, woo peee!

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avatar 2 skylog

wow jon, that is the first i have read about the value of japanese cars increasing in value due to the japanese disaster. do you happen to know if this is “official?” are dealers involved in this? this is something i never would have even thought of.

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avatar 3 Anonymous


That’s the article I reference. There’s a ton more on this subject. As of now, my 2004 TL is up $1500! I’m back to the price I purchased it at, pretty crazy stuff here.

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avatar 4 skylog

thank you for the link jon, i will give it a read. i’ll be sure to check out the site as well.

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avatar 5 Cejay

You are pretty brave Flexo. I would never publish my budget even though it is very frugal. I would just get tired of people picking it apart. We all have things, like your photography, that is important to us. For me it is reading and clothes. For my husband it is computer stuff. We do let ourselves indulge within reason. But I think you are doing good. KEEP IT UP!!! I love the blog.

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avatar 6 Anonymous

Good job! Why do you have so much cash? $300K+ is a lot for a down payment! Will your circumstances change in less than a year?

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avatar 7 Luke Landes

Right now I’m just saving everything, not investing in anything outside of my retirement funds. I’m not sure what my life will look like one year from now, so I’m staying conservative until I make some other decisions.

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avatar 8 Anonymous

+$300k YoY? How did you manage that jump – did i miss something somewhere? Was their an adjustment?

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avatar 9 Luke Landes

No adjustment — just working hard and earning income.

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avatar 10 Anonymous

I guess I lost track since I don’t see you posting your income statements anymore

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avatar 11 Sarah

Man, I would love if my net worth increased by 7% in one month.

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avatar 12 Anonymous

I agree with Jon. It’s gutsy to put it all out there. Thanks!

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avatar 13 Anonymous

Thanks for sharing your information and being very open. I think there’s a bit of voyeurism in most of us when it comes to finances, but it’s also helpful to see how others handle their finances – in terms of decisions made and where those decisions lead.

Have to comment, well done in the last year! Also, that’s an impressively clean liabilities side of the balance sheet. Well done there as well.

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avatar 14 wylerassociate

good stuff flexo, I could never post my finances to the public.

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avatar 15 Will @

Man oh man Flexo, you put my $25k 6-month increase to shame.

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avatar 16 shellye

Keep up the good work Flexo. You have [email protected] to publish your net worth for all the world to see. I’m impressed.

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avatar 17 skylog

thank you again flexo! your site and these updates are always a great motivation tool! great job again this month.

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avatar 18 Anonymous

Hey Flexo,

Regarding the shares from your employer that are underwater, I might submit the old stock market phrase: “You don’t have to earn it back the way you lost it”.

You might find transferring the lot into a diversified ETF tracking the US market will deliver more steady gains over the long term then banking on this one to come back, and help you sleep better at night in between.

Keep up the super work. I really ought to sort out my monetization!

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