How to calculate your net worth in three simple steps

Net worth equals everything you own minus everything you owe. Learn what counts as an asset, what counts as a liability, and start tracking your number monthly with MonthlyWorth - free for 12 months.

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Net worth is the simplest measure of financial health: add up everything you own (assets), subtract everything you owe (liabilities), and the difference is your net worth. While the formula is straightforward, tracking it consistently over time reveals patterns that a single calculation cannot. MonthlyWorth automates the tracking part so you can focus on understanding and improving your financial position.

Common Misconceptions

Common frustrations we solve

Net worth feels like an abstract concept - you do not know what to include or where to start
Checking individual account balances across multiple apps gives no unified financial picture
Without regular tracking, you have no idea whether your financial health is improving or declining

Why MonthlyWorth?

Start free forever - no credit card or financial expertise required
Guided onboarding helps you set up asset and liability categories in 2 minutes
150+ currencies with proper locale formatting for accurate global tracking
Month-over-month trend charts show whether your net worth is growing

Key Features

Tools to put your knowledge into practice

Step-by-step net worth calculation: add assets, subtract liabilities, see your number
Default category suggestions for common assets (savings, investments, property) and liabilities (mortgage, loans)
Three interactive charts: net worth trend over time, category breakdown, current allocation
150+ currencies with proper formatting so your net worth displays correctly worldwide
CSV import if you already have financial data in a spreadsheet
Monthly email reminders to recalculate and track your net worth consistently

See MonthlyWorth in Action

A visual overview of how the app helps you track your net worth

MonthlyWorth dashboard showing current net worth and month-over-month change

MonthlyWorth category allocation and breakdown

MonthlyWorth net worth trend chart over time

MonthlyWorth detailed financial overview

How It Works

Get started in minutes

1
List your assets: bank accounts, investments, retirement funds, property, vehicles
2
List your liabilities: mortgage, student loans, credit card debt, car loans
3
Subtract liabilities from assets - that is your net worth
4
Enter values into MonthlyWorth and repeat monthly to track your progress
5
View trend charts showing how your net worth changes over time

Your financial data stays private

Secure authentication protects your account and all financial data
Database-level data isolation ensures your numbers stay completely private
No bank connections required - enter values manually at your own pace
End-to-end encryption in transit and at rest for complete data protection
Full data export and permanent account deletion available anytime

Frequently Asked Questions

What is net worth and why does it matter?

Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). It is the single best measure of your overall financial health. Tracking it monthly shows whether you are building wealth or falling behind.

What counts as an asset?

Assets include bank accounts (checking, savings), investment accounts (brokerage, 401k, IRA), real estate (home value), vehicles, cryptocurrency, cash value of life insurance, and any other property with monetary value.

What counts as a liability?

Liabilities include mortgages, student loans, car loans, credit card balances, personal loans, medical debt, and any other money you owe. Include the current outstanding balance, not the original loan amount.

How often should I calculate my net worth?

Monthly is the sweet spot. It is frequent enough to spot trends and stay motivated, but not so frequent that daily market fluctuations cause stress. MonthlyWorth is designed for exactly this cadence with a 5-minute monthly check-in.

Should I include my home in net worth?

Yes. Include your home estimated value as an asset and your remaining mortgage balance as a liability. Use a conservative estimate for home value. The difference (equity) contributes to your net worth and should be tracked.

Ready to get started?

Join MonthlyWorth today and start tracking your net worth with privacy and control.

Start tracking - free