![]() I have also been an avid user of as well as Personal Capital over the years. Sticking to a “budget” is a great way for those starting out to really have a grasp on what they’re spending but after awhile, it does not matter as much as a net worth tracker unless you plan on materially changing your spending habits. However, I don’t find it particularly useful because I am already very observant of my spending habits, and my spending changes month to month depending on what big things I may purchase. Monthly budgets are a good way to make sure you know exactly how much money you’ve made and how much you’ve spent. Monthly budgets are useful but not overly so ![]() I think the net worth trend is more important than the net worth itself as this really gives you an idea of how well you’ve saved, and how your investments have grown/not grown during that time. Of course, there are many other ways to have negative net worth. Fresh grads that start work may likely have thousands in student loans but little in cash or investments because they just started working. It is possible to have a negative net worth as well. Read Also On Johnny Africa: How does moving to another country impact your credit score at home? This Google Sheets will be all you’ll need! Make sure to also check my other sheets However, to properly ensure you don’t get yourself into huge amounts of debt and to just better plan for your future life goals, I have another spreadsheet for tracking my net worth and to help keep in tact my monthly budget. I am an avid credit card and points collector as you can read from my comprehensive guide to travel hacking and credit cards which explains everything you ever needed to know about how to use credit cards to maximize traveling. In the last year, I’ve traveled the world for a year and my net worth actually increased and this spreadsheet helped me track everything along the way. Through my investments, which I go into detail what I’m invested in with this post, I retired early at the age of 34 with a net worth over $1m and this is the spreadsheet I used to track my adventure along the way. I love spreadsheets for all facets of life and this next spreadsheet is for tracking your net worth, budgeting, and to help plan for a little thing called FIRE (Financial Independence and Retire Early) which is a movement that has gained significant traction over the years.
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