3/17/2014

My Money, My Choices - Level 1, Activity 4

The fourth, and final, activity in level 1 is to create a networth statement.

This was a pretty quick activity for me - but I did make a change to my regular networth statement (and why I missed posting for March 1st).  I've been including our home's market value, but I have not been including the costs that we would incur by selling our home to realise this gain.  That is now reflected in the statement.

The trade in values for the vehicles are updated once a year or so by the dealerships, so this is a fairly accurate number.

Let me know if you have any questions on this one!






Wahoo!  I've earned my first badge!

Check out the My Money, My Choices program by clicking here.

Related Posts:

  • My Money, My Choices - Level 4, Activity 1 & 2Level 4 is all about credit...which is a tool and important to learn how to use well.  When credit, turns to debt it becomes a tool that weighs us down and prevents us from achieving financial independence. Activity 1… Read More
  • MMMC - Level 3 Done!My Money, My Choices - Level 3, Activity 11 & 12 Jordan and I don't have children so we can skip these activities - they are setting up and automating RESPs.  You can bet your bottom though, that once we do, it will… Read More
  • OverdraftContinuing on in our My Money, My Choices journey - we come to overdraft.  I've thankfully never lived in it, but have in the past dipped into a few times by accident.  The cashflow exercise we went through a month … Read More
  • My Money, My Choices - Level 4, Activity 3 and 4Activity 3 is one I can really sink my teeth into, in this one, we have to check our credit history reports.  Activity 4 is to correct any errors.  I requested them for both Jordan and I on April 14th from both Equi… Read More
  • Do you have a TSFA?My Money, My Choices - Level 3, Activity 9 & 10 From the blog posts, and articles that you still see regularly around the merits of TSFA's versus RRSP - it's no wonder people are still confused about what they are for, a… Read More

2 comments:

  1. Oh, so close to $100K NW! :)

    ReplyDelete
    Replies
    1. It was so so so hard to add in the cost of selling the house...b/c w/out that we would have been at 105 :( but this way - is more honest. It feels like all of our hard work, even though sometimes we take a few steps back is paying off long term. We are moving forward with good money management!

      Delete

Hi! Thank you for stopping by and leaving a message.

Links ♥

Followers