๐ Net Worth Calculator
List your assets (cash, savings, stocks, real estate, etc.) and liabilities (mortgage, credit card debt, etc.), and this tool calculates your net worth โ total assets minus total liabilities. Track it regularly to see how your wealth is building over time.
How to use
- Enter the name and value of each asset you own. Use "+ Add asset" to add more rows.
- Enter the name and value of each liability you owe. Use "+ Add liability" to add more rows.
- Your total assets, total liabilities, and net worth are calculated automatically.
How the calculation works
Net worth is the total of what you own minus the total of what you owe, and represents your household's real financial position right now. Net worth = total assets โ total liabilities Assets include savings, stocks and funds, property, vehicles, and the surrender value of savings-type insurance. Liabilities include mortgages, car loans, student loans, card loans and revolving credit balances. You can enter up to 10 assets and 10 liabilities, and the totals and net worth are calculated automatically. Recording your net worth regularly (every six months, say) shows how your finances are changing overall, which is hard to see from income and spending figures alone.
Worked example
Assets Savings: ยฅ2,000,000 Investment funds: ยฅ5,000,000 Total assets: ยฅ7,000,000 Liabilities Student loan balance: ยฅ1,500,000 Total liabilities: ยฅ1,500,000 Net worth = 7,000,000 โ 1,500,000 = ยฅ5,500,000
Things to be aware of
- Enter property and vehicles at what they would sell for today (market value), not what you paid, for a realistic figure.
- Right after taking out a mortgage, the loan balance can exceed the home's market value, making net worth negative.
- Everything you enter is calculated in your browser and is neither saved nor sent anywhere.
FAQ
What does a negative net worth mean?
It means your liabilities exceed your assets. This is common early in life โ for example, right after taking out a student loan or mortgage โ and isn't automatically a problem on its own.
How should I estimate the value of real estate or a car?
For real estate, check the assessed property tax value or recent comparable sales nearby. For a car, check an online trade-in valuation site โ enter a figure close to current market value.
Is my entered data saved anywhere?
No, your entries are only kept while this page is open and reset when you reload the page. If you want to track this over time, save the result somewhere yourself.