
Age of Money 2019
Starting up the AoM challenge for the new year!
https://docs.google.com/spreadsheets/d/1_4gVfeRXso4wIgASo7dPOGz5qY0H9tLOvSXQARPclHg/edit?usp=sharing
-
Well especially after my recent confusion, this is made for me! I hope no one minds I have two budgets - quite separate - for my two countries. The two sets of spending both go on more or less all the time (with occasional short breaks in Kuwait) but they aren’t connected, except in that Kuwait is the source of income and funds 🇬🇧.
-
How fun! Our AOM was 52 in December, but that's down significantly due to buying both a car and a house in the second half of 2018. It was up to 156 before that, so I made that my goal. I wouldn't be surprised if we get higher, though, since we are focusing on saving this year... just have no way of guessing how high! 😊
-
Feeling good about the challenge 1 week in... I took last year's annual bonus and instead of using it for something "fun," I used it for something that will actually improve my happiness in the long term. All of January and February is budgeted out already! That AoM number should start movin' on up.
-
2018 ended with AoM of 350. I have a few already funded big-ticket items coming up this year, so I predict AoM to decrease by a lot and then to build up again to around 320. If I complete my goals and manage to keep AoM about same as now I'm even happier! Failing to complete any of the set goals for 2019 it should end up somewhere around 470.
Ben Shortbread
If you start off with a starting balance greater than 0, then it should keep building by 1 day every day, until you stop spending from your initial starting balance and start spending from your next income source. Afterward, it'll keep building if you on average spend less than you earn, but it won't grow as rapidly as it did initially.
-
I'm in. I think I first started using YNAB in 2014, but I've fallen off the wagon many times, unfortunately. I started budgeting again in October 2018, so I'm using that as my start date. My AOM at the end of December was 24, but we are currently at 12. I put 45 as my goal for 2019. We are planning to pay off a lot of debt this year, so it will be interesting to see how this plays out. Honestly, I'd be thrilled if we could get to a steady 30... but hey! Dream big!