How to calculate your net worth
A simple, repeatable way to add up what you own and what you owe.
By the MonthlyIQ team · Last updated 2026-09-28 · Editorial policy
Key takeaways
- Net worth = total assets − total liabilities.
- Use current balances and realistic values, not purchase prices.
- The trend over time matters more than one number.
The formula
Net worth is everything you own (assets) minus everything you owe (liabilities). It can be negative, especially early on or with student loans — that's common and fixable.
What to include
Assets: checking, savings, investment and retirement accounts, and a realistic value for property or vehicles.
Liabilities: credit card balances, loans, mortgages, and any installment plans.
How often to check
Monthly or quarterly is plenty. Day-to-day swings in investments are noise; the direction over months is the signal.
Frequently asked questions
Should I include my car?
You can, at a realistic resale value. Many people also track net worth without vehicles to see their financial position more conservatively.
Is a negative net worth bad?
Not necessarily. It's a starting point. What matters is whether it improves over time.
See your own numbers
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.