Tuesday, December 05, 2006

Net Worth Update

So I've started using NetWorthIQ to track combined net worth. And I like the simplicity of the system but the problem is that there are these categories, that I really like, but it really creates a feeling of "keeping up with the joneses". I click on people who live near me, have the same level of income or type of job and then I find that I am painfully behind them. What does this do other than make me upset and feel "less-than"? Bollox.

Anyway, now I am in the process of figuring out what is going to work for me and keep me involved over the long haul. That is my main concern now. I've been able to keep track of the financial stuff via an excel spreadsheet and I think that it is really nice but I don't feel the need to get too much more involved than that. I think that I will never really get to the point that I really need to get into quicken or ms money. It just seems like more work than is necessary for me.

Bottom Line: total net worth increased about 4,000 this month. It would have been more except for the large payment on some home improvement work that was done.

1 comment:

taxxcpa said...

An easy way to keep up-to-date records of your stock portfolio is with yahoo finance which let you set up your portfolio by entering shares and price paid. It will then calculate the value of each stock and your daily and cumulative gains and losses.