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Reply to "Do you include your home equity in net worth ? "
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[quote=Anonymous][quote=Anonymous]I count home equity but not 529s since in my head that money is already spent. Of course if something horrible happened, we could use that money for something other than college, but I still don't count it.[/quote] I count everything because pretty much all monies saved are spent/earmarked for something. For example, most people count the full value of their 401k even though some percentage of that is going to the government via taxes. People count the full value of their savings account even though some of it (upwards of 1% of home value) will be used to cover home repairs each year. Every dollar saved has an eventual purpose.[/quote]
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