February 2012 Personal Balance Sheet

Below is a look at my personal balance sheet as of February 29, 2012. This is the template that I will use every month for my blog posts.

Starting in March, I will track all of my spending and will have a separate post with my income and expenses for the month.  This will be a good way for me to see where my money is actually going and help me see where I need to cut back on my spending.

Gen Y Finances: 2017 could be most successful year in your life!

Feb 2012 Balance Sheet

February was just an OK month for me.  Looking at my balance sheet, my overall net worth increased by $3,031. However,this was primarly driven by investments in my 401k plan.  The 401k plan alone increased by $2,054 in February.  March should be a much better month and I hope to boost the amount of money in my savings accounts pretty significantly.  I know that I am going to be getting a refund from the IRS around $1,700, but I am still waiting for a 1099 form from Tradeking so that I can actually finish my 2011 taxes. I’m hoping I get that 1099 any day now so that I can get my refund in March.  I hate letting the government hold my money any longer than I have to!

February could have been a really good month because I had some significant realized gains in my brokerage account, but I took a beating on a Zynga options strangle trade I made before Zynga announced its earnings.  I will probably write  a separate post about this option trade because it frustrates me and I want to vent about it!

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Thomas Jones

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