Friday Night Highlights Vol. 6

Welcome to the Friday Night Highlights, where I search high and low for the articles that are setting the blogosphere on FIRE.

This week I rounded up 3 articles that teach you to access: where you are, where you’re going and how to get there. 

  • This week Frugal Money Man is going to show you his process for calculating his family’s net worth.
  • Angela from Tread Lightly Retire Early reveals her September budget numbers. I have used Angela’s budget template to model our family’s budget and you can too. It is a perfect example of how to live a more deliberate life.
  • Lastly, Corey from The Fioneers is going to take you on a deep dive into calculating your monthly savings rate.

My goals each week is to bring together  3 articles to inspire and motivate.

Frugal Money Man: Net Worth Tracker October

You can’t improve what you don’t measure. I’m not sure where I read that quote but it is so true. Measuring your net worth is one financial tool that is easy to calculate and gives you a looking-glass view into your own financial health.

The Frugal Money Man Blog recently began posting his monthly net worth statements and I have to say I’m hooked. October was his second net worth post and in spite of a nasty market downturn, his net worth barely dipped.

See if you can tease out why his 401(k) decreased in value while his wife’ 401(k) increased in value during the same period. Read more →

Tread Lightly Retire Early: September Financial Update

I love the down to earth simplicity of Angela’s monthly financial updates. In this, (her most recent) financial update, Angela details what she calls an expensive month. What I find striking, from this post, is that we all are human with good and bad financial habits. As much as we try to be frugal and save we are also trying to make life meaningful and enjoyable. Angela has a remarkable ability to inspire an bring a human touch to the often mechanical nature of the FI community. I think you will enjoy reading her September Financial Update.  Read more →

The Fioneers: Savings Rate: Why It Matters And How We Doubled Ours In 3 Years

Savings Rate ImageIn my mind, calculating your net worth and calculating you savings rate carry equal importance. I would like to say one is more important than the other but really they tell two different stories.

Your net worth calculation gives you a starting point and a clear understanding of where you are now while calculating your savings rate gives you a clear picture of where you are going and how long it will take to get there.

This article by written by Corey of the Fioneers takes you from zero to 60 in 5 minutes. Wait, that doesn’t sound very fast. In a matter of minutes, Corey outlines how to calculate your savings rate from start to finish. Who knows, this one article by The Fioneers could change your financial destiny. Read more →

You may also be interested in an article I wrote several months ago about my own process for calculating a family savings rate. You can read, Do You Save: Calculating Your Family Savings Rate, by clicking here.

Thank you for reading the Friday Night Highlights. I really enjoyed rounding up these great articles because it gives me a chance to comb through all the great content that gets published to the internet each week.

Hopefully, you enjoyed them. If you have an article that you believe deserves to be featured in an upcoming Friday Night Highlights send me an email to thesmartfi@gmail.com. Who knows, you might be seeing your article in the next edition of Friday Night Highlights.

 

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