Monthly Update: December 2007

January 07, 08 by Stealthy

December was the first month of 2007 where we had a negative net income for a month. Net income for the quarter was still able to grow by over $400 compared to Q3 because of the credit card payments being so low for the quarter.

Total income was down due to a realized loss. Excluding the realized loss there was pretty decent growth for the quarter. Expenses grew as I continued to receive medical bills and pay them off. I will have medical bills completely paid off in January or February. Credit card payments are way down for the quarter, but I will pay my credit card off in January, so this will sky rocket and look bad, but it won’t be as bad as it looks.

December 2007 Income Statement

Net worth increased by 0.75% for the month which is awful. Starting in January I’ll go back to paying a little more on my student loans.  I expect assets to grow pretty good during January since I’ll be getting a 50% match on my ESPP, which equates to $1k.

December 2007 Balance Sheet

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