Do you know your net worth? We’ve composed a free net worth spreadsheet calculator to help you figure it out. It’s a great worksheet that can be downloaded in seconds. It’s written in Microsoft Excel so it’s pretty simple to use and can be tracked from month to month.
So what exactly does net worth mean? It’s basically the difference between your assets and liabilities and hopefully a positive number. In short add up what everything you have is worth, add in your savings and retirement and the subtract all your debts including home, auto, and credit cards. It’s very important to track your net worth when it comes to personal finance.
The average American’s net worth in 2007 was about $93,000, so where do you stand? Here is a quick excel worksheet that is free to download and will help you figure out your net worth and continue to track it in the future.