Add up what you own and what you owe to get your net worth, liquid net worth and debt-to-asset ratio, and save a monthly total to see the trend
Net worth is everything you own minus everything you owe. It is the single number that shows whether your finances are moving forward: income can rise while net worth stands still, and a year of paying down debt can raise net worth while income stays flat. Fill in the boxes you have — leave the rest at zero — and save the total once a month to watch it move. Saved totals stay in your browser; nothing is sent anywhere.
Assets: cash, checking and savings, retirement accounts at today's balance, other investments at market value, your home at what it would sell for, vehicles at resale value (not what you paid), and anything else you would realistically sell. Liabilities: every balance you owe — mortgage, car loans, student loans, credit cards, medical bills, personal loans. Net worth = assets − liabilities. A negative number is common early in a career with student loans and is a starting point, not a verdict.
| Item | Value |
|---|---|
| Checking and savings | $6,000 |
| 401(k) | $25,000 |
| Car (resale value) | $12,000 |
| Car loan | −$9,000 |
| Student loans | −$18,000 |
| Credit cards | −$2,500 |
| Net worth | $13,500 |
Liquid net worth counts only what you could turn into cash quickly without penalties or selling your home — cash and taxable investments — less short-term debt like credit cards. Someone with a large home equity and retirement balance can still have a low liquid net worth, which is the number that decides whether a job loss or a large repair becomes new debt. The calculator shows both.
Total debt divided by total assets. Below 50% means you own more than half of what you have outright; above 100% means debts exceed assets, which is the same as a negative net worth. Watching the ratio fall is often more motivating than the net worth figure when balances are still being paid down.
The useful view of net worth is the trend, not today's number. Update it on the same day each month — the first, or the day after payday — using statement balances, and ignore small moves caused by the stock market. Over a year, the change in net worth is roughly what you saved plus investment growth minus any new debt. If it is flat while income rose, spending rose with it.
Valuing a car or furniture at purchase price rather than resale value; forgetting small debts such as a store card or buy-now-pay-later plan; counting a retirement account at its full balance without remembering that traditional 401(k) and IRA money will be taxed when withdrawn; and comparing your figure with other people's instead of with your own from last year. The last one matters most.
Add up the current value of everything you own (cash, investments, retirement accounts, home and vehicles at resale value) and subtract every debt balance. The result is your net worth.
Yes, at a realistic sale price, with the mortgage balance counted as a debt. Many people also track net worth without the home, because home equity cannot pay bills without selling or borrowing.
It is common in your 20s and early 30s, especially with student loans. What matters is that it rises year to year as debt falls and savings grow.
Yes, at the current balance. Traditional (pre-tax) accounts will be taxed on withdrawal, so some people count them at a discount; Roth balances are already after tax.
Tax rules, limits and pay data change. Check the current figures with the primary source before acting on them.