What is net worth?
Your net worth is the value of everything you own minus everything you owe. It's the most complete single measure of your financial health: income tells you what comes in, spending what goes out — net worth tells you what you have actually built.
It includes assets that aren't cash, like your home or your investments, and debts you may not think about every day, like the remaining balance of your mortgage.
Why track your net worth over time?
One snapshot tells you where you are. A history tells you whether you're moving in the right direction — and how fast. Tracking it monthly shows the combined effect of saving, paying down debt and your investments growing, and makes slow progress visible long before it shows in your bank balance.
How often should you update it?
Once a month is enough for most people. Update your account balances at the same point each month — right after payday works well — and revalue property once or twice a year. Consistency matters more than precision.
What counts as an asset?
Cash, savings accounts, investments, pension funds and property you own. Count a home or a car at what it would sell for today, not what you paid for it. Leave out belongings with little resale value — they make the number bigger without making it more useful.
How to grow your net worth
Net worth grows in three ways: saving more of what you earn, paying down debt, and letting your assets grow. A tracker makes the trade-offs concrete — how many months sooner you'd reach your target by saving €100 more a month, or what paying off a loan early would change.