What do you measure and why?

evenasus

I keep track of everything financial with Quicken. Don't know how I'd manage without it.

edinburgher

From memory (and some of these are experimental metrics):

• Spending diary (just started my 7th month of tracking this)
• Net worth (liquid assets)
• Net worth (illiquid assets)
• Savings ratio (earnings vs. monthly additions to cash/S&S ISA/P2P/pension)
• Projected amount required to be FI (median wages YTD - median savings ratio *12 / (100/natural yield on investments)
• Projected years to FI (projected amount needed - net worth / rolling 3 month average increase in net worth / 12)

Looking forward to adding FIT payments into the mix :rotfl:

Bufger

Cash available
Spendature (incl month on month, YoY)
Mortgage
Net worth
Contract renewal dates

I also have an asset risk assessment so I can forecast spend.

My spendature is split into bills, shopping, presents. Basically every part of a SoA you could have so I can keep a very accurate record on where we overspend and even trends by month. In reality I rarely challenge any spend but it does allow me to keep us within our means and allows me to better plan for Christmas when our weekly shopping bill doubles for a couple of weeks as we invite the world and his dog over to ours...

Not even my wife knows how much control I have over our finances - she just thinks it all runs smoothly without help :rotfl:

AlanP_2

Bufger wrote: »

Not even my wife knows how much control I have over our finances - she just thinks it all runs smoothly without help :rotfl:

My wife would tell you it all runs smoothly UNTIL I try to help.

edinburgher

Spendature (incl month on month, YoY)

Is that like expenditure? Spent at least a minute wondering whether or not that was a real word....