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Net worth calculator

Your net worth is everything you own minus everything you owe. List both sides once and you have the single number that shows whether you are moving forward.

What you own
What you owe
AssetsUSD 12,500
LiabilitiesUSD 6,200
Net worthUSD 6,300
Debt-to-asset ratio0.50
Watch your net worth growBudgetByChat keeps a monthly net-worth history across accounts in any currency, free.
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How to read the result

Net worth is assets minus liabilities. A negative number is common early on, especially with a student or car loan; what matters is the direction from month to month.

Debt-to-asset ratio is liabilities divided by assets. Below 0.5 you own at least twice what you owe; above 1 you owe more than you own, and paying down the most expensive debt (see the debt payoff calculator) usually moves the number fastest.

Assets in more than one country

If you hold savings at home and abroad, convert each to one currency at today’s rate before adding them up, and note the rate you used. Exchange-rate moves change your net worth even when you do nothing, so compare months in the same currency. How to budget in two currencies covers this in more detail.

Questions

Anything with a cash value you could realistically sell or withdraw: bank balances and cash, savings certificates, stocks and funds, gold, property, pension balances and a share in a business.

Include property at a realistic sale value. Cars lose value quickly, so many people leave them out or use a cautious resale price.

Lower is safer. Below 0.5 means you own at least twice what you owe. Above 1 means you owe more than you own, which makes paying down debt the priority.

Convert everything into one currency at today’s rate before adding it up. The free BudgetByChat app does this automatically and keeps a monthly history of your net worth.

Related

Debt payoff calculatorFree debt payoff calculator: compare the avalanche and snowball methods with your own loans, months to debt-free, total interest and interest saved by paying a little extra.How to budget in two currenciesHow to budget in two currencies when you are paid in dollars or dirhams but spend in rupees: one base currency, accounts in their own currency, and remittances as a budget line.Monarch alternativeA Monarch Money alternative for expats and freelancers: Monarch costs $99.99 a year and does not convert currencies. BudgetByChat is free and converts 30 currencies at live rates.Mint alternativeNeed a Mint alternative? Mint now lives on as part of Credit Karma. BudgetByChat is a free budgeting app with real budgets, savings goals, net worth and multiple currencies.

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