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Consumerism Commentary: Personal Balance Sheet, Net Worth, Income, and Expenses, July 2009
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LM · 3 months agoFlexo, I like your format for tracking your net worth. I am curious, why would you choose to count your car as part of your assets given the fact that is depreciating daily and is something that you probably wouldn't ever recoup completely since you will always need a car.
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Flexo · 3 months agoAnything you own is an asset, and you get a truer financial picture by including your significant assets, like a car or a house. The fact that it is depreciating has no bearing on the status of a car as an asset.
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Raymond · 3 months agoI like what you have going here. I choose to not track earnings but allow it to be reflected in my account each month - check out my balance commentary at http://www.tvlr2010.com/2009/08/power-personal-...
