August Assessment
By Matt - Wednesday, September 5th, 2007
I have to say that I’m both happy with my results for the month of August and a little scared. First off I was able to spend a great deal more money than I earned, almost $2,000! But to put this into context this did include some furniture and some electronics (the DVD player broke) and some needed clothing. So overall there was more spending but some of it was simply necessary. From a cashflow point of view the month was pretty bad and I haven’t even had a chance to go through the numbers in detail just yet. The good news is I now have 2 months of detailed spending information that I can use to create an accurate budget for September (provided I don’t take too long to do it).
Other than the spending August was a good month, I got a couple ideas for businesses rolling which includes some possible financing/co-ownership, which will help me out greatly. These aren’t very far along but if all goes well one or both of these little ideas should bring in a little bit of extra money (I think it might be a bit early to guess about the amount just yet).
Finally from a net worth point of view I managed to increase my net worth by $1,289.93 to $15,515.35. This is a really nice rebound unfortunately its mostly due to the fact that I’ve just received my most current pension statement which had some nice growth. The unfortunate aspect of this is that it would have jumped more if I wasn’t spending money faster than it was being printed. If I’m able to curb spending next month I should be able to increase this even more.
This entry is filed under Budgeting and Planning, Monthly Planning.
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