Average wealth tracker update#

(I won’t make you join our newsletter to get it but if you want to, click here to join!)Įvery number gets included, from the value of our home and cars to bank statements. Here’s a template built off our Net Worth Record. Best of all, it’s free.įinally, it’s important to have a list of all of your financial accounts. I don’t miss logging into each account and I love all the analysis tools it gives me to know if I’m saving enough for retirement. This saves me a ton of time each month while still letting me analyze all transactions. It collects the data for me so I don’t have to log into each account separately. I use Personal Capital to help track our net worth, it’s one of my favorite tools and a great alternative to older systems like Quicken. I’m not seeing a 90-day old transaction and wondering what it was for, everything is within the last thirty days. Anything suspect is immediately obvious because I check in each month. When I log into each account, I review the transactions for the last month.

Average wealth tracker update#

Since I update it monthly, I must log into our financial accounts to collect the numbers. It’s fun to watch the progression over the years (I’m a self-admitted numbers geek) and that’s one major reason for the document.

Without notes, I wouldn’t have remembered something from over 12 years ago. Northrop Grumman just deposited my first paycheck and my signing bonus, which accounts for the other four grand. That was my first month of full-time work, when I had a net worth of $8,745.69 ($4,519.44 of which was in a Roth IRA I started in college).

More importantly, I can leave notes each month to put it all in context when I read it later.

In seconds, I see a snapshot of our financial situation from the amount of cash we have on hand to the performance of investments the last month. Our Net Worth Record, as the Excel file is titled, is our financial dashboard. (as an aside, it seems that on a daily basis I read horror stories on Reddit’s r/personalfinance forum where someone learns that for the last X years, his or her investments have sat in cash or some equivalent because they weren’t checking in on them – check in!) It helps keep me sane when the world seems crazy. There are two reasons – to track our progress and to enforce a monthly check on our finances. Our Net Worth Record is the first document in our family’s personal finance “binder” (the second is a word document I call a money field manual). Most arrived after I started working (I never got into Quicken) and after I started tracking our net worth, so they are useful but they aren’t my “core system.”įor that, we use an old fashioned spreadsheet. There are a lot of tools out there to help you track your finances.