Welcome to Finance For Geek’s monthly financial reports! Once a month I will publish a detailed report regarding my financial stats and my current net worth.
In case you are wondering why I do such a thing, here are three reasons:
- This gives me a chance to reflect over the past month – what went well or what didn’t go as planned.
- It holds myself accountable (because numbers do not lie!).
- It allows me to stay motivated towards the dream of being financially independent (my magic number would be $2,000,000 which is a looooong way to go!).
I have always enjoyed websites sharing real numbers and real examples, so it’s my turn to do it (if you have not already, learn more about me).
The goal of these reports is not to brag or show off numbers, but for my readers to emulate my successes and avoid my failures. As you will see, there are plenty of both!
For me, one key part of my long-term goal is to track my net worth, giving me an overall view of my finances. There are many different ways to calculate your net worth, but a quick one would be:
The value of all a person’s assets (savings, investments, property, etc) minus all liabilities (credit card debt, student loans, mortgages, etc).
If you are not sure what should be included and what should not, that’s not a problem. Just start with the parts important to you and then include whatever makes the most sense to you. This can (and should!) be adjusted over time.
Check my favorite place to track net worth:
- Mint (FREE) – great for setting up budgets and automating tracking of spending habits vs. budgets. It also easily integrates with Wealthsimple (check my complete review here), which is great for people living in Canada – as I do.
You can also check out my resources page for more great products and services!
So here it is, my complete list of all financial reports I have written since I started this website, going back to September of ’16. The good, the bad, and even the ugly months!
All stats are combined for Mrs. FFG and I and will be updated on a monthly and annual basis.
Financial Report Links
Click on the month to open the full report
2017 Current Gross Income: $5,437 – Net Worth: $13,000
Jan 2017 – Net Worth $13,000 [+6.5%] [+$793]
2016 Total Gross Income: $84,563 – Net Worth: $12,207
Dec 2016 – Net Worth $12,207 [+7.4%] [+$849]
Nov 2016 – Net Worth $11,358 [+5.3%] [+$578]
Oct 2016 – Net Worth $10,780 [+3.9%] [+$405]
Sep 2016 – Net Worth $10,375 [+3.8%] [+$385]
Aug 2016 – Net Worth $9,990 (Started Tracking)
Once again, the point of these reports is to hold myself accountable. My way of doing this is to know where I stand at all times (and I do love spreadsheets and crunching numbers!). So that’s why I started all of this in the first place.
Hopefully you have been already doing this (and you have started your own website), but in case you’ve not, please start tracking where all your money’s at! You don’t have to share it with everyone like so many bloggers including me do, but at least keep it somewhere so you can access it easily each month.
Hope this inspires you in some way… and Good Luck!
What about you? Are you tracking your money already?