Calculating Your Net Worth Worksheet: Knowing your net worth isn’t just for millionaires. It’s for soon to be millionaires like you. Yes, you! Calculating your net worth will help you to determine if you have more assets than liabilities or vice versa. The goal is to have more assets than liabilities. Assets are items you actually own while liabilities are what you owe. Debt free is the goal for most and for some, good debt is the goal. Debt free means you owe nothing to anyone. Good debt could be considered minimal credit card debt.
Monthly Budget Worksheet: This sheet is used monthly to organize your income and bills/expenses. This also will determine if you have money left over to save. You’ll find out if you have more bills than income and what you’ll be able to cut out.
30/31 Day Spending Tracker: For 30 days, you will jot down how much you spent or how much you received that day. At the end of the 30/31 days, you will add up each incoming entry and each outgoing entry. Write in the totals and subtract the outgoing funds from the incoming funds. Doing this will show if you are spending more than you receive and what you are spending too much on.
Once doing all or some of these worksheets, you should be able to determine if you are on the right track financially or if there are necessary changes to be made. Writing things down makes them more realistic. This also gives you a place of reference. You can come back to the worksheets and see how far you have come on your financial journey.
To download your free copies, visit the budgeting tab or click here.
To listen to the podcast episode for Dear Standards, click here!
The irony of standards
Definition of standard
a level of quality or attainment.
an idea or thing used as a measure, norm, or model in comparative evaluations.
When it comes to dating, we all have standards, whether high or low. High standards to the point that they are almost unattainable and standards so low that they are almost non-existent. I had a conversation one day about standards with a member of the opposite sex and a question came to mind that hit me like a ton of bricks. What if you aren’t someone’s standard or you don’t meet their standards?
Now I know that we are not always someone’s cup of tea, but for me, I think very highly of myself. I’m God fearing, intelligent, humorous, mature, charismatic, a people’s person and beautiful inside and out, among so many other things. I consider myself a rare breed and top tier as it relates to what a man would want in a woman. So, the question, ‘what if you meet someone and as highly as you think of yourself, you are not their standard?” comes to mind. Like, what if they think that there is someone out there better than you? How Sway? Lol, but it really made me think.
Now, granted in relationships, we should find a mate that encourages and/or motivates us to be and do better but you never really think that of all of the qualities that you possess, they may not be up to par for someone. The irony!