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Watching Our Net Worth Climb

Net Worth Barchart

My husband sent me this snapshot of our current net worth bar chart. I left out the actual numbers, but you can get the gist of our progress without knowing the specifics. In 2011 our net worth reached positive status and since then it has remained steady and strong.

It hasn’t grown in leaps and bounds since that time, but in 2011 I left the working world to stay home with my son, so we knew the rate of growth would slow. In fact I was terrified of what would happen to our finances after that decision and I’m so happy to see that while the numbers aren’t ticking up rapidly they aren’t falling dramatically either.

A big reason for our continued progress was my husband’s decision to form his own company. While I stopped earning a significant paycheck his pay increased enough to cover my losses.

I love watching that chart grow!

Patrick

Friday 9th of August 2013

Do you use excel to track your net worth?

I made my own spreadsheet for assets that I update monthly because I haven't been able to find any good templates to track net worth or assets. I'm not 100% satisfied with it because I know that it could be so much more, I just haven't invested the time to add all the features I'd like to have.

One Frugal Girl

Friday 9th of August 2013

We use gnucash to track everything. I've written about it a few times before: https://www.onefrugalgirl.com/keep-your-finances-on-track-with-the-help-of-technology/. It's not the easiest software to use.

» Do You Still Clip Coupons? One Frugal Girl

Saturday 3rd of August 2013

[...] I feel this way because we’ve built up our savings and are paying down our debts? When we had less in the bank I was much more careful about saving those pennies. These days [...]

One Frugal Girl

Sunday 21st of July 2013

It should be noted that this graph does not include real estate as an asset. That often skews perception of net worth... Just because you "bought a house" doesn't mean you own it. In fact your lender owns 99% of it and you pay them back for the next 15-30 years to stay in it.

For the purposes of Net Worth calculations I like to include mortgage liabilities but exclude real estate assets. This chart reflects that notion...