Comments on: Is Net Worth Tracking The New Budgeting? https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/ Money | Minimalism | Mohawks Thu, 19 Dec 2019 11:59:10 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-290316 Thu, 19 Dec 2019 11:59:10 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-290316 In reply to Kay.

I think it’s def. worth trying out and seeing if it sticks :) Sometimes you have to go through 3 or 4 different routes until you find the one that works! Let us know how it goes if you end up pulling the trigger!

]]>
By: Kay https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-290263 Wed, 18 Dec 2019 21:04:10 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-290263 I’ve tried many times to use cash and write down every penny. Ain’t working. I do ok for a little while but it gets to be to much like a work. Or I forget.

So thought of opening accounts and give them names ie groceries, restaurant, etc.
I will use either my debit card or credit card. Also getting points on the credit card.
Pay them off at the end of the month.
That way I will see where the money goes without saving receipts or writing each entry.

What do you think of this idea?

Any advice is greatly appreciated.

Sincerely
Kay

]]>
By: J. Money https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-266397 Tue, 03 Apr 2018 15:57:00 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-266397 In reply to Kate.

Good! You *are* wonder woman for continuing to grow your $$$ like that, well done :)

]]>
By: Kate https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-266394 Tue, 03 Apr 2018 13:51:53 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-266394 My budget tracker of choice (YNAB) does both. TBH, I don’t take much notice of my Net Worth number. I don’t know why… I guess I think of my house more as a home than an asset. I tend to be more interested in my little online investment portfolio. But after reading this weeks blog I went and ran the report and see that my Net Worth had been slowly and steadily going up and all of a sudden I feel like Wonder Woman too!

]]>
By: Mitchell Walker@The PouchPlan https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-266358 Mon, 02 Apr 2018 19:06:16 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-266358 In reply to Jennifer Brown.

Jennifer, we did the same thing! Cash flowed 5 kids through college with no debt. We pretty much kept housing expense at less than 10% of income and watched our descrestionary spending very closely and often. Last one graduated 10 years ago, but those were some great years.

]]>
By: J. Money https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-266355 Mon, 02 Apr 2018 18:59:02 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-266355 In reply to Aaron.

Good! Glad you figured it out!

]]>
By: J. Money https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-266354 Mon, 02 Apr 2018 18:58:30 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-266354 In reply to Jen13.

Your husband is one lucky man :)

]]>
By: J. Money https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-266353 Mon, 02 Apr 2018 18:57:20 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-266353 In reply to Alain Guillot.

Okay, that was good :)

]]>
By: Dave @ Let's Automate Your Money https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-266347 Mon, 02 Apr 2018 18:13:05 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-266347 I’ve always tracked both. I keep a budget and track my net worth. Kinda like a balance sheet and income statement in a business. Personal Capital makes it easy to do both in one app!

]]>
By: Mike @ MikedUp Blog https://eliteedgemoney.com/is-net-worth-tracking-the-new-budgeting/#comment-266299 Mon, 02 Apr 2018 01:05:22 +0000 https://staging.eliteedgemoney.com/?p=55593#comment-266299 The net worth shows your wins and losses – the budget is your individual gameplan… one game at a time. Net worth tracking is new to us and as I just started, I was surprised by what I saw. The picture is a lot different with all of the information. Thanks for writing, I’m still loving this concept!

]]>