I was going to wait until Monday to post this, but I can't wait! This is your next assignment. With all the work you're going to do this year to get your finances and your life in order, it will be great to have a clear picture of where you are now as basis for comparison. So, your next assignment is: GET A CLEAR FINANCIAL PICTURE/CALCULATE YOUR NET WORTH

Many of you haven't done this before. So, I've written an article that takes you through the process along with a worksheet you can print out.
Here's the link:
http://www.mommysavers.com/family-fi...et-worth.shtml

I'd like to give you about a week to complete this assignment. Stay tuned, however -- there are more assignments to come later on in the week! Good luck!

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Thanks for posting early! This is a great thing for DH and I to do tonight!

wahoo! this is awesome. i'm going to print it out and go work on it right now! i'm curious to see how it turns out!

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Thanks! That was fun. Is there supposed to be a poor, fair, good, excellent-type rating according to what you're worth, or is this just for fun?

Just printed off the sheet. This should be interesting. I've never done this before. I'm like changed 4 Life....is there some guideline as to what is good or not, or we're just going to use it as a basis for seeing if we improve or not. Thanks!!

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Your net worth statement will be a key tool to use as a measure of accomplishing your goals. I do want to make this point: your net worth statement is personal, and the only way to judge it is against yourself and not others. Everyone's goals and objectives in life are different, so is the amount of money required to achieve them.

I guess a general rating would be this: if you have negative net worth, you have a lot of work to do! But, this is what the project will be about. Getting from "here" to "there" and staying on track. Your net worth won't mean too much to you unless you have a clear idea about where you're headed in the future and what your net worth goal will be, which will be the basis of future projects.

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Ya!* I am so excited about a new step!
I have no idea what net worth even is (sad I know) so I am looking forward to reading your article Kim and learning alot about my financial status! I appriciate all of the time you are taking to help make this project successful

I emailed the worksheet to DH to print from work. Oh boy, this will be interesting!

I took this info and made it into a spreadsheet so I can just plug in the numbers and then change them when I need to!

Thanks Kim for the info.

This will be interesting I have never done this before.

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A Family of 5's quest to forget the Joneses.