![]() The spreadsheet I created focuses on three things: Net worth tracking, budgeting, and FIRE calculation. ![]() Hopefully it helps you out too! Net Worth, Budgeting, and FIRE spreadsheet This spreadsheet with exactly what I needed to keep things simple and make it perfect for my own situation. I find that sometimes it is just too much information and it is just not as flexible as I need it to be as I have so many different income streams. I have also been an avid user of as well as Personal Capital over the years. Sticking to a “budget” is a great way for those starting out to really have a grasp on what they’re spending but after awhile, it does not matter as much as a net worth tracker unless you plan on materially changing your spending habits. However, I don’t find it particularly useful because I am already very observant of my spending habits, and my spending changes month to month depending on what big things I may purchase. Monthly budgets are a good way to make sure you know exactly how much money you’ve made and how much you’ve spent. Monthly budgets are useful but not overly so I think the net worth trend is more important than the net worth itself as this really gives you an idea of how well you’ve saved, and how your investments have grown/not grown during that time. Of course, there are many other ways to have negative net worth. Fresh grads that start work may likely have thousands in student loans but little in cash or investments because they just started working. It is possible to have a negative net worth as well. This is an easy one number summary of your current financial state. minus your debts like student loans, mortgages, car payments, credit card debt, etc. This means all your cash, investments, retirement accounts, property, etc. Net worth is simply your total assets minus your total liabilities. For a list of all my credit card and travel hack related posts, click here. ![]()
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