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.
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.
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 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).
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.
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).
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.
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.