
2021 Age Of Money Challenge
Who's glad 2020 is over? I know I am, and to start off the new year great I've continued a long tradition of the AoM challenge!
RULES----
- 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.)
- Post your AOM.
- 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.
- Try to keep the thread on topic.
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 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.
Question about the spreadsheet, or you find errors in the formula's, just let me know in the thread below.
https://docs.google.com/spreadsheets/d/1D-RYH1lXkMPFqWU5EFB1iJdUrd4SrdHjngB1YH0Ic9U/edit?usp=sharing
If you've stumbled upon this post and wondering what AoM is, I encourage you to visit this helpful article: https://docs.youneedabudget.com/article/199-aging-your-money. :)
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Brandon Thomas Thanks so much for creating this thread!
On this day last year, after having started YNAB in Dec 2019, my AOM was at 14. Today it is at 123! With some fluctuations both ways - I crushed my first 2020 goal of 30 AOM, then 60 AOM, then even 100 AOM.
Without debt holding me back this year and focusing more on savings, I can't wait to see what my AOM will be in December! (My placeholder goal for this year is 200.)
I grabbed line 4 on the spreadsheet. :)
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Would it be better to ask everybody to use the last day of the month?
I suggest this for 2 reasons:
1. If we're interested in drawing comparisons, everybody has uniform data2. Let's say some people signup mid-year, I think YNAB only shows your AOM on the last day of the month when you go back, so those people don't have a choice! (which includes myself and anybody signing up today that needs to go back to get figures for Dec 2020 and Jan 2021)
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Question about "month started nYNAB". I did a fresh start a few months ago which will obviously have reset my AOM. Should I put the month I did the fresh start or when I originally started using YNAB?
I'm starting with a fairly high AOM because I have a lot in savings for future purchases (like a car & driving lessons, my first house deposit, etc.) and I don't have a high income so I don't spend that much, pushing up my AOM value. It still reflects me saving more than I spend though so I should hopefully see small increases each month.
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I like this challenge- new to me! Our AOM last year got to around 30 by about June (started in Jan at 0) and stayed there because of aggressive debt repayment of about 24,800 for the year. AOM end of year 32. Now to buildup AOM since debt all taken care of. AOM 59 as of Feb 4 and DOB 75. I would like to get it as high as possible, at least six months worth. First personal goal is 92, then 185. Am looking at significant income drop this year (partial retirement negotiations started at workplace).
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Hi all! I grabbed line 24. I was brought up living paycheck to paycheck, usually with credit card float in-between, so AOM was a mind-boggling concept when I started using YNAB last year.
Goal is 31 days but I'll do my best to keep it going after that! Starting today, 04Feb21, at 18 days AOM (and 13 days of buffering, for those of you who use the toolkit).
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Hey everyone! I'm joining a bit late. Line 27 on the spreadsheet.
My AOM has been artificially inflated by credit card float for a long time. This year I will be trying to pay off a lot of debt and get a month buffered ahead. I realize that AOM does not go up if you aggressively pay off debt, but tracking things is fun and I wanted to join in haha.
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I can not seem to make consistent headway this year with my AOM.
First of January was 118.
First of February will be 123.
First of March will be 118.
I am doing my best to save, save, save but obviously I am not living below my means. I received my tax return today and all of it went to savings. Hopefully that will help give my number a boost.
I still need to look for places to cut back in my day to day spending. (I'm looking at you DoorDash!)