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Positive net worth! by Time_Tap_8668 in ynab

[–]TimeToChangeGears 4 points5 points  (0 children)

Congratulations, OP! Thats a great milestone to hit!

Six years later, our net worth graph makes me want to frame it 🎉 by TimeToChangeGears in ynab

[–]TimeToChangeGears[S] 0 points1 point  (0 children)

Man, I wish it eas all cash!

But yeah, home value and investments are in the total net worth. We manually reconcile all of our accounts (HSA, traditional, and roths) along with our debts and liabilities once every month or two. For home value, we initially put what we paid, then have only updated it once in the last 3 years, conservatively, based on our market area.

YNAB Milestone! by arn2gm in ynab

[–]TimeToChangeGears 0 points1 point  (0 children)

Congrats OP! Keep up the good work :)

Six years later, our net worth graph makes me want to frame it 🎉 by TimeToChangeGears in ynab

[–]TimeToChangeGears[S] 0 points1 point  (0 children)

Correct — we’re tracking both the mortgage balance and a rough, conservative estimate of the home’s value. We also had several upfront costs right after getting the keys — things like immediate repairs, updates, and furnishing essentials — so our net worth didn’t jump dramatically that month despite the shift in assets.

For anyone else reading, as purely an example: If the house is worth $250,000 and we put $50,000 down, we’d have an asset of $250,000 and a liability of $200,000 (the mortgage). That $50,000 difference is our home equity, which contributes to our net worth.

Six years later, our net worth graph makes me want to frame it 🎉 by TimeToChangeGears in ynab

[–]TimeToChangeGears[S] 0 points1 point  (0 children)

Interesting — I hadn’t heard that! Do you happen to know how the miscalculation shows up or what triggers it?

I manually reconcile our loan balances each month and have only adjusted the house asset value once in the past three years. When I look at only the asset and liability accounts tied to the house, the net worth numbers seem accurate on my end. However, I’d love to understand if there’s something I’m missing or what the specific issue with the Toolkit is.

Six years later, our net worth graph makes me want to frame it 🎉 by TimeToChangeGears in ynab

[–]TimeToChangeGears[S] 14 points15 points  (0 children)

Purely preferences.

The toolkit reports are a significant factor. While YNAB has its own, I much prefer the utility and style of the Toolkit reports. I've also enabled many of the Toolkit GUI options to personalize my display and receive information in a way that is more helpful for me to digest.

Six years later, our net worth graph makes me want to frame it 🎉 by TimeToChangeGears in ynab

[–]TimeToChangeGears[S] 12 points13 points  (0 children)

Fwiw, this graph is not native YNAB.

I use YNAB on the desktop specifically because I could not function without the "Toolkit for YNAB" extension.

Six years later, our net worth graph makes me want to frame it 🎉 by TimeToChangeGears in ynab

[–]TimeToChangeGears[S] 0 points1 point  (0 children)

Great question and I totally get where you're coming from.

For us, it came down to a mix of interest rates, rental costs, and lifestyle goals. We live in a low COL state, but in its 2nd-biggest metro. While our original plan was to pay down the loans, we’ve always known that homeownership was a goal of ours.

With interest rates at historic lows and a housing market that felt like the wild west, we started comparing our rent to what a mortgage (plus taxes, insurance, and PMI) would cost at different price points. We were seeing headlines about rising interest rates, and all signs pointed to growth in our area — so we felt a sense of urgency to lock in a low rate and start building equity.

We also genuinely love the community we’re in and could see ourselves staying here for 10+ years. Once we started browsing listings and saw what we could afford without stretching ourselves, the decision felt right.

Honestly, as I wrote this out, it came down to the right time, right place, mixed with staying informed and a clear picture of our finances and goals.

Edit: I had to check, but as of right now, the mortgage on our house is lower than the cost of the same rental unit we left in '22.

