Question

How is a calculation of net worth different from a day-to-day or month-to-month tallying of expenses?

Answer 1

The difference in tallying of expenses from a day to day and month to month is the consistency. in a day to day basis it is consistent the time for a day is 24 hrs it will not change, so you will really know why the expenses goes up or down/ unlike for a month to month it is inconsistent,, some months have 30, 31 or 28 days in a month.