How to Use the NetWorth Calculator
Follow this simple guide to calculate your net worth and start tracking your financial health.
What is Net Worth?
Your net worth is the difference between what you own (assets) and what you owe (liabilities). It's a snapshot of your financial health at a specific point in time.
Assets
What you own
Liabilities
What you owe
Tracking your net worth over time helps you:
- Measure your financial progress
- Identify areas for improvement
- Make better financial decisions
- Set realistic financial goals
- Prepare for major life events
Our NetWorth Calculator makes it easy to calculate, track, and visualize your financial position.
Step-by-Step Guide
Enter Your Assets
Assets are everything you own that has monetary value. Our calculator divides assets into these categories:
Cash & Accounts
Checking accounts, savings accounts, cash on hand, certificates of deposit (CDs), money market accounts.
Investments
Stocks, bonds, mutual funds, ETFs, retirement accounts (401(k), IRA), cryptocurrency, other investment vehicles.
Real Estate
Primary residence, vacation homes, rental properties, land. Use current market values, not purchase prices.
Vehicles & Other Assets
Cars, boats, collectibles, jewelry, art, business interests, and other valuable possessions.
Tip: For assets like vehicles that depreciate, use current market value, not what you paid. For investments and real estate, use current market values.
Enter Your Liabilities
Liabilities are everything you owe to others. Our calculator divides liabilities into these categories:
Mortgage
The remaining balance on your home loan(s), including primary residence and any other properties.
Auto Loans
The remaining balance on any vehicle loans, including cars, motorcycles, boats, etc.
Credit Card Debt
The total balance owed on all credit cards, not just the minimum monthly payment.
Student Loans & Other Debts
Student loans, personal loans, medical debt, tax debt, and any other money you owe.
Tip: Include the entire remaining balance of each debt, not just your monthly payments. For credit cards, use the current balance, even if you plan to pay it off this month.
Calculate Your Net Worth
Once you've entered all your assets and liabilities, click the "Calculate" button. Our calculator will:
Sum Your Assets
Add up everything you own
Sum Your Liabilities
Add up everything you owe
Calculate Net Worth
Assets minus Liabilities
The result will be displayed as your net worth, with a visual representation showing the balance between your assets and liabilities.
Your net worth can be positive (assets > liabilities), negative (liabilities > assets), or zero (assets = liabilities). A negative net worth doesn't mean you're doing poorly—many young professionals have negative net worth due to student loans or mortgages, but their earning potential is high.
Save & Track Your Progress
To get the most value from the NetWorth Calculator, create a free account to:
Save Your Calculations
Store your net worth data securely in your account for future reference.
Track Changes Over Time
Monitor how your net worth changes monthly, quarterly, or annually.
Visualize Your Progress
See visual charts and graphs of your financial journey over time.
Share Your Results
Optionally share your net worth calculation (without revealing sensitive details).
Best Practice: Calculate your net worth regularly—monthly, quarterly, or at least annually—to track your financial progress over time.
Frequently Asked Questions
How often should I calculate my net worth?
For most people, calculating net worth quarterly (every 3 months) provides a good balance. This gives you enough data points to track trends without becoming too time-consuming. However, if you're actively working to increase your net worth or going through major financial changes, monthly calculations can be beneficial.
Is my data secure?
Yes, we take security seriously. Your financial data is encrypted and stored securely. We never share your personal financial information with third parties. You can also use the calculator without creating an account, though you won't be able to save your data for future reference.
Should I include personal possessions in my assets?
For everyday items like furniture, electronics, and clothing, it's generally best to exclude them unless they're valuable collectibles or antiques. These items typically depreciate quickly and would be difficult to liquidate at their full value. Focus on assets that hold or appreciate in value.
What if I have a negative net worth?
A negative net worth isn't uncommon, especially for young adults with student loans or new homeowners with large mortgages. The important thing is to track the trend over time. If your net worth is becoming less negative each time you calculate it, you're making progress. Focus on reducing high-interest debt and increasing your income and savings.
Ready to Calculate Your Net Worth?
Start tracking your financial health today with our free, easy-to-use calculator.