ASSETS
Cash - $72.60 (Cash left over after spending so not indicating much)
Emergency Fund - $250.00 (-75%) Lower due to costs arising due to return to Uni and short term lending which is displayed under debtors.
Saving/Investment - $0.00 (-100%) Buying of shares and saving for a trip will keep these empty for the next 3-4 weeks.
Share Portfolio (ASX) - $5024.09 (+90%) Size of the portfolio almost doubled this month with much of my money made last month being moved into the share market. With Australian interest rates at 2.25% (with a cut due tomorrow by the Reserve Bank) the stock market is the only game in town. Been a mixed result with one of my riskier investments paying a 30% return after four weeks whilst one of my blue chips has fallen 11% in two days after a bad half year report. On a whole the portfolio is ahead of the market.
Debtors - $1654.04 (324%) Last I month I proclaimed that my debtors would finally start falling but this instead increased on the back of a few quick lending opportunities to make some good interest as well as some debts from a few of my side hustles. I have also added monies owed to me by the tax office which I should receive in August, this making up around $350 of the figure.
Superannuation (Retirement) - $234.89 (6%) Not much movement this month.
Car - $1150.00 (-) No change in value according to Redbook.
LIABILITES - Nil (just how I like it)
NET WORTH - $8385.51 AUD (+38%)
This month was probably the most successful month I have recorded since I started my aggressive financial plan around 11 months ago. I was able to secure work as a cleaner at a factory in my city along with a few friends from high school. This along with both my part time job and side hustles led to around $2700 in earnings.
Despite worrying that my net worth would begin to unravel once university began two weeks ago it has managed to stay relatively stable. My part time income managed to keep up with the first few weeks of drinks and partying with most of the falls being explained by my falling stock portfolio.
I am forecasting a decline in March due to saving for a trip with some friends to Melbourne for 4 days to see a number of events. Savings will be directed at the trip along with some of the emergency fund. With most of the trip already paid for from last months earnings the net worth should not fall below $8000 which is my goal.
Cash - $72.60 (Cash left over after spending so not indicating much)
Emergency Fund - $250.00 (-75%) Lower due to costs arising due to return to Uni and short term lending which is displayed under debtors.
Saving/Investment - $0.00 (-100%) Buying of shares and saving for a trip will keep these empty for the next 3-4 weeks.
Share Portfolio (ASX) - $5024.09 (+90%) Size of the portfolio almost doubled this month with much of my money made last month being moved into the share market. With Australian interest rates at 2.25% (with a cut due tomorrow by the Reserve Bank) the stock market is the only game in town. Been a mixed result with one of my riskier investments paying a 30% return after four weeks whilst one of my blue chips has fallen 11% in two days after a bad half year report. On a whole the portfolio is ahead of the market.
Debtors - $1654.04 (324%) Last I month I proclaimed that my debtors would finally start falling but this instead increased on the back of a few quick lending opportunities to make some good interest as well as some debts from a few of my side hustles. I have also added monies owed to me by the tax office which I should receive in August, this making up around $350 of the figure.
Superannuation (Retirement) - $234.89 (6%) Not much movement this month.
Car - $1150.00 (-) No change in value according to Redbook.
LIABILITES - Nil (just how I like it)
NET WORTH - $8385.51 AUD (+38%)
This month was probably the most successful month I have recorded since I started my aggressive financial plan around 11 months ago. I was able to secure work as a cleaner at a factory in my city along with a few friends from high school. This along with both my part time job and side hustles led to around $2700 in earnings.
Despite worrying that my net worth would begin to unravel once university began two weeks ago it has managed to stay relatively stable. My part time income managed to keep up with the first few weeks of drinks and partying with most of the falls being explained by my falling stock portfolio.
I am forecasting a decline in March due to saving for a trip with some friends to Melbourne for 4 days to see a number of events. Savings will be directed at the trip along with some of the emergency fund. With most of the trip already paid for from last months earnings the net worth should not fall below $8000 which is my goal.