I used to track my daily expenses daily.
With every purchases, I'd keyed into google sheets.
But as time goes, I got lazy. I figured there's no need for me to track it daily given that I'm disciplined with my outflows. In any case, I've never budgeted how much I should spend on food, transport, shopping etc. Hence, the daily expenses tracking actually don't serve much purpose.
However, one thing that I continued to do, is to track my monthly assets/net worth. And they are broadly categorised as follow:
It feels good to see your money grow in the different pots and pinpoint which has the biggest growth. So here's presenting my annual net-worth growth since 2015:
I'm not confident that I'll hit $400k in the next few months given that I'd be wiping out almost all my CPF for housing soon. Reno cost a bomb and furnitures and appliances will wipe out a chunk of my savings.
My net worth will likely drop below $300k.
Oh well, such is life. I'll just have to grow it back again.
With every purchases, I'd keyed into google sheets.
But as time goes, I got lazy. I figured there's no need for me to track it daily given that I'm disciplined with my outflows. In any case, I've never budgeted how much I should spend on food, transport, shopping etc. Hence, the daily expenses tracking actually don't serve much purpose.
However, one thing that I continued to do, is to track my monthly assets/net worth. And they are broadly categorised as follow:
It feels good to see your money grow in the different pots and pinpoint which has the biggest growth. So here's presenting my annual net-worth growth since 2015:
I'm not confident that I'll hit $400k in the next few months given that I'd be wiping out almost all my CPF for housing soon. Reno cost a bomb and furnitures and appliances will wipe out a chunk of my savings.
My net worth will likely drop below $300k.
Oh well, such is life. I'll just have to grow it back again.
I only track my personal expenses for 2 months and decided to stop as I don't spend extravagantly. The purpose is to get a rough idea of the spending percentage.
ReplyDeleteNet worth may worth the time as you can size up liquidity and invest needs
After tracking ALL of my expenses for well over a year, it has made me even more stressful as I had to assess each of my spending decision well otherwise i feel really guilty. I still track and budget for the bigger items. Tracking net worth has made the process more enjoyable instead for me.
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