Tracking our networth has never been this fun
There's really two fundamental ways to track your financial progress.
- Track and stay within your budget
- Track and stay within your networth
The first one (your budget) is valient and great for starters. It helps to bring structure to your spending, and it's fun to "make it to the end of the month before the end of the money".
The major problem with budgeting is that you only get an idea of spending, and not really if you are advanving. Let's say you diligently follow your budget of $1900, then good for you.
But,if you are only taking home $2000, then you are only saving $1200/year. Not really enough to build a suitable nest egg.
Instead, if you focus on your networth (i.e. add up your bank accounts and subtract your credit cards, mortgage, car loans), you can see if you are truly improving (or not).
Not only that, you do bunch of other neat stuff like see how much of your salary you are saving, without having to track a single receipt.
This application will make it easy to track your networth, and really only needs you to log in once a month and update things. That's it
Check out ./mockups to see the proposed design.
The application will be built using HTML, JavaScript, CSS, SASS, and Elixir.