3/17/2014

My Money, My Choices - Level 1, Activity 4

Posted by with 2 comments | in , ,
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:

  • Taxes! Do Them!It boggles my mind how many people don't keep their taxes up to date; especially when they have super standard; nothing to write home about taxes to complete.  We're talking a T4, maybe 2 and an RRSP or school deduction.… Read More
  • Making a WillWe haven't finished Level 4 yet, because we're still taking our home inventory; but I didn't want to lose momentum (either in writing or in the My Money, My Choices process); so I'm going to start working through Level 5. Ac… 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
  • Home InventoryDo you know what you own?  Everything, every item - do you know what and where it is, how much it cost or what it would cost to replace it? The pictures I'm sharing with you this week are from the house fire my family… Read More
  • My Money, My Choices - Level Five Update In updating my blog, I thought it was time to revisit our My Money, My Choices progress.  The last I left it we had just finished level four, and were working on five.  Level five has four activities.  The f… Read More

2 comments:

  1. Morgaine17 March 2014 at 12:06

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

    ReplyDelete
    Replies
    1. Jessie's Money17 March 2014 at 12:24

      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.

Subscribe to: Post Comments (Atom)

Links ♥

Followers