Comments on: The Benefits of Finding Your Net Worth

By: Austin

Austin — Sat, 31 Oct 2009 08:35:42 +0000

Yeah, after I wrote the post I thought about what I said about keeping my debt out for psychological issues. I inserted the debt on Mint so I can see what my true number is, but I’m still omitting it from my spreadsheet.

Thanks for the comment. It seems like we’re on the same page!

By: C Dub

C Dub — Fri, 30 Oct 2009 17:17:26 +0000

Tracking my net worth was a big step for my finances as well. I’m only a year and a half out of college, but I started tracking spending right after I started my full-time job out of college in June 2008. This helped me see what I was spending on and tighten things up a bit for my pocketbook, but didn’t really keep me from purchasing big ticket items if I worked some OT or got a windfall.

Once I started tracking my net worth this April my whole view on my finances changed. I realized how much money I’ve wasted in my life on “things” and got more focus on saving for long term goals (family, house, retirement, etc.) And just FYI, I use my only debt, which is student loans, in my calculations. It helps to keep it tangible.

By: » Blog Archive » I’m an Exhausted Consumer: The Difficulty of Big Purchases

Fri, 16 Oct 2009 11:04:26 +0000

[...] five years blogging with some great articles spanning the personal finance genre. My post about finding your net worth can be found under the “Financial Planning” [...]

By: Austin

Austin — Wed, 14 Oct 2009 04:18:04 +0000

Thanks for the heads up on the net worth website. I signed up for an account 6 months ago, but never really used it. Maybe I’ll try to get back into it.

As far as me only tracking assets – you’re right. However, my liabilities are being accounted for through automatic payments which will show – over many months – in my assets. Perhaps when I buy a car or house I’ll have to add a liability area to my spreadsheet.

Thanks for commenting!

By: 01SP03

01SP03 — Wed, 14 Oct 2009 03:40:42 +0000

By definition, if you do not include Liabilites in your networth calculation, you are only traking your assest, not networth.

Also, I wanted to share with you and your readers the website http://www.networthiq.com. I have enjoyed using the website now for two years and its easy.

By: USA Best Credit Report » Blog Archive » The Carnival of Personal Finance #226 – The AFM Turn’s 5 Edition

Wed, 14 Oct 2009 03:17:27 +0000

[...] • The Benefits of Finding Your Net Worth [...]

By: Austin

Austin — Sat, 10 Oct 2009 05:35:02 +0000

Yeah, my spreadsheet starts at September 2008 which was my senior year. I wish I would have started tracking it the day I got into college, but hopefully this post gives people some motivation to track theirs.

By: Rooster

Rooster — Sat, 10 Oct 2009 04:23:24 +0000

You started tracking your net worth at university? Nice. I have always been fairly smart with my cash, but I only started tracking my savings etc about a year ago. It`s like a game now. An addictive one!