One Million and Beyond

September Assessment

By Matt - Tuesday, October 2nd, 2007

I have to say that I’m both a little disappointed with my September accomplishments and happy with them. I ended up traveling a fair bit for work and for personal stuff (nothing bad) which impacted my overall goals a fair bit. On the positive side I was able to keep the spending down as much as possible but I wasn’t able to keep track of all of my spending so I have no accurate view of where my money went this month. This is very frustrating since this information is crucial to being able to cut down my cash flow problem. On the slight positive note I was able to keep almost all of my receipts so I should be able to reconstruct a fairly accurate picture. The goal isn’t to collect everything till the end of the month but to track it as the spending is occurring because inevitably some receipts get lost and you don’t always get one.

The monthly goal/accomplishment that I am most happy about is the fact that I was able to increase my net worth by $1,092.72 to $16,608.07, which was very nice since the goal was a quarter of that. This increase is a bit inflated since I put extra money onto my credit cards for my business travel, which is something I wouldn’t have done otherwise. I also have a couple outstanding payments, which are also not reflected in that snapshot. This month thankfully is a month with three pays (the benefits of a bi-weekly pay structure).

Overall the month just flew by and I wasn’t able to address the day to day tracking as well as I could have but on the flip side I wasn’t reliant on my cards to get me through the month. This just goes to show that although I don’t have an accurate picture of my cash flow it couldn’t have been nearly that bad.

On a final note I have started the process of planning out my business idea and I’ve actually gotten some thoughts and plans down on paper. Although this isn’t a full business plan it’s a definite start. I really need to spend more time getting this up and running because of how much of a benefit I think it could be to me financially. Ideas are a dime a dozen, even good ones, you have to act on them and try them out or they’re nothing more than ideas.

Subscribe to this Feed

---