Balance Sheet, August 2005
Once again, ladies and gentlemen, it's time for the monthy progress report. The good news is my balances went up this month. The bad news is that it wasn't by much. If I get around to posting my income sheet for the month, we'll be able to see where the problems lie.
I keep adding accounts and sub-accounts, so I decided last month to simplify the report and look at my balances at a higher level. Continue reading to see my account balances and read any notes.
The "other" account in the Cash and Bank category refers to my balance being held by my school for tuition and fees. It offsets the increase in my student loan following my disbursement this month and my personal receivables. Since I get reimbursed 90% for my classes, I pay the remaining 10% at the beginning of each six-week class.
My investments lost value while I continued investing, accounting for the small increase in net worth.
The credit card balance is somewhat from my vacation earlier this month and it will all be paid off before it is carried over to the next statement.
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