Question 1

What is net worth and how do I calculate it?

Accepted Answer

Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). Add up the balances in your bank accounts, retirement accounts, investments, and property values, then subtract mortgages, student loans, credit card balances, and other debts. The result is your net worth.

Question 2

How often should I track my net worth?

Accepted Answer

Monthly tracking gives you enough data points to spot trends without being overwhelming. Some people prefer quarterly updates. The key is consistency — picking a regular interval and sticking with it so you can see meaningful progress over time.

Question 3

Is my data stored securely in this tracker?

Accepted Answer

All data is stored locally in your browser using localStorage. Nothing is sent to any server. This means your financial data never leaves your device, but it also means clearing your browser data will erase your snapshots. Use the Export CSV button to back up your data regularly.

Question 4

Is it normal to have a negative net worth?

Accepted Answer

Yes, especially early in your career. If you have student loans, a car loan, or a mortgage and have not yet built significant savings, your liabilities may exceed your assets. A negative net worth is a starting point, not a permanent state. Tracking it monthly helps you see the trajectory improve over time.

Net Worth Tracker

Enter Balances

Current Net Worth

Total Assets

Total Liabilities

Monthly Change

Net Worth Over Time

Snapshot History