There’s one massive change to our net worth this month: Our house value. Traditionally I’ve always been conservative when valuing the home we live in. I’d rather increase its value slowly overtime and undervalue it on our books so that when the housing market downturn inevitably happens I don’t have to write any value off.
I’ve written quite a few posts about frugality in the short time I’ve been blogging here. But when it comes to saving, there’s a lot to be said for increasing your income. Whether that’s through a promotion, changing job, or just renting a room out on Airbnb, a bit of extra cash coming in can have a disproportionate effect on your savings.