What is my net worth?

The "What Is My Net Worth?" insight in the app provides a clear breakdown of your financial standing by summarizing your assets, liabilities, and overall net worth.

Net worth is one of the most important financial metrics because it reflects your overall financial health. You can increase your net worth in two ways: by paying off debt (therefore decreasing your liabilities) or by saving and growing your assets. Both strategies help improve your financial standing over time.

• Current Net Worth: This calculates your net worth by taking into account all your financial data. It subtracts your liabilities (debts) from your assets (what you own), including balances from loan accounts, credit cards, savings, and other available assets. This provides you with an accurate, up-to-date snapshot of your overall financial health.

• Historical Net Worth: Below the current net worth, you'll find a graph tracking how your net worth has changed over time. This graph helps you visualize the growth or decline of your net worth across months or years, allowing you to identify trends and better understand your financial trajectory.

• Assets and Liabilities Breakdown: You can view a detailed list of your assets (e.g., property, savings, investments) and liabilities to see how each contributes to your net worth. This breakdown offers clarity on where your wealth is concentrated and where your obligations lie.

By regularly reviewing this screen, you can track your financial progress, set goals, and make adjustments to improve your overall net worth.

If you want to track assets like crypto or shares in a simple way, you can add them as standalone assets or liabilities in the Net Worth section.

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This feature is partially available on the free plan, but to unlock full access to all detailed insights, you'll need to upgrade to the Pro plan.