Let's begin by tracking our net worth, which is crucial for assessing our financial well-being. It's like stepping on a scale to measure our weight. Completing this easy tutorial once a month is recommended, preferably within the first three days of the month.
Step 2 - Contribution Tracking (Intermediate)
It's important to keep an eye on how much you're putting into your retirement accounts each year. This way, you can take full advantage of the tax benefits they offer. Plus, tracking your contributions lets you make changes when needed and make the most out of your retirement savings.
Step 3 - Savings rate (Beginner)
In this step, we'll guide you through a straightforward tutorial on computing your savings rate using a basic spreadsheet. It's similar to monitoring your daily calorie intake.