I think I have found the downside to how I look at my net worth. I went out this week to get some tools for my garage and they aren’t being included in my net worth. Granted it is hard to determine the actual worth of tools and appliances after they are used. So although my net worth dropped this week, I now have the tools to do my own oil changes, rotate tires and compress air. So in the long run, these tools will pay off with the savings on the maintenance of my car. I actually ran how long it will take the savings to pay off for the purchase of these tools. If we round up the purchase to $500, and I’m roughly saving $120 on oil changes, $200 on tire rotations, and $50 on Filters per year. Saving roughly $370 a year should balance out a little over a year. I’m working on trying to find places I’m wasting money on the convenience of not having to do the work myself.
Once again the rain slowed me down at work so I wasn’t able to get my running in. I have found a healthy peanut butter granola recipe that should help replace chips and a few other snacks.
Total Assets: $41,809.11
Total Liabilities: -$34,818.23
Net Worth: $6,990.88
Weekly Change:-$463.09
YTD change:+$12,402.95
Weight: 178.0 lbs
Weekly Change: -0.2 lbs
YTD Change:-27.5 lbs
Personal Fixer Upper 