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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  • Claiming line 31! I started ynab and my age of money is currently 8 days. I feel like this will drop towards the end of the month when all my recurring bills go out after my payday.

    Aiming for 35 days at the year end but i am unsure how realistic this is especially when I have debt to pay

    Like
  • Claimed line 33.  I started using YNAB last year and never made it to 30 days.  Shooting for 45 by the end of 2020!

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  • I'm in again this year. I didn't make my goal last year but I cash funded a lot of stuff I wouldn't have previously so I'm ready to get into it again this year.

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  • 2 years using ynab. Did my first fresh start this month (Jan. 2020). Paid off my debt last year and continue to build my Emergency Fund. Looking get at least a paycheck ahead (60 days AOM) without counting my EF.  Inspired by this community and the community challenges.

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  • I guess line 36 is mine :) Just started with YNAB last week and will where it leads me! Will post my AoM on the 15th!

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  • I claimed line 37. Started YNAB anew early January. My goal is to reach 30 days by the end of this year.

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  • Claimed line 38. Started YNAB last month so I'm not sure what a realistic goal would be so I'm just going to go with 40 days since my AOM for December 2019 was 20. Trying to double it I guess :)

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  • First entry EVER in the AoM Challenge after starting YNAB 1.5 weeks ago...

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  • I'm aggressively paying down debt atm so AoM isn't really on my list this year, but I have to admit I'm interested - bevocat what variant of English is it where twenty & money rhyme? I don't think I've come across that before

    Like 1
      • Annieland
      • YNABbing every day since 2009!
      • Annieland
      • 2 mths ago
      • Reported - view

      Quantum Jump When I read the words they don't, but when I actually say them in a natural way, they do.  I hear the T in twenty when I see it, but I don't think I've ever pronounced it.  So it's like "Munny" and "Twunny" for me.  I have a pretty obnoxious NYC accent, so maybe that's it?

      Like
  • Started nYNAB back in June 2019 ish. Made loads of progress but fresh started December 31st and lots of my bills come out on 1st so AOM was 6 days on Jan 1st. Still paying off debt so to get to 34 days by Christmas would be exciting. 

    Like 2
    • Smashing Pumpkin 98 At this rate you'll Disarm your debt in no time, your AoM will Rocket up to Thirty-Three, and you'll be saying, "Today is the greatest!"

      I'll see myself out.

      Like 2
  • Current AOM: 96

    This could be fun to see, especially with my plans this year.  I'll post 15th since that's today, and also the day after my car loan payment and one of my credit card payments - theoretically this is my lowest point in the month (other credit cards are beginning of the month).

    Like 2
  • It's interesting to see the AOM slowly climbing as the month goes on. December was 175, but I did a Fresh Start 1/1/2020, so I'll see how it ages.

    Like 2
  • Hello, I'm starting this challenge for the first time. I have no idea how Age your Money works, nor my end goal as I've just decided to give nYnab a chance as it seems I will lose ynab4 once I upgrade my OS system.

    Though I'm interested in how high I can get and what that means for my savings and debt reduction. 

    So I've started nYnab I will updateJan so right now AoM has not appeared yet.

    I will update end of the month.

    Like 2
  • I'm in.

    Current AOM is 5 days but that won't last long... We have $1.46 to our names at this very second. My goal is 30 days by the end of 2020.

     

    I'm going to take the 43rd spot on thie spreadsheet and will update on the 19th of every month.

    Like 1
      • Gidychi
      • Gidychi
      • 1 mth ago
      • 1
      • Reported - view

      Gidychi 19th Feb and now I'm at 8 days Up 3 days :) Yipee!

      Like 1
      • Gidychi
      • Gidychi
      • 2 wk ago
      • 1
      • Reported - view

      Gidychi I'm a couple days late but 9 days for me, up 1 day! just paid a big bill that I had all the money for (YAY!) and have done some extra shopping because we weren't sure if our groceries were going to be delivered or not. 

      Like 1
  • I'm in! Currently at 4 days but shooting for 30. Working toward paying a lot of debt this year so we will see how it goes. 

    Like 1
  • Team Boxrud taking line 45, hoping to get to 60 days by the end of the year!

    Like 1
  • December AoM was 23,  this month is currently 11 days and will update at the End of Month.  My goal is 45 by the end of the year.

    Like 1
  • My AOM went down to 2 days last week, when I got a personal loan which I used as soon as the funds hit my bank account to pay off some high-interest credit card balances.  It's back up to 6 days today. Here's hoping I can still reach my goal of 30 days by the end of the year, while simultaneously working on paying off that debt (also student loans). I am also trying to build up an emergency fund so that should help with my AOM.

