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Jul 2016 Financial Update
By Finance Smiths  •  August 2, 2016
I have updated the net worth, asset portfolio, passive income and savings rate pages on my blog. It's a monthly exercise that takes about 30 minutes to complete and gives us a good financial snapshot. What's fascinating is that since we started tracking our finances in 2015 and showing them on the blog in 2016, all these monthly static financial data points are coming together to form financial data trends! We start to observe the impact of lifestyle inflation, efforts to increase income & reduce expenses and changes in asset allocations. It's difficult to pick up on such trends until you have sufficient financial data to work with. I highly recommend everyone to start tracking these four components monthly for a better financial picture. It's amazing how much information you can glean! Since I'm doing monthly financial updates, general comments will be provided on the progress of each component. There will be less detail but I ...
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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