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I'm 31 and my spouse is 45. I just calculated our net worth yesterday and it was at about $248,000 including home equity. Home equity accounts for about 75K of our net worth. The rest is in retirement accounts, college accounts, and short-term savings accounts.
You can see the details in my Net Worth IQ profile.
Networthiq.com is good for the kind of self-check the OP was looking for. You can look at other people's net worth, and how it's divided up, according to their age, state of residence, education level, and income. The piece that you don't get is how somebody got where they are.
In our case, we both had a lot of advantages in life--college was paid for by our parents, and we both received full tuition scholarships to go to grad school. Our income is not very high, but we're both good with money. I started saving for retirement at age 20 and never carried credit card debt because my frugal older sister converted me. Both my parents are spenders. My spouse started saving much later, in his late 30s. I feel like I'm a bit ahead and he's a bit behind, but on average we're doing okay.
Our biggest strength financially is that we keep our fixed expenses low. We drive a modest car and live in a modest house. We save about 15-20 percent of our income for retirement. We should be saving more for college and should be doing a better job of tracking spending and saving for short-term big expenses like irregular bills.
You can see the details in my Net Worth IQ profile.
Networthiq.com is good for the kind of self-check the OP was looking for. You can look at other people's net worth, and how it's divided up, according to their age, state of residence, education level, and income. The piece that you don't get is how somebody got where they are.
In our case, we both had a lot of advantages in life--college was paid for by our parents, and we both received full tuition scholarships to go to grad school. Our income is not very high, but we're both good with money. I started saving for retirement at age 20 and never carried credit card debt because my frugal older sister converted me. Both my parents are spenders. My spouse started saving much later, in his late 30s. I feel like I'm a bit ahead and he's a bit behind, but on average we're doing okay.
Our biggest strength financially is that we keep our fixed expenses low. We drive a modest car and live in a modest house. We save about 15-20 percent of our income for retirement. We should be saving more for college and should be doing a better job of tracking spending and saving for short-term big expenses like irregular bills.
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