Your net worth is one of the most important indicators of your overall financial health. It’s a simple calculation: what you own (assets) minus what you owe (liabilities). But understanding it — and tracking it over time — gives you powerful insights into your financial progress.

Our free Net Worth Calculator makes it easy to calculate and visualize your current financial position. Whether you’re budgeting for the first time, preparing for a big life goal, or working toward financial independence, this tool helps you see the full picture.

1. List your assets: Enter the current value of your savings, checking accounts, retirement funds, investment accounts, real estate, vehicles, and any other assets.
2. List your liabilities: Include all debts — such as mortgages, credit card balances, student loans, and auto loans.
3. Review your result: The calculator subtracts your liabilities from your assets to display your total net worth.

You’ll be able to see right away whether you’re in the positive or negative, and from there, start setting realistic goals to grow your net worth month after month.

Knowing your net worth can:

• Help you set better financial goals
• Keep you motivated to reduce debt and grow savings
• Guide big decisions like buying a home or retiring early

Want to improve your net worth? Check out our Savings Goal Calculator and Debt-to-Income Ratio Calculator to dig even deeper into your finances.

Consider using budgeting apps like YNAB or wealth tracking platforms like Empower to keep track of your net worth automatically. For long-term growth, explore high-yield savings accounts and low-fee investing platforms.