Your net worth is the value of everything you own (your assets) minus everything you owe (your liabilities). It's a key metric for measuring your financial progress.

The Net Worth Formula

Net Worth = Assets - Liabilities.
Assets include cash, investments, real estate, and other valuable property.
Liabilities include mortgages, car loans, student loans, and credit card debt.

Track Your Financial Goals

Calculating your net worth can be a powerful motivator. As you pay down debt and increase your savings, you'll see your net worth grow. Use our Budget Manager to track your progress.