Liabilities

Liabilities are money you owe, such as credit card balances, loans, mortgages, and installment plans.

By the MonthlyIQ team · Last updated 2026-09-28 · Editorial policy

What is liabilities?

Liabilities are money you owe, such as credit card balances, loans, mortgages, and installment plans.

Liabilities are subtracted from assets to calculate net worth.

A simple, repeatable way to add up what you own and what you owe.

Connect your accounts and MonthlyIQ explains your month — what's due, what changed, and what's left.

General information only, not financial, tax, or legal advice. MonthlyIQ is not a bank or financial adviser.