This calculator
was designed to help you to take a "picture" of your current financial
condition Whereas an income and expense statement shows you your
financial picture for a period of time (month, year, etc.), this Net
Worth Calculator will show you your financial picture at a single point
in time (a specific date). That way, if you compute your Net Worth now,
and then again 3 months from now, you will be able to tell whether your
financial picture is improving or getting worse.
Starting at
the top and working your way down, complete and calculate the totals
for each of the six sections. Be sure to click on each section's
"Compute..." button before going on to the next section. Once you've
computed the entire worksheet, including the Summary Assets &
Liabilities, click on the "Create Report" button at the bottom of the
worksheet. This will create a condensed report in a new window that you
can print-out and compare to your other Net Worth Reports.
Cash on Hand
Checking accounts
Savings accounts
Money market accounts
Money market fund accounts
Certificates of deposit
U.S. Treasury bills
Cash value of life insurance
