When I first started tracking my budget and net worth, I did monthly updates around the 7th of each month. This still holds, and what it means is that December 7th is the ‘last’ net worth update for the year. In order to do year to year comparisons, I’ve always kept the December update as the ‘final’ update.
What this means is that I wrapped up our net worth tracking for the year a couple of weeks ago. I finally had a chance to look at it compared to our estimates, and determine that it was a pretty good year.
I don’t go into actual dollar amounts, but rather like to keep things in percentages. I will still try to keep things interesting and in perspective. I also continue to use accounting principles upon which my budgeting skills were formed, so I will list things according to the simple accounting formula that Assets minus Liabilities equals Equity (or in this case, Net Worth).
Read more2013 Financial Year In Review