Add up everything you own and owe. Your net worth is the single best number to track your financial health over time.
What you own
What you owe
Net worth = Total assets − Total liabilities. It's the most important number in personal finance because it captures your entire financial picture in one metric.
Assets include cash, savings, retirement accounts, brokerage accounts, real estate, vehicles, and other valuables.
Liabilities include mortgages, auto loans, student loans, credit card balances, personal loans, and any other debts.
Most financial planners recommend tracking your net worth monthly. A positive trend — even if your total is negative — means you're heading in the right direction.
Stop manual spreadsheets. Tally connects your banks and tracks everything in real time — budgets, net worth, subscriptions, and more.
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