Your Net Worth Tracking Spreadsheet is here.

Whether you're just starting your financial journey or you're a seasoned pro looking to track your progress, understanding your net worth is an essential step toward achieving your financial goals.

The finance tracking spreadsheet contains everything you need to start monitoring you financial situation easily, quickly, and conveniently.

What exactly is net worth, and why is it so crucial? Well, in the simplest terms, your net worth is a snapshot of your financial health. It's the difference between what you own (your assets) and what you owe (your liabilities). Knowing your net worth gives you a clear picture of where you stand financially, and it's a powerful tool for making informed decisions about your money.

In this video, we'll walk you through the process of calculating your net worth step by step. We'll cover what constitutes assets and liabilities, how to gather the necessary financial information, and, most importantly, what to do with this newfound knowledge. Whether you're excited about the prospect of seeing your net worth grow over time or you're looking to identify areas for improvement, this video will equip you with the knowledge and tools you need to get started.

Here are the 2 simple steps you need to do in order to calculate your net worth:

1. Fill in Your Assets in the “Assets” Section

Common examples of assets include:

  • Cash and Cash Equivalents

  • Stocks (Equities)

  • Bonds

  • Mutual Funds

  • Exchange-Traded Funds (ETFs)

  • Savings and Retirement Accounts

  • Pension cash value

  • Certificates of Deposit (CDs) or Guaranteed Investment Certificates (GICs)

2. Fill in your Liabilities in the “Liabilities” Section


Liabilities are things that reduce your net worth, usually because you owe money to another person or entity. Some things that go in the liabilities section include:

  • Credit card debt

  • Balance owing on student loans

  • Balance owing on car loans

  • Balance owing on mortgages or property loans

  • Other loans

Once these 2 tasks are completed, your net worth is displayed in the spreadsheet.

As you pay off debt or increase your assets, you will notice your net worth start to change, month by month.

The finance tracking spreadsheet adds up all of your assets and subtracts all of your liabilities.

If your assets are greater than your liabilities, you have a positive net worth. If your liabilities are more than your assets, you have a negative net worth.