
Age of Money 2019
Starting up the AoM challenge for the new year!
https://docs.google.com/spreadsheets/d/1_4gVfeRXso4wIgASo7dPOGz5qY0H9tLOvSXQARPclHg/edit?usp=sharing
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HappyDance said:
It's been a very expensive year for me, all big-ticket items that I saved up for in advance of purchase. I'm so grateful for the clarity that YNAB provides. It kept me calm while paying bills with a comma in them and buying things with a comma in them.Same here, it's a beautiful thing! I don't even blink anymore when paying to get my house repaired like this morning when a garage door repairman installed two new springs and fine tuned my garage door for the foreseeable future. The money is there and waiting to do its job!
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Superbone said:
I don't even blink anymore when paying to get my house repaired like this morning when a garage door repairman installed two new springs and fine tuned my garage door for the foreseeable future. The money is there and waiting to do its job!And then today it's the hot water heater. D'oh! The hits keep on coming.
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I re-organized my finances and accounts in anticipation of a Fresh Start on January 1, and took this time to transfer 35% of my liquidity to investment accounts. I'm back to a liquidity of roughly 8 months income (from the 13.5 months it was) in my budget, mostly comprised of emergency funds (6 months), true expenses (1.5 months), and the remaining half month throughout the remaining categories. My end-of-December paycheque will be used to budget January.
All of this clean-up and reorg pretty much decimated my AoM #, so I will not reach the projected 300s number I thought I might at the beginning of the year.
and I will see a ??? or near-ZERO on January 1 when I pull the trigger on my fresh start.
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Ending the year at AOM of 144, up from 137. DOB is 191, up from 183. I foresee both of these plummeting in the year to come as we're looking at $20-30k of planned, budgeted spending on top of normal expenses. Before YNAB we never would have been comfortable making those sorts of plans because our dollars didn't have jobs, we didn't have a plan for our saving and spending, and it would have left me feeling too vulnerable to do so. I'm planning on counting this as a win, no matter what my numbers do in 2020!
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Everybody did great keeping track of their AOM this past year! I hope you'll join me on the new challenge at https://support.youneedabudget.com/t/18vd6t. Happy New Year!
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Last half of the year was a roller coaster and a nose dive. I DID manage to hit my goal of 150 in June though!! Before we purchased our house and owned two houses for 4 months 😐😅. With the sale of the old house cane a huge inflow with a subsequent large outflow to our new mortgage. AOM plummeted to a low of 14 days I think the first week of December. It should continue to climb into February as we are still spending that money from the sale on Nov 22.
just shows that AOM isn’t all that usefully of a metric, but fun to track.