I started tracking my net worth and spending in November 2014 using The Budgeting Tool . The woman who runs the site is named Sherry from Save. Spend. Splurge.. Sherry is money goals to me. She was once in a shit ton of debt as well but managed to dig herself out. Now her net worth is over $500K! Sherry also comes from an Asian family so I feel like I can relate to her story. She has also dated a money moron in the past but came to her senses quicker than I did. She also is a foodie and has impeccable style. I feel like she is my spirit animal. Haha!
The Budgeting Tool is USD$50 but she matches that amount and gives it to charity. The tool has helped me tremendously. I input my income and expenses and I’m able to track my progress towards debt freedom. The Excel spreadsheets all link together and are pretty much dummy proof.
In November 2014, my net worth was -$31K (eek!). My net worth at the beginning of 2017 was $55K and currently, it is $74K. I admit I haven’t been super strict with my budgeting this year as you can see in the line graph. The little dips are from adjustments I made to my budget or from splurges (yes, I know I can’t afford to splurge if I’m in debt) but the important thing is it is trending upwards. I will need to exude willpower next year for all my money goals. Happy new year, everyone!