As part of our financial recovery, I'm using the book The Budget Kit: The Common Cents Money Management Workbook to help create a household budget. One of the first soul crushing exercises is to figure your net worth. This means, of course, that you subtract your total financial liabilities from your assets. Our assets are around 145K and our liabilities are 159K giving us a self-esteem boosting net worth of -15K. Yes, folks, we are in the red. I knew this already, but there's nothing quite like seeing it in black and white.
Yesterday's ledger:
Diapers - $6.40
Groceries - $34.16
Yes, more on groceries! Our cupboards were really bare. I did save $31.08 using the grocery game shopping list, so that's pretty cool.
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At least you can take comfort in the fact that you are not alone, being in the red... most businesses are these days, as our many families... Though I can imagine that doesn't make you feel better, kind of like there are lots of unemployed people out there, yet I don't feel any better about it knowing I'm part of that statistic. One day H2 won't need diapers, and both girls can get their own jobs to feed themselves... and you can shop at thrift stores all day!!:) Sounds like you are winning at the grocery game!
ReplyDeleteyikes, as "are" many families
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