Net Worth Tracker

Assets versus liabilities

Assets are what you own that has value: cash, savings, retirement accounts, investments, and the market value of a home or car. Liabilities are what you owe: credit card balances, student loans, a car loan, a mortgage. Subtract liabilities from assets, and that is your net worth. It can be negative early on, which is normal, and the goal is simply to make the line trend up.

How often to update it

Once a month or once a quarter is plenty. Checking too often just invites stress over normal market wiggles. What you are watching for is the trend over months and years, and paying down debt and consistently investing are what move it in the right direction.