Month: March 2017

February 2017 Financial Report


Last month’s reports are a bit late but rather late than never, right? I was done and dusted with the reports but the past week or so I wasn’t as productive as I’d liked to be.

Income Statement

For February I didn’t have a budget, so I will just compare my February report with January’s report instead of a budget. I do have a budget for March which I hope I stick to.

Income

This month I didn’t get any money from my bursary. My income this month is 18% lower than the previous month. I did get some money from bets I made with friends. One bet in particular was the Chelsea vs Arsenal bet that earned me $200 NAD.

Expenses

Depreciation and Loss on asset disposal

Not sure if I will write a post on my fixed asset register (I probably won’t), but I decided to bring my electronics and gadgets into my balance sheet. As a result, I had to account for depreciation. Depreciation is up by 37% ($611.43) because I bought a new 2-in-1 laptop/tablet.

The loss on asset disposal ($147.38) comes from me selling my laptop, which was a Lenovo G50-30. I only had it for about 18 months. I had another laptop at the time of selling the Lenovo, but then my sister asked if she could borrow my laptop because she has nothing to do her schoolwork on. It’s still my laptop, but I’ve removed it from my fixed asset register. I’ll probably let her keep it. I have the 2-in-1 laptop/tablet as well as a desktop at home.

Drinks

Drinks are up (524%) this month because I bought a case of sauvignon blanc ($496.35). My wife pays for groceries from her salary and we used to buy at least 2 bottles of wine a week. I decided that it would be cheaper to buy a case. I also bought us (my wife, her parents and myself) coffee at the airport before my wife  and I left for Cape Town. Coffee is damn expensive at the airport ($100).

Food

I made a major saving in February on food (69%). I only spent $264 on food, which is very low. I usually help out with groceries, but only the odd thing here and there. This month I hardly had to take out my wallet at the grocery store. Seeing as it’s very much possible to keep my food expense low, I’d like to keep it that way, but I will feel bad if my wife has to suffer because of it.

Personal Expenses

Final category of the post is personal expenses. Donations might be down (62%) but I spent $750 on clothing I bought in Cape Town. I also bought some gifts for friends and family ($904) and I started going to school so I have to pay for cab ($110 more than January).

Conclusion

Well, I made a loss of $494.28 last month and this month I made a loss of $20,961.06. WTF happened?! I went on vacation with my wife see. Our vacation accounts for 91% of the loss for this month. An additional 9% can be attributed to the vacation being the reason for my losses if I add the gifts, the clothes and the damn airport. 91+9=100. So all my losses is down to our vacation. That makes me feel a little better. Here’s to March 2017 being in the black.

Balance Sheet

My bank accounts took the biggest hit because of the vacation. I had $30,128 in January but now I only have $16,960. That’s about $15,000 that went to our vacation. All of it came from my savings account. At least I still have some money left in my savings because all of the savings was actually for the Cape Town trip. So we saved as much as $600o of our vacation money.

My net assets are down, which I expected. From $55,036 to $34,075. That’s a 38% dip in my equity. I hope in a couple years time I’ll be able to go on vacation and not have to take such a huge loss on my equity. One thing I am happy about though is that I didn’t have to take out a loan to go on vacation. I have to end this post on a positive, if only for my sanity.

Until next time. Thanks for reading.

Losing Focus

At the start of every year there is an influx of people signing up for gym memberships. Driving home after work you can see lots of people in brightly colored trainers jogging or walking. This is all very normal during the first couple of weeks of the year. As we approach the end of February though, less and fewer people are on the roads sweating their asses off. This too is very normal.

I am no exception to the norm either. My one and only goal for the year is to lose enough weight to get my BMI to a healthy status (around 90 kilograms). I woke up early in the mornings to skip, I ate a fruit each morning, I tried to cut down on my coffee  and sugar in take and I was drinking at least two and a half liters of water a day. Today I don’t do any of that. I don’t wake up early, I don’t skip anymore, I eat fruit now and then, I drink at least three cups of coffee a day and I hardly drink more than a liter of water a day. No wonder my weight is stuck at 110 kilograms lately.

The wheels started coming off around the time my knee started paining. This was about two to three weeks ago. I stopped skipping because I didn’t want to aggravate my knee and risk further injuring my knee. This was also around the time that school started. I work full-time and study part-time. Some nights I only get home around ten PM which leaves me with barely two hours to enjoy my wife’s cooking and catch up on the happenings of the day with my wife.

I’d be lucky to be asleep by midnight, so most nights I only get about six hours sleep. If I’d like to skip in the mornings I’d have to cut my sleeping time even shorter. I feel like a zombie in autopilot mode most mornings. It’s challenging to give 100% at work because I’m just too damn tired. That’s I just knock back those cups of java like it’s going out of fashion.

I do realize at this point I am only making up excuses and offering no solutions. There are people out there who manage to lose weight even with a full-time job, part-time studies and minor injuries. Waking up early and exercising is supposed to boost your energy levels and give you what you need to make it through the day. I’m just being a lazy couch potato.

This is however my last intense semester and my intense I mean I usually have five subjects per semester but this semester I have six. Next semester I will only have three subjects, of which two subjects should be a walk in the park. The next two months is going to be hectic because I’ll have to do no less than ten assignments and write no less than ten tests. With so many assessments on my plate stress would inevitably start creeping in and trying to stick to an exercise plan and diet with so much stress will be next to impossible.

Maybe for March and April I need to shift my focus to my studies to make sure I don’t lose my 100% pass rate. This doesn’t mean I should stress eat and gain a lot of weight that would make it even harder for me to meet my goal this year. All this means perhaps is that I have to keep my weight stable, but I still hope to find a way to balance it all.

Until next time. Thanks for reading.