August 2005 Net Worth Update (+$2,050)

Ok here is my 1st net worth statement. This is my second worst month of the year for me so far.


Balance Sheet:

	Jul-05	Aug-05	Change	% Change
Cash & Equivalent	$ 4,347.87	$ 5,317.73	$ 969.86	22.31%
Saving	$ 17,473.35	$ 36,034.15	$ 18,560.80	106.22%
Brokerage / DRIPs	$ 38,885.49	$ 39,242.72	$ 357.23	0.92%
Roth IRA	$ 19,106.70	$ 19,182.86	$ 76.16	0.40%
401(k)	$ 61,737.40	$ 62,923.82	$ 1,186.42	1.92%
Stock Option	$ -	$ -	$ -
ESPP	$ 26,526.85	$ 25,853.03	$ (673.82)	-2.54%
Home Equity	$ 39,776.61	$ 39,953.80	$ 177.19	0.45%
Other Assets	$ -	$ -	$ -
Receivable (Payable)	$ -	$ -	$ -
Reserve Funds	$ -	$ -	$ -
Loans	$ (25,566.84)	$ (44,169.73)	$ (18,602.89)	72.76%
Tax Liability	$ -	$ -	$ -
Total	$ 182,287.43	$ 184,338.38	$ 2,050.95	1.13%

Note: All credit card debt is in the form of 0% balance transfers or is current month spending which will be paid off in next billing cycle.

Significant Events for August 2005:
-business trip with almost 3 weeks of expenses on credit card, in process of being reimbursed
-took advantage of an additional 0% BT offer from Citibank resulting in a $17500 loan that was moved into a savings account

I have decided to present my monthly net worth in the above format. I think this is perfect because it will be very easy to benchmark with other bloggers and will accurately capture any changes to an accrual based method in the future.