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!
- 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.
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. :)
Alright, I've joined! Line 39. Started YNAB at the very end of 2020 but didn't have an AOM until January. I started with a fair bit of buffer in my bank account so as of March EOM, I'm at 49 days.
I'm not sure what a proper goal should be but am saying 60 for now, as an average. I'm paying off consumer debt right now and my debt paydown plan includes a lump sum payment at end of year so I can still have an emergency fund built up while cash flow is tight. I anticipate my AOM continuing to increase past 60 and then dropping a lot when I make that final payment. Also, life can and will happen in the meantime.