Net Worth Calculator
Use this net worth calculator to find out what you’re really worth. To begin with, enter your assets and liabilities. As a result, you’ll instantly see your total net worth.
💰 What Is Net Worth?
Your net worth is the value of everything you own minus everything you owe. In simple terms, it’s your total assets minus your total liabilities. For example, if you own a home, car, and investments worth $300,000 and owe $150,000 in loans and debt, your net worth would be $150,000. Therefore, understanding this number gives you a clearer picture of your financial health.
📊 Why Should You Calculate Your Net Worth?
Tracking your net worth isn’t just for the wealthy — it’s useful for everyone. In fact, reviewing your net worth regularly helps you monitor financial progress, set goals, and identify areas where you might need to improve. For example, you might discover that even though you’re saving money, rising debt is eating into your gains. As a result, calculating your net worth becomes a powerful personal finance habit.
🔎 What to Include in Net Worth Calculations
Assets usually include things like:
- Checking and savings accounts
- Stocks, bonds, or retirement accounts
- Real estate or home value
- Vehicles, valuables, and other owned items
On the other hand, liabilities include debts such as:
- Mortgages
- Student loans or auto loans
- Credit card balances
- Any outstanding personal debts
Because these categories cover most financial positions, this calculator can quickly show whether your finances are trending positively or negatively.
📈 How Often Should You Check Your Net Worth?
While monthly tracking may be excessive for some, reviewing your net worth every quarter or at least once per year can help you stay aligned with your financial goals. Additionally, you may want to update it after big changes like buying a house, getting a raise, or paying off debt. That way, you’re always working with an up-to-date picture of your financial situation.
🔗 Related Tools for Financial Planning
💵 Savings Calculator
📆 Loan Payoff Calculator
📈 ROI Calculator