Age of Money - Twenty-twenty!
Hey, in my variant of English it rhymes!
Starting up the AoM challenge for the new year!
----RULES----
1. Choose a day every month that you will post your AOM to the google spreadsheet (link below).
Be consistent on the day that you have chosen to post your AOM. (Your metrics will not help you or provide you with useful data if you are not consistent.)
2. Post your AOM.
3. Comment below that you have updated the spreadsheet.
If you want, you may post a screenshot of your AOM. This will be fun and will help keep the thread alive. It's not required however.
4. Try to keep the thread on topic.
Changes to the Spreadsheet.
If you see any minor changes that ought to be made, go ahead and change it.
Cheating
Cheating is posting a number that is not your actual AOM, or changing your number because your AOM increased the following day.
We are following the the honor/honour system.
You do not need to cheat, but if you do, everyone will ask how you've become so awesome with money and then you'll have to live with yourself. It only hurts you.
https://docs.google.com/spreadsheets/d/1mqceQ-S1F_brlUyQmjplJ6LrclPn-MrwzG6hFDqzMo8/edit?usp=sharing
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I decided to invest a large part of my available funds in stocks, so AOM takes a plunge from 354 last month to 157 now (-197 days). Time will tell if this was a good idea, but after less than one month I'm doing good 馃槈. I don't really feel like a stock broker, and I certainly paid too much for most of the stocks, but I still think I'll earn some money this way for a long investment.
I have also just started to pay down the mortgage at a somewhat faster pace which shaved off a handful years or so - depending on future interest rates. I may return to the normal payment schedule later on if I want or need to.
All my original vacation plans were cancelled due to Corona, as it seems now I can't really get out of the country until maybe in August. I'll find something else to do, I have already laid some plans for a long bicycle vacation and bought some new camping kit.
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Up to 14 days! I have my baby emergency fund now and I'm going to start working on my credit card debt and true expenses.
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End of April.
My AoM continues to steadily climb. It can't not climb actually. I did a fresh start on January 1, and the funds that were registered in my accounts on January 1 included a 6-month e-fund, savings for my next car purchase (I transfer a lump sum out of budget every year in June for that purpose), and filled true expense categories.
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Here's mine. Truth be told, I didn't really pay very close attention to my budget the past few months because the pandemic had me working from home and enjoying the things I already have rather than buying more. I also saved a ton on gas and takeout as a result. I updated my YNAB budget today to see where I stood and I have a lot more saved than I was expecting on top of that.
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At 28 days. It's going up. Yay! My high was 42 so I have a long way to go, but I'll take any progress I can get.
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Claimed line 82. My AoM figure finally appeared today and it's about what I expected.
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Claimed line 85, will update on the 6th of every month. Excited to see progress.
Current AOM: 5 days Current DOB: unknown
Goal AOM: 30 days or more -
Better late than never?
End of April numbers:
AoM 132, range 106 to 132, regular progression.
DoB 523, range 456 to 581, still wild changes.
Before I did the fresh start, in the middle of December, the old budget had an AoM of 141 at the end of December and DoB of 150. Currently close to where I was in regards to AoM number. In the old budget, the numbers were similar, AoM number was in the ball park of my DoB number most of the time. I'm guessing my AoM will go a little higher before it settles down. As of 5/9 it's already up to 140 with DoB at 507. This is one of the low points of my month for my DoB number.
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MsTJ This is what things looked like on 5/31/2020. Exception: Large mortgage payment didn't go out as scheduled for May. For some reason my auto debit did not go thru on schedule, on the 20th. I like to pay this one early. Had to reschedule and couldn't get it out before the first, when it was due.
Swing on DoB is getting smaller. Still a lot of distance between AoM and DoB. It feels like the numbers are more accurate when they are close together. That might be all wrong and it's what feels better to me. Believe there are more changes coming.
AoM is in record territory for me. Believe it is now reflecting what I've been able to add to my savings so far this year. As of 6/3/2020 AoM is up to 170 already, which happened on 6/1/2020.
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I'm going to say my numbers are settling in. Sometime during June something changed with DoB. The included picture was taken on 7/1/2020.
On 6/30 they were AoM=174, DoB=216
I believe these numbers are more correct than they have been. Also have AoM equal to something close to DoB, which makes me the most comfortable and believe tells me the numbers are close to where they should be with nothing unusual occurring recently.
AoM has slowly grown, in June, from 155 to 174.
DoB changed from 426 to 220 on 6/19 when something changed in toolkit. The new numbers seem to be closer to reality, in my opinion.
Since AoM increased by 3 from 6/30/2020 to 7/1/2020 I'd guess there might be a few more days of growth before finally settling in. Believe todays numbers are close to where they will settle in going forward. Recently realized I have close to a 6 month buffer! Half a year (365/2=182.5).
I owe it all to budgeting with YNAB, the program and most importantly the education it provides. Pre-YNAB I was suffering, unable to pay monthly bills. Post-YNAB, after about 5 years, I have saved almost 6 months of expenses, with no real change to income. My savings rate was horrible when I started, today it's at almost 30%. It all has to do with budgeting and learning. So very grateful I found YNAB! The program has help me with so much more than money, it gave me peace of mind.