    Like 1
  • I'm not sure how this AOM works.  Mine sat on 13 days for awhile then jumped to 15 for a few more and finally rose to 17 for the last couple of days.🙂

    Like 1
      • Moohouse
      • Software developer
      • Moohouse
      • 2 mths ago
      • Reported - view

      Tilda Lou It's not that complex, but it's an average of the last 10 (budget affecting!) outflow transactions' bucket age.

      So, say you're paid on the 1st with a new budget and make 20 transactions over a period of time

      (we skip the fist 10, and let's say for simplicity's sake that your AOM then rises by 1 for the first 10 days. we aren't shown the exact bucket age)

      11th #1: 11 day old bucket - AOM should be 11 +10+9+8+7+6+5+4+3+2 / 10 = 6,5 -> 7
      11th #2: 11 day old bucket - AOM should be 11+11 +10+9+8+7+6+5+4+3 / 10 = 7,4 -> 7
      11th #3: 11 day old bucket - AOM should be 11+11+11 +10+9+8+7+6+5+4 / 10 = 8,2 -> 8
      11th #4: 11 day old bucket - AOM should be 11+11+11+11 +10+9+8+7+6+5 / 10 = 8,9 -> 9
      11th #5: 11 day old bucket - AOM should be 11+11+11+11+11 +10+9+8+7+6 / 10 = 9,5 -> 10

      Then you make 5 more transactions over the next 5 days.

      12th #6: 12 days old bucket - AOM should be 12+11+11+11+11+11 +10+9+8+7 / 10 = 10,1 -> 10
      12th #7: 12 days old bucket - AOM should be 12+12+11+11+11+11+11 +10+9+8 / 10 = 10,6 -> 11

      13th #8: 13 days old bucket - AOM should be 13+12+12+11+11+11+11+11 +10+9 / 10 = 11,1 -> 11
      13th #9: 13 days old bucket - AOM should be 13+13+12+12+11+11+11+11+11 +10 / 10 = 11,5 -> 12

      14th #10: 14 days old bucket - AOM should be 14+13+13+12+12+11+11+11+11+11 / 10 = 11,9 -> 12

      So, basically, it's averaged over the last 10 transactions, and if you have less than 10 transactions each day it will lag behind and move slowly.

      If you mainly pay with credit cards, then it will move very slowly.

      If you had 10 transactions on the 14th it should in this case end up at 14. 🙂

      More information:

      https://docs.youneedabudget.com/article/199-aging-your-money

      Like
      • Tilda Lou
      • Silver_Flute.11
      • 2 mths ago
      • Reported - view

      Moohouse Moohouse Thanks for the information!

      Like
      • Tilda Lou
      • Silver_Flute.11
      • 1 mth ago
      • 1
      • Reported - view

      Tilda Lou  Well, certainly not what I was hoping for but it is what it is.  AoM 13 days.

      Like 1
      • Tilda Lou
      • Silver_Flute.11
      • 9 days ago
      • 2
      • Reported - view

      Tilda Lou 

      Like 2
      • Tilda Lou
      • Silver_Flute.11
      • 8 days ago
      • 3
      • Reported - view

      Tilda Lou Made my goal!   

      Like 3
  • Updated for the end of month. Some unexpected expenses made me drop a few days, but hey, at least I had the funds, 12 months ago it would have gone on my credit card, so I’m taking it as a win!

    start 128

    January 125

    Like 2
  • A day early but here is my Feb 1st update.

    First of January: 4

    First of February: 15

    Woohoo! I generally am able to be half a month ahead but have not gotten much further. I hope YNAB helps me learn to stretch past that limit.

    Like 1
  • December Age of Money =15 

    January 31 

    It was interesting to see the fluctuation during the month I went as high as 24...

    Like 1
  • Jan. 31st = 14 days, +1 from December.  :-)

    Like 1
  • Fresh start 1/1/2020, so zero for the first few days. Now 25 on 1/31/2020, so that's almost a day per day!

    Like 1
  • December 383
    January 388

    My uncle called me up and needed a short term loan yesterday of pretty much my entire monthly take home pay. I had no problem helping out, and I know he's there for me when I'm in need. AOM will likely drop a bit, but I couldn't care less! ❤️

    A lot of changes at work as our new American owners want better EBITDA numbers from us - monthly. Not worried at all for my job, as it seems we'll meet the owners' expectations - eventually. Just a rough start with a new system, and it seems no monthly bonus for January for the first time in years as we're currently miles below our target. I created our current bonus system, so I feel a bit down, but I'm sure we'll pull through!

    Like 2
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