Only freedom will do

edinburgher

So another month has come and gone and my net worth spreadsheet has reached the final column for the financial year!

I know why it has happened, but my chosen metrics continue to confuse the hell out of me, I think that I need some simpler metrics

My main barometers of success have been years to go on average or years to go on average based on the last 3 months, but ££,£££ expenditure on the house has thrown up some crazy results (for example, large increases to home/equities make it look like we've already retired as there are -ve months to go). Chance would be a fine thing :rotfl:

I'm thinking that NW 'my number' might be a simpler one to keep track of

On that basis, we've added something like £30k over the last year, not bad for £45k of earnings.

hiddenshadow

edinburgher wrote: »

On that basis, we've added something like £30k over the last year, not bad for £45k of earnings.

Well done, definitely not bad.

I don't track house price increase in our NW, mainly because it's only "on paper" money until we sell and cash out. (I do track base equity based on purchase price vs current mortgage, just so NW isn't massively negative from the mortgage alone.)

On the other hand, I do include our pensions in NW, even though they're likely to fluctuate even more than house price. It's encouragement for me to keep trying to put more into the pension, though, so it's useful in that regard.

edinburgher

I track a 'median' of the increase (i.e. survey valuation vs. Zoopl@ price). It's not particularly scientific, but it allows me to acknowledge some increase without getting OTT. I may well take housing back out of the equation at some point, but it doesn't make sense just now.

FloppyDisk

Glad I'm not the only one. I have a weighted mean based on different website values and latest aggregated pessimistic estate agent valuations.

/endgeek.

AlexLK

Amazing figures.

Totally confused and quite impressed by the spreadsheet geekery, though.

SuperSecretSquirrel

edinburgher wrote: »

I'm thinking that NW 'my number' might be a simpler one to keep track of

On that basis, we've added something like £30k over the last year, not bad for £45k of earnings.

Simple and effective figures that give you a really good feel for how things have come along over the year. Excellent progress, well done! :j

edinburgher

Argh! Our first month of seeing childcare costs deducted pre-tax, my wages feel a bit small, but then I look at the payslip and I see all the good stuff that is being covered aaaaand relax

Received a referral bonus for RateSetter, £10 sent over to savings. My ISA funds sale has nearly settled, in the region of £6,000 to pay down our unsecured debts. It is quite sad that one of the main reasons I want to close these credit cards is to simplify our NW spreadsheet :rotfl:

Month 2 of big boy/girl pension payments, I am now eyeballing our next milestone (1 year's salary in my current DC pot). Should hopefully be reached by early summer.

Baby sleep horrible the night before last, but good last night. I need to get back into studying a.s.a.p. (I basically took a week off because of exhaustion/sore foot/feeling sorry for myself)

edinburgher

Managed to get a little studying done last night, so the bit is back between the teeth, even if the horse is recalcitrant

In other news, I have my first 'customer', helping a friend to budget for the first time in 30+ years :rotfl:

edinburgher

Spare money somewhat wiped out - just paid £6,119.06 off CC! :j

We now have less than £300 in unsecured debts after home renovations (although no money) :rotfl:

LadyGnome

edinburgher wrote: »

Spare money somewhat wiped out - just paid £6,119.06 off CC! :j

We now have less than £300 in unsecured debts after home renovations (although no money) :rotfl:

That is serious debt busting. Lets just ignore the "no money" bit for now:T