Age of Money - Twenty-twenty!
Hey, in my variant of English it rhymes!
Starting up the AoM challenge for the new year!
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 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.
Sept 1st AOM: 75! 🤩
2020 Original Goal: 30
2020 Stretch Goal: 60
I am going to keep my goal at 60. I'm still waiting for the financial fallout of a month of Urgent Care/ER/Ambulance/Hospitalization/Medical Tests/Surgery issues. I am on the mend but am still waiting to see what damage the bills do to my savings. 🤞
Oh boy...AOM looks really bad on Sept 30th, BUT...
I decided to take a big chunk of my savings to pay off my car (no more car payment 🤓) and made my last payment on my only remaining loan that isn't a mortgage. Afterwards, I did a fresh start, decluttered my categories, and revamped my goals for the extra $1000/mo available to budget.
I'm looking forward to what should be much faster progress towards my December 2020 goal!
I have all my known and unknown expenses covered and then on top of that, I have what I call my Freedom Fund. This category balance dwarfs my next largest category.
Very impressive. Congratulations!
I will get there one day.
At the start of the year, I was hoping for 110 days AOM. It still seems to be going up!
Although, now that I'm retired, and drawing from my nest egg, the DOB is really that source's buffering. My financial analyst does repeated stress tests, and so far we have seen a DOB of ~infinity at a 99% confidence in bear market simulations.
Just found this topic, and thought I'd add my statistics in the spreadsheet. There is a lot of variety I see. AoM is not necessarily a number I focus on much, but it's always nice to see growth :) Started in April 2020 and my AoM rose steadily to 89. In september I did a mini clean-up of my budget and now I'm back to 32 (Oh, and we had two big expenses on our house bankaccount).