{"id":932,"date":"2023-01-01T12:00:07","date_gmt":"2023-01-01T12:00:07","guid":{"rendered":"https:\/\/moneywithkatie.com\/?p=932"},"modified":"2025-09-04T20:24:30","modified_gmt":"2025-09-04T20:24:30","slug":"2025-wealth-planner-faq-net-worth-help","status":"publish","type":"post","link":"https:\/\/moneywithkatie.com\/2025-wealth-planner-faq-net-worth-help\/","title":{"rendered":"How is my net worth being calculated?"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/moneywithkatie.com\/wp-content\/uploads\/2025\/07\/Screenshot2B2024-09-262Bat2B953192BAM.webp\" alt=\"\"\/><\/p>\n<div class=\"sqs-html-content\" data-sqsp-text-block-content>\n<h3 style=\"white-space:pre-wrap;\">Your net worth is your <strong>assets<\/strong> minus your <strong>liabilities.<\/strong><\/h3>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Your assets include<strong> what you own<\/strong>, like:<\/p>\n<ul data-rte-list=\"default\">\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Checking, savings, and other cash accounts<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Investments, like 401(k)s or brokerage accounts<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Equity in businesses, homes, or other physical goods with meaningful value<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">529 plans and pensions<\/p>\n<\/li>\n<\/ul>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Your liabilities include <strong>what you owe<\/strong>, like:<\/p>\n<ul data-rte-list=\"default\">\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Debts, like a mortgage on your home<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Revolving lines of credit, like on credit cards or HELOCs<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Student loans and auto loans<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<hr \/>\n<p>  <script class=\"TextAttributes-props\" type=\"application\/json\">[ {\n  \"type\": \"highlight\",\n  \"id\": \"5592d43a-dc65-45a7-9547-f16406edb59d\",\n  \"shape\": \"underlineCurve\",\n  \"isFront\": false,\n  \"isAnimationEnabled\": false,\n  \"animation\": \"draw\",\n  \"duration\": 0.5,\n  \"direction\": \"right\",\n  \"color\": {\n    \"type\": \"THEME_COLOR\"\n  },\n  \"thickness\": {\n    \"unit\": \"em\",\n    \"value\": 0.1\n  },\n  \"linecap\": \"square\"\n} ]<\/script><\/p>\n<div class=\"sqs-html-content\" data-sqsp-text-block-content>\n<h3 style=\"white-space:pre-wrap;\"><span class=\"sqsrte-text-highlight\" data-text-attribute-id=\"5592d43a-dc65-45a7-9547-f16406edb59d\">How to Use<\/span> Your Net Worth Tab<\/h3>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">To get started, go to the <strong>START HERE | Dashboard<\/strong> tab. Your Net Worth tab is powered by your Dashboard.<\/p>\n<ol data-rte-list=\"default\">\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">After you fill out your \u201cLoad Your Accounts, Assets, Liabilities, and Goals\u201d in the Dashboard tab, you will see all of your assets and liabilities populate in the appropriate sections in the Net Worth tab.<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Your first month\u2019s column will already be filled out, since you entered your \u201cstarting balances\u201d on the Dashboard tab. For now, you\u2019re done! <\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">At the end of every month, come back to the Net Worth tab and update your account balances for the current month only. <\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">That\u2019s it! Watch your net worth grow over time.<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\"><strong>Be careful!  <\/strong>Because the rest of the Wealth Planner is calculating your current net worth by referencing the most recent column with numbers in it, partially inputting values for future months that haven\u2019t happened yet will throw off the net worth calculation.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n<hr \/>\n<p>  <script class=\"TextAttributes-props\" type=\"application\/json\">[ {\n  \"type\": \"highlight\",\n  \"id\": \"54360b5b-bffe-4046-9cb6-e2401a8d577e\",\n  \"shape\": \"wave\",\n  \"isFront\": false,\n  \"isAnimationEnabled\": false,\n  \"animation\": \"draw\",\n  \"duration\": 0.5,\n  \"direction\": \"right\",\n  \"color\": {\n    \"type\": \"SITE_PALETTE_COLOR\",\n    \"sitePaletteColor\": {\n      \"colorName\": \"darkAccent\",\n      \"alphaModifier\": 1.0\n    }\n  },\n  \"thickness\": {\n    \"unit\": \"em\",\n    \"value\": 0.1\n  },\n  \"linecap\": \"square\"\n} ]<\/script><\/p>\n<div class=\"sqs-html-content\" data-sqsp-text-block-content>\n<h3 style=\"white-space:pre-wrap;\"><span class=\"sqsrte-text-highlight\" data-text-attribute-id=\"54360b5b-bffe-4046-9cb6-e2401a8d577e\">Other Useful Reminders<\/span><\/h3>\n<ol data-rte-list=\"default\">\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Be careful not to <strong>cut &amp; pasting<\/strong> cells. This can create #REF errors. (Copy &amp; paste is fine.)<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Only change data in the <strong>white<\/strong> cells. Colored cells have formulas in them to make the Planner work!<\/p>\n<\/li>\n<li>\n<p class=\"sqsrte-large\" style=\"white-space:pre-wrap;\">Avoid <strong>adding<\/strong> or <strong>deleting<\/strong> rows &amp; columns. (Hiding rows and columns is fine.)<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Your net worth is your assets minus your liabilities. Your assets include what you own, like: Checking, savings, and other cash accounts Investments, like 401(k)s or brokerage accounts Equity in businesses, homes, or other physical goods with meaningful value 529 plans and pensions Your liabilities include what you owe, like: Debts, like a mortgage on [&hellip;]<\/p>\n","protected":false},"author":178814,"featured_media":1377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[68],"class_list":["post-932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth-planner-support","tag-wealth-planner-support"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How is my net worth being calculated? - Money with Katie<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/moneywithkatie.com\/2025-wealth-planner-faq-net-worth-help\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is my net worth being calculated? - Money with Katie\" \/>\n<meta property=\"og:description\" content=\"Your net worth is your assets minus your liabilities. 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