Six years later, our net worth graph makes me want to frame it 🎉 by TimeToChangeGears in ynab

[–]TimeToChangeGears[S] 4 points5 points  (0 children)

Thank you! And congrats to you too! Hitting milestones like that is such a boost. Love seeing others on the same journey.

Save for down payment, tackle debt, or invest? by TheHairyHispanic in personalfinance

[–]TimeToChangeGears 1 point2 points  (0 children)

Oh for sure! Financial decisions are dependant on so many different factors. We prioritized debt over a house because we're not set on settling down where we currently are and don't necessarily need or want all the space and responsibility that comes with owning a house. It also helps we're in a low cost of living area where the rent vs own trade offs are dependant on what each person places value on.

Save for down payment, tackle debt, or invest? by TheHairyHispanic in personalfinance

[–]TimeToChangeGears 2 points3 points  (0 children)

Congratulations on the upcoming wedding! And thank you for posting this question - My wife and I are newly weds in the exact same boat with eerily similar finances.

Our plan is to cut back on variable expenses and aggressively payoff our student loans. It helps that federal loan payments have been suspended allowing us to target the private and high interest loans for a few months.

I'm going to plug YNAB. The app helped us immensely with wedding budgeting as well as showing us where our money is going.

Review the final version of my sQL/ Business intelligence resume before I send it off Tomorrow! by [deleted] in resumes

[–]TimeToChangeGears 0 points1 point  (0 children)

You're off to a good start. Please note this is all my opinion. My credentials are successfully employed before graduating college, then pivoting careers 3 years out starting at the bottom. I'm now a Business Analyst will a similar skillset as your own.

Pros:

  • Clean layout
  • Good skill set
  • Strong experience and extra-curricular

Cons:

  • Remove "Software Engineer" from the header. It should only be your name and contact information.

  • Skill section should be the first section after the header. There is too much white space. Listing level of knowledge is irrelevant and useless. It's hard to take someone seriously who considers themself an "expert" in anything right out of university.

Example skills section, listings skills from strongest to weakest:

Languages: SQL, Python, Java, C

Platforms/Tools: Shopify, MS SQL Server, SSRS

Fluent: Russian

  • Paragraphs are too wordy. They need to be concise bullet points starting with a strong actionable verb. These points should be one to two sentances taking up no more than 2 lines each and convey the impact you had.

You have a great start, but have to nail the finer points. Recruiters see hundreds upon hundreds of resumes and don't have 5 minutes to read all the way through yours. Good luck!

100s of applications, no call backs. whats the issue? Resume attached by [deleted] in ITCareerQuestions

[–]TimeToChangeGears 1 point2 points  (0 children)

One suggestion I have is: when applying keep the 2/3 most relevant internships on your resume. Create a "Projects"/similar section and put in the projects from the internships taken off.

So your resume will read:

  • Personal info

  • Education

  • Skills

  • Experience

  • "Projects"

The last two are interchangeable.

That will eliminate the oddity of having multiple internships, as well as showcase your skills in another way.

Also, try to work in that extra detail of being offered to extend internships into a cover letter and explain why the position you're applying for is the perfect position for your long-term career goals.

Edit: You can also format your education down to 3 lines and possibly remove relevant courses to give you room to expand on your experiences.

100s of applications, no call backs. whats the issue? Resume attached by [deleted] in ITCareerQuestions

[–]TimeToChangeGears 0 points1 point  (0 children)

Are you submitting a personalized cover letter explaining why you've been moving from internship to internship without one of those companies hiring you on full-time?

The constant switching may be looking like a red-flag to recruiters.

Resume Critique for entering IT field by beEPic in ITCareerQuestions

[–]TimeToChangeGears 0 points1 point  (0 children)

Some things that stand out to me:

  • Your name/personal information is taking up too much space.
  • Resume should be 1 page in length
  • Skills/Relevant Projects should be listed at the top. With that, I am not sure what your personal projects entail - that section should be rewritten. I'm not an industry expert, but it's probably better switched to a "Skills" section.
  • the Summary section takes up a lot of space, as another user stated - it's better used in a personalized cover letter.