Year Over Year
The year-over-year view compares your figures against the same point a year earlier. It holds the window constant, which is what makes seasonal costs comparable instead of looking like changes in behaviour.
Four figures are captured and compared:
- Income
- Total household income, which is where a raise or a new source shows up.
- Net Worth
- Assets less liabilities at each point.
- Debt
- Total liabilities, and the direction they moved.
- Assets
- Everything owned, including investments and savings.
Each carries both the absolute change in dollars and the percentage change, since a large percentage on a small base and a small percentage on a large one are easy to confuse.
This content is educational and informational only. It is not financial, investment, or tax advice. Consult a qualified professional before making financial decisions.