This post contains affiliate links, which means I may receive a small commission, at no cost to you, if you make a purchase through a link. Please read my disclosure for more details(Last Updated On: December 6, 2018)
I started tracking my net worth report in March 2018 when I launched this blog. I used to be an accountant and the end of every month marked a chaotic time when I had to work extra long hours to try to close all of the company’s books. Now, I look forward to the end of the month so that I can get an idea of how I spent my money for the month and how my assets are doing!
A net worth report is, in my opinion, a better alternative to having a budget because you can see exactly how much you’re worth and how you’re tracking towards your long-term savings goals. In my opinion, it’s an even better way to keep me in line with my budget than an actual budget itself.
I track all my income and expenses in USD for the purposes of keeping things simple. Over 75% of my readers are American.
Related: How To Calculate Your Net Worth
Past net worth reports
- November 2018: $743,685
- October 2018: $750,764
- September 2018: $769,037
- August 2018: $757,748
- July 2018: $752,394
- June 2018: $748,572
- May 2018: $759,228
- April 2018: $765,059
- March 2018: $767,269
Why do I share my net worth report?
- I want to monitor my net worth over time and hopefully see some progress
- I want to be transparent about my money goals and hold myself accountable to them
- My net worth report can inspire others to set their own net worth goals
- It’s fun to talk about money and I know people are nosey 😉
- It helps me connect with other personal finance bloggers out there
- I’m an accountant and I love talking at numbers
What this net worth report is NOT for
- I am not posting these reports to brag about how much money I have. Sure, my net worth might be considered “high” for someone my age but I also have a huge amount of debt!
- This report is solely for educational and inspirational purposes
- I’m not looking for criticism on how I spend my money. But if you have suggestions on how I can grow my savings then feel free to comment 🙂
November 2018 Net Worth: $743,685 USD
I’ve decided that I am only going to go into detail on these net worth reports once every quarter. The last one I did was in September 2018 and the next one will be in December 2018!
I will still update the figure every month though just for fun!
This month my cryptocurrencies dropped a lot in value. Other than that, everything else looks fine!
November 2018 Personal Expenses: $2,087 USD
Here are my personal expenses for the month:
Dance: I’m doing ballet classes twice a week and tap dance classes once a week. I think going forward I will reduce ballet to only once a week because I keep missing classes and I have over 8 classes that I still have to “make up” for!
Food: My goal was to keep my food expense under $175 and I almost succeeded. $181 is pretty close! I cooked most of my meals at home but I have a bad habit of buying food at university when I have classes. I’m just too lazy to pack! Goal next month is to pack my lunch to school!
If you want to learn how to save money on food, read 16 Simple and Effortless Tricks To Save Money On Groceries.
Insurance: I used to be on a student insurance plan and it was only $100 a month. The Swiss government decided they were not happy with that now that I am a PhD student. Alas, I had to sign up for a real Swiss health insurance and the cheapest I could find was still around $340 and it includes almost zero coverage. The deductible itself is $2,500 and there’s no way I’d ever use that much in one year. *gone were the good old days of cheap health insurance*
Housing: No change.
Other: My boyfriend left for his 6-month trip around the world! I am so proud of him! He has no idea where he will be heading to and he just booked a one-way ticket. This reminds me of myself a few years ago. To celebrate his big trip, I took him to one of the thermal baths in Switzerland. It was really relaxing and beautiful there. He loved it! It came to around $70 altogether.
I also had to pay $20 for new garbage bags because we have a garbage tax. LOL.
Phone: I had incurred some roaming charges for when I travelled to Canada and the US last month.
Shopping: Didn’t do any shopping this month! 3 months straight!
Transportation: Now that I’m not commuting every weekend to see my boyfriend, my transportation costs have almost reduced to zero! Wow!
Travel: This month, I left for a 4-day trip to Athens, Greece with one of my friends. It was a super cheap trip for the both of us! We booked the flights far in advance so they were only $87 round0trip for direct flights with Swiss Air. I love flying Swiss because they give out awesome milk chocolate. We also booked an Airbnb and it saved us a lot of money in lodging. We only paid around $50 per person for 3 nights for an entire apartment. Lastly, food was pretty cheap over there (think 2 euros for a chicken gyro). So we were able to live like kings and still spend less than we would in Switzerland! Win-win! That’s why I love living in an expensive country! It makes travelling elsewhere so much more enjoyable.
November 2018 Goals Recap
- Keep monthly expenses below $1,600 –> This is nearly impossible now that I have to pay $340 a month for health insurance. Darn!
- Spend less than $175 on food –> Almost achieved! I spent $181! Not bad!
- Start investing –> I only invest in cryptocurrencies because it’s fun. This month they lost a lot of money in value. I’m not sure how I’ll proceed going forward.
December 2018 Goals
- Keep monthly expenses below $2,000
- Spend less than $175 on food
- Start investing
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