I was surprised by how many people used the “detailed” rather than the “simple” budget option. When I was starting this site, I had people tell me that no one would ever voluntarily submit their income & spending, let alone at a detailed level, so I am pleased!
People have submitted questions about 401k loans vs. PMI, liquid cash vs. retirement, debt vs. house…notice a pattern? Finance is all about tradeoffs and decisions! Should you do x or y? Check them out and chime in!
I know some people are hesitant to submit their financial information, but they shouldn’t be. One, because it’s as anonymous as you want. Two, we are all here to help. No one thinks less of you if you’re in debt. They’ll only respect you for owning it and progressing toward your goals.
Here is a snapshot of those who submitted:
Giveaway submission statistics
The average income and net worth were skewed slightly upward. You can see the full sortable list at the bottom of the page here.
|Annual Income||Net Worth||Age||Kids|
I had entries from 21 states (in blue) and 2 foreign countries!
70% of entrants were between 25 and 35 years old.
Congrats again to our winner! Now it’s your turn!