Utilz
Net Worth Calculator
Calculate your total net worth: assets minus liabilities
Assets
Liabilities
Why Use This Tool?
- Get a clear snapshot of your overall financial health
- Track progress toward financial goals over time
- Identify areas to focus on for debt reduction or asset growth
Formula
Net Worth = Total Assets - Total Liabilities. A positive net worth means your assets exceed your debts, while a negative net worth means you owe more than you own.
How to Use
- Enter your assets: cash, savings, investments, real estate, vehicle, and other
- Enter your liabilities: mortgage, auto loan, student loan, credit card, and other debts
- View your total net worth and visual comparison
FAQ
What counts as an asset?
Assets include anything of financial value: cash, savings accounts, investments (stocks, bonds, retirement accounts), real estate, vehicles, and other valuable property.
What counts as a liability?
Liabilities include all debts: mortgages, auto loans, student loans, credit card balances, personal loans, and any other money you owe.
What is a good net worth?
Net worth varies by age and income. A general rule of thumb is that by age 30, your net worth should be roughly equal to your annual salary, increasing over time.
How often should I calculate my net worth?
Calculate your net worth at least once a year, or quarterly if you are actively working toward financial goals. Regular tracking helps you stay on course.
Should I include my primary residence?
Yes, include your home's current market value as an asset and your remaining mortgage as a liability. This gives the most accurate picture of your net worth.