annual $$ check-up

Exactly 364 days ago I calculated my net worth for the first time. I decided that it should be an annual ritual, like a financial check-up or check-in of sorts. However, I think I now understand why my brother recently sent me a link to shesgeeky . It's Friday night, and here I am writing about how I'm calculating my net worth! (Plus I'm doing it with a hand-held calculator, which probably makes me some kind of neo-Luddite geek...) I know there are plenty of net-worth calculator websites, MSNBC Calculator, NetWorthIQ , etc. but somehow it feels more satisfying for me to do by hand. Then there's the question, should I have to calculate it at all? I suppose I could enter all my financial and banking information (passwords too) into an online money management site like Mint and my net worth would automatically be calculated, up-to-date and available to be checked at any time. Hmmm... would I then want to check it all the time--like a person who gets on the scale to check their weight everyday?
For the time being, I like the perspective of looking back on the past year and seeing how I've done, especially since I can now say my net worth went up 10% since last year. A victory!
You can find this article posted at The Carnival of Financial Goals and The Carnival of Financial Planning.

1 comment:

David said...

Hi Kat,

My name is David, and I'm hosting this month's edition of the Carnival of Financial Goals.

I want to thank you for your submission, and let you know that I'm including your post in the carnival. It has a music theme, and was just posted at: http://www.pimpyourfinances.com/2009/02/carnival-of-financial-goals-music-edition/

If you have a chance, please link back to the carnival to help promote it.

I'd also appreciate it if you could vote for it on Tip'd as well. I've already submitted it, so you can vote for it here: http://tipd.com/Personal-Finance/carnival-of-financial-goals--music-edition/

Also, I like your site!

Thank you very much,