How to use it
- Use the formula below with your own figures.
The formula
Net worth = assets − liabilities.
Worked example
Tracking it over time shows financial progress.
Frequently asked questions
What counts as an asset?
Cash, investments, property, valuables.
Why track it?
It's the clearest single measure of finances.
Tips
- Automate the boring parts of your budget.
- Compare unit prices, not package prices.
- Small recurring costs add up over a year.
Key terms
- Net worth
- Assets minus liabilities.
- Budget
- A plan for income and spending.
- Unit cost
- Price per single unit.