Personal finance situation: 31 May 2005
For an update on my personal situation, these are my personal financial statements as on 31 May 2005:
| Income: | |
| Salary: | 12900 |
| Real estate: | 0 |
| Business income: | 0 |
| Expenses: | |
| Taxes: | 2700 |
| Mortgage/Rent: | 1400 |
| Car loan payment: | 0 |
| School loan payment: | 1730 |
| Credit card payment: | 0 |
| Child expenses: | 0 |
| Other expenses: | 2220 |
Surplus cash flow: 4850
Balance sheet:
| Assets: | Liabilities: | ||
| Savings/Cash: | 1000 | Mortgage: | 0 |
| Stocks/shares: | 0 | Car loans: | 0 |
| Real estate: | 0 | School loans: | 53000 |
| Business: | 6250 | Credit cards: | 0 |
| Real estate: | 0 | ||
| Business: | 0 |
Notes:
- All figures are in South African Rand: ZAR6=US$1.
- I had to do some heavy expense slicing after my cashflow had spiralled out of control. The main reasons are the too fine cutting of the budget (no room for unforeseen events) and two consecutive months of large unforeseen events.
- Some of my extra cash flow from previous months went into business and also reducing student loan debt.
- I am currently in the process of acquiring a property, so my situation might change significantly in the next few months.
Regards
Leon van der Walt
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posted by Leon @ 5:32 AM
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