Simply, it is your assets minus your liabilities. Our calculator is designed to take the stress out of calculating your net worth. Input your information into the relevant fields and our calculator will do the rest.
This is designed to take a current snapshot of your financial position but as we all know too well, this changes daily. Our recommendation is to check back in every three months and track how you are getting on.
The equation is Net Worth = Assets - Liabilities.
Assets include balances in your current account and your savings account, as well as your pension total and any property you own. Liabilities include personal loans, credit card debt and mortgages. There are more examples for both and our calculator encompasses them all.
To begin, you’ll need to gather your financial information - assets and liabilities. Your asset list should include bank accounts, investments, and property. In contrast, a list of liabilities might consist of student loans, credit card debt, or other loans. Make sure you add up these values to get an accurate net worth calculation.
After gathering all the necessary information, please enter your data into our net worth calculator. All you need to do is input your values for assets and liabilities, which will reflect your current financial status. This can help you calculate what is known as your net worth – or how much wealth you have accumulated in total. Note that this tool may also ask questions related to other investments, such as retirement accounts and vehicle ownership.
With the help of our free net worth calculator, you can get an accurate and up-to-date representation of your wealth at any moment. After entering all your data, the calculator will generate a personalised net worth total. This allows you to keep track of your financial progress and better plan for future goals.