Income Statement
| Revenues | ||
| Gross Wages |
$1675.63 |
|
| 403(b) Employer Match |
167.57 |
|
| Interest Income |
1.26 |
|
| Gifts Received |
0.79 |
|
| Dividends |
0.13 |
|
|
|
||
| Total Revenues |
$1,845.38 |
|
| Costs and Expenses | ||
| Payroll Deductions | ||
| Income Taxes |
$256.79 |
|
| Medical Insurance |
48.30 |
|
| Prescription Drug Coverage |
21.70 |
|
| Dental Insurance |
5.26 |
|
| Life Insurance |
2.36 |
|
|
|
||
| Total Payroll Deductions |
334.41 |
|
| General Expenses | ||
| Interest Expense |
$239.54 |
|
| Storage Unit |
189.90 |
|
| Clothing |
166.37 |
|
| Depreciation on Auto |
134.22 |
|
| Gas |
103.27 |
|
| Bank Charges |
89.04 |
|
| Auto Insurance |
59.00 |
|
| Medical Expenses |
52.09 |
|
| Personal Care |
39.99 |
|
| Shipping |
27.92 |
|
| Cell Phone Minutes |
20.00 |
|
| Education: Books |
16.54 |
|
| Credit Maintenance |
14.95 |
|
| Dining |
10.61 |
|
| Entertainment |
9.99 |
|
| Blog Hosting |
8.95 |
|
| Sales Tax on Purchases |
6.97 |
|
| Other |
5.00 |
|
|
|
||
| Total General Expenes |
1,194.35 |
|
|
|
||
| Net Income |
$ 316.62 |
|
|
|
||
Statement of Cash Flows
| Cash flows from operating activities | ||
| Net Income |
$316.62 |
|
| Adjustments to reconcile net income to net cash flows from operating activities. | ||
| Unmatched increase |
0.99 |
|
| Reduction of available Beneflex |
5.92 |
|
|
|
||
| Net cash flows from operating activities |
6.91 |
|
| Cash flows from investing activities | ||
| P2P Principal Received |
2.28 |
|
| Retirement Contributions |
(244.59) |
|
| Stock Contributions |
(10.00) |
|
| Dividends Reinvested in Stocks |
(0.13) |
|
| Adjustment for Depreciation |
134.22 |
|
|
|
||
| Net cash flows from investing activities |
(118.22) |
|
| Cash flows from financing activities | ||
| Payments to Debt |
(377.46) |
|
| Net cash flows from financing activities |
(377.46) |
|
|
|
||
| Net increase (decrease) in cash |
(172.15) |
|
| Cash at Beginning of Month |
322.54 |
|
|
|
||
| Cash at End of Month |
$150.39 |
|
|
|
||
Balance Sheet
| Assets | |
| Cash & Cash Equivalents |
$ 150.39 |
| Retirement Accounts (including unrealized gains/losses) |
1894.82 |
| Stock Account (including unrealized gains/losses) |
283.48 |
| Car |
12885.35 |
| Less Accumulated Depreciation |
3892.38 |
| P2P Loans |
100.00 |
| Less Principal Received |
3.98 |
| US Savings Bonds |
50.00 |
| Plus Accumulated Interest |
13.94 |
|
|
|
| Total Assets |
$11,481.62 |
|
|
|
| Liabilities | |
| Credit Cards |
$ 8,853.05 |
| Auto Loan |
8640.88 |
| Student Loans |
16861.39 |
| Other Debt |
825.92 |
|
|
|
| Total Liabilities |
$35,181.24 |
| Stockholder’s Equity (Net Worth) | |
| Net Worth |
($23,699.62) |
|
|
|
| Total Liabilities plus Stockholders’ Equity |
$11,481.62 |
|
|
|
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[…] Previously I had stated that I was going to run my finances more like a business and created “Articles of Incorporation” to formalize it. Today is March 15, 2008 and I humbly present my February 2008 Current Report. […]