Have You Ever Tried To Determine Your Own Net Worth?

Really get into the nitty-gritty of expenses vs. what you have financially and own outright to determine what you need to do, especially with retirement looming in the next so many years or even now for boomers.

Over the last two or three years, our expenses have risen by hundreds of dollars a month for all utilities, property taxes, insurance, gasoline, health insurance and food.

When you take into consideration all the other expenses for things like maintenance and large repairs or appliance replacement, clothing, gifts, and etc., this takes a big bite out of net worth and keeping it in the positive range a bit tricky.

For instance, I purchased a couple window fans and we have 3 ceiling fans so we don't always need to turn on the main air conditioning unit. I've been shopping for blackout and insulating curtains and drapes to control summer and winter temperatures. Our windows already have room darkening blinds, especially useful for summer heat reduction.

I also shop all the different stores' specials and bogo offerings for food and other necessaries we need and look for coupons to match. I have charges at stores like Kohl's and wait for the biggest discounts on wanted items before we shop. When we eat out, I've got coupons. My mindset is that we really don't need anything in such a hurry as to pay full price for something that will eventually be on sale.

Short of selling everything and moving into a travel trailer to haul around for a permanent vacation how are you planning your retirement in addition to social security and pension fund? Personally, I plan to keep on working on my own and probably won't ever quit that.

Figuring out your net worth can be a bit difficult with the way all the prices of absolutely everything keep going higher and higher.