article thumbnail

Net Worth Defined: What Is My Net Worth?

Savings Corner

Find your net worth by using our net worth calculator. 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. families by income Net worth of U.S.

article thumbnail

5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

1 – Calculate your debt. Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet. The worry consumed me, so in a brain dump session, I made a list of everything we needed to accomplish. Here are the steps we took to pay off that pesky non-mortgage debt.

Debt 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Is National Financial Literacy Month?

Prairie Eco-Thrifter

Forty-one percent of adults in the United States gave themselves a grade of C, D, or F on their knowledge of personal finance (according to the 2011 Consumer Financial Literacy Survey Final Report of the National Foundation for Credit Counseling). How to Conduct an Effective Family Financial Analysis. Cooking to Financial Success.

article thumbnail

Can You Cut Expenses by a Half Million Dollars?

Prairie Eco-Thrifter

By feeding our family of four at home for 20 years we saved $168,768. By using generic or store brand groceries instead of name brand, you can save 3.7 % of your food budget each month (per the Journal of Economic Perspectives article: Consumer Shopping Behavior, How Much Do Consumer’s Save ). 262,032 Food Preparation.

article thumbnail

Learning How to Eat Sustainably

Prairie Eco-Thrifter

In the UK, it has been calculated that 330 kg of food is thrown out by every household each year. Shop wisely; only buy what you know can be consumed by your family within its use-by date. Here are some things we have learned that you too can put into practice in your household. Reduce Waste. Shop Locally .

Growing 234
article thumbnail

How to Save Money on Groceries

Family Balance Sheet

If you are struggling with the rising grocery prices or maybe you need to make room for your family’s growing appetites, take a look at the following list and see what changes you can make to cut your grocery bill…and still eat really well! of Agriculture, a US family of 4 discards around $1500 a year on food waste.

article thumbnail

Thanksgiving Turkey Tips: Answers to the Most Common Turkey Questions

Family Balance Sheet

And even if you are not roasting a turkey on Thanksgiving for guests, take advantage of the low turkey prices right now and buy one for your family. This online calculator will also tell you how long you need to thaw the turkey in the fridge depending on size of turkey. Here are the answers to the most common turkey questions.