Balance Sheet, September 2005
What follows is my personal balance sheet for the end of September, 2005. Thankfully, my net worth has made some gains this month. Some of that was due to increased value in my investment accounts and some was due to receiving three paychecks this month. Since I get paid every other Friday, the calendar rewarded me with a third paycheck yesterday.
Take a look at the report and the explanations below.
Once again, the "Other" cash account represents funds held for me at the university where I am working towards my master's degree. As classes progress, funds are taken from this account. 90 percent of the class fee is placed in an "Accounts Receivable, Personal" account (my company reimburses that much) and the remaining 10 percent becomes an education expense. It's possible I'll have to make some changes to these expenses retroactively.
I'd really love to be maxing out my 401(k), but that's just about impossible at the moment. I am maxing out my Roth IRA, dollar cost averaging through two monthly payments.
The credit card balance is paid off in full at the end of each statement, but my student loans are being deferred.
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Here's something to look at, that is all. The chart represents my transportation expenses year to date, including the first few days in October in which I've accounted for another month of depreciation on my car. Read
The table below reflects my personal income statement in conjunction with September's balance sheet. Read
I hope everyone enjoyed their long weekend. It's been a difficult time for thousands of people with regard to the Katrina catastrophe. I hope every reader and their families are safe. Read
In conjunction with my August balance sheet, here is my August income statement, followed by some notes. Read
