Once a month I calculate our net worth and today was the day. It’s always just after the mortgage payment hits. We’re up $15k since last month. All the numbers moved in the right direction except our house value. According to Zillow, it decreased by $3k since last month.
I used to use a site call networthiq.com to enter our monthly numbers, but the site shut down. I have kicked myself for being dependent on a site because while I do have monthly net worth totals for the past decade, I don’t have the components of each calculation. Those numbers were all lost when the site shut down.
What I especially liked about the site was seeing the graph of my net worth over the years. It was an encouragement when I felt that our budget was tight. I also enjoyed looking at the numbers for others to inspire me. There is another similar site but it’s not quite as easy to navigate and I’d have to start over. Ugh. So, I finally decided this morning to recreate a net worth tracker in Excel. It was easier than I expected though that’s mostly because it’s not fancy. But I got the graph I wanted. It also graphed each component by default and I started to remove that but then decided it could be interesting to see when lines cross. For example, when my Roth IRA account value exceeds our house debt.
Graphs show trends with one look. The graph so far shows how volatile the markets have been because most of our net worth is invested in the stock market.
Net Worth ride from Oct 2019 to June 2020
I think I’m going to take the time to enter all my monthly NW totals without the components for the past decade into the Excel table. That graph will tell a more complete story.
June Financial Update
July 3rd, 2020 at 04:35 pm
July 4th, 2020 at 02:26 am 1593825962
July 7th, 2020 at 05:52 am 1594097563
July 7th, 2020 at 03:41 pm 1594132887
I look at Zillow on our house and I never can figure out why they get the numbers they do.
Good job on showing the numbers going the right way!