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