Family Balance Sheet
JANUARY 20, 2023
The last time we wrote numbers-driven financial goals was 2019. That was the year that we made the goal of paying off the last of our non-mortgage debts and we achieved it by September of that year. <<— Once we paid off our non-mortgage debts in 2019, we started saving some of the debt snowball money for college savings.
Savings Corner
DECEMBER 24, 2023
To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Basically, the formula is: ASSETS minus LIABILITIES equals NET WORTH And by the way, your income is not included in a net worth calculation. And when we say own, we include assets that you may still be paying for, such as a car or a house.
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