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MsTJ End of July numbers:
AoM 187, slowly increased over the month.
DoB 232, These numbers are settling in. Range this month have been: 213 - 241
This is about where I would expect it to be. Believe I'm done with changes due to restart the end of last year. Numbers are better than last year because I've been able to save quite a bit this year. I'm more comfortable when AoM and DoB are closer. Maybe they are reflecting my higher savings rate this year?
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MsTJ As of 8/31/2020 my numbers were 181 AoM and 155 DoB.
Had a $9K plumbing expense that needed spending come due this month. Had been budgeting up to $25K for the job, and had wanted to wait another year or two before dealing with this. It came due earlier than I wanted and way under budget. I was able to WAM to pay it, no debt required. Thank you YNAB.
My numbers took a hit from this expense and my buffer was brought down below the 6 month mark. had been as high as 188 before this expense. Hope to have it back up there by the end of this month. Really want to keep my AoM above 183, which is half of 365.
Shopping for a vehicle so whenever that purchase happens, it will bring my numbers down again. It will be good to drive a "new to me" vehicle so imagine it won't hurt too bad to see my new numbers going down.
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MsTJ As of 9/30/2020 my numbers are AoM=172 and DoB = 204.
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MsTJ
AoM DoB
2020-10-31 182 226
2020-11-30 186 241
Yahoo! AoM is over half a year! Looks like I will miss my year end goal of 200 and I'm happy with my progress.
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MsTJ
196/266 I'm very happy with these numbers. 馃憤
Almost hit my goal of 200, which was a good stretch goal to begin with.
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May 15:
AOM: 108
DOB: 129 -
CAO 15 May
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I'm super jazzed to have met my goal (45 days) so I moved the goal post to 60 days. I'm in Illinois, and sheltering in place and telecommuting since mid-March has probably helped encourage the saving, so I will be interested to see what happens when we are given the green light to move about again.
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AND NOW AT 64. It's true that there is such peace of mind knowing what my money is up to. I did a bit of a "sprint" in the sense that I was paid in May for an additional teaching job, the stimulus check, and being able to reallocate the pile of money I'd set aside from the tax return for summer childcare because I'm still working from home. I think the method works for me, but I'm also very lucky. ANYWAY, let's hope this momentum will carry me through July and August.
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I'm up to 107 days AOM now :)
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Both numbers went up, mostly because of my vacation bonus.
June will bring a few heavy legal expenses though.. :( -
Just jumped in! I'm trying to balance paying off consumer debt and building my savings. I'd usually be more aggressive about the debt but right now emphasizing saving feels right for me.
I'm interested to see how it pans out in my AoM.
Current goal is AoM 180
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Climbing back up from the house purchase.
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Another month has passed and I'm still happily employed! 馃檪
AOM 160, up from 157 (+3). DoB 255, up from 230 (+25).
My investments are doing good but still nowhere near my planned sell point. Currently they're up about 15%.
I did get refunded for my planned boat trip, and the airline just allowed refunds/vouchers for the plane tickets. No matter what, the plane refunds will take months as I can't accept vouchers.
I'm still missing some kit and repairs for my bike vacation, but I have a month still to get it done.
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End of May/Beginning of June:
My AOM seems to surge in the middle of the month and then dip at the end. It is frustrating as I get to 30 and then drop back. I tend to have more impulse buys at the end of the month - am I alone in that? 馃構
Well, it is higher than last month so that is progress.
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Hi Everyone!
Reporting my AOM for May... It is higher than my goal for the year..should I increase my AOM goal?
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It's that time of the month again.
130 days, up from 105 days at the end of April.
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Down from 371 to 226 with another very large purchase scheduled for this month. I'm curious to see just how far this drop will go.
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AOM up from 110.
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June update
Up to 33 days somehow! Not quite sure how that has happened, particularly since all the bills landed today. I'll give it a few days and see if it goes down, if not I'll change my target to 60 days.
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Final numbers for May:
AoM - 44
DoB - 27
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Added myself to the sheet. I first tried YNAB a few years ago, but never fully adopted. Starting fresh this year as of January. This thread/sheet is a great idea and I hope will help me stay motivated to keep making progress on the number. Thanks all for sharing and putting together! Since I started tracking AOM today (June 1), I scrolled back through the previous months and entered the numbers that showed there as well. Hope that's the right way to do it.
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My buffering has gone down, but AOM has gone up. I have no idea why there is such a difference.
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ISuckatMaths You are seeing the differences in how the numbers are calculated. Days of Buffering moves faster than Age of Money, generally. Neither one is perfect, nor wrong.
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ISuckatMaths The Days of Buffering tells you that, if you keep spending at the rate you are, the money currently in your budget will last you 16 days before it runs out.
Age of Money tells you that you're spending money that you earned approximately 88 days ago (smoothed out by an average of the last 10 cash transactions). Age of Money will increase if you're saving money, but it will also increase if you're staying even, and it will also increase if you don't have enough income to support your spending anymore. It will also increase as you spend your last penny (because of that averaging).
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Move Light Sound Life Thanks for that explanation. That's not what I thought AOM worked - good to know I could be broke and still have a high AOM!
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