How Do You Measure Up Financially?
In order to produce the podcast and keep content up free for you, I work with partners so this post may contain affiliate links. Please read my full disclosure for more info.
As many of you know, we have a monthly net worth review since we started in 2009.
Back then, we started with less than $5,000 for our family's net worth and now we're a bit over $60k.
I'm not going to lie- we absolutely love it when the numbers increase. However it's not the main objective of the review.
For us the net worth reviews are a way to help us see where we’re doing well and what we can improve on.
Taking a Peek at Other People's Finances
I noticed that our net worth review is one of the more popular series here.
I can see why – it's kind of fun to get an idea of what others are doing with their finances and comparing to you.
While I don't recommend keeping up with the Joneses, it can be motivating to take a peek and see how other people are faring.
I've been inspired by some personal financial bloggers to cut down on needless purchases and building up some income.
I believe that having a bit of positive peer pressure can be helpful to light a fire and get the ball rolling.
Money Measure Up
Are you interested in finding out where you stand on your income, financial goals, and investing amounts?
The people over at Betterment created a free tool that does exactly that. It's called Money Measure-Up and it shows you how others like you are doing.
If you're curious to see where you stand, check out the Money Measure Up tool here on Couple Money. It's a fun tool that you can use anytime.
Thoughts Financial Reviews
I shared my progress; now I’d love to hear from you. How are you doing with your finances?
How are you doing this year? Did you check to see where you're at financially? Are you golden or is there any room for improvement?
Although the stock market is volatile, it seems to be stabilizing lately. I have 5.5 years before retirement and overal the numbers are moving in the right direction. Thankfully, a good portion of my retirement income will be fixed. It gives me greater flexibility.
I wish I had 5 years to retirement. Can you say jealous much?? lol
Apparently I measure up very well according to the tool. It’s good to see where I stand amongst my peers