Check your net worth
In shortWhat you own minus what you owe. Check it every 3 months to see the direction.
General information only. It isn't financial advice and doesn't know your situation.
Your net worth is what you own, minus what you owe. It isn't just for rich people. It's the clearest view of where you're heading.
Example: one person's net worth
- Bank accounts
- $4,000
- Retirement account
- $18,000
- Car
- $9,000
- Car loan and credit card
- $7,500 owed
- Net worth
- $31,000 minus $7,500 = $23,500
Count your retirement account and your car. Both are easy to forget. A car loses value, so update it now and then.
Check every 3 months, not every day. One check doesn't say much. The direction over a year does.
Below zero is common when you're starting out, especially with study loans. What matters is that it's moving up.
In Stuffed, open Net worth from Goals. Add what you have and what you owe, and update the amounts each time you check.
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