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Net Worth Calculator

 

  

About this Calculator

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 one year from now, you will be able to tell whether your financial picture is improving, static or declining.

General Instructions

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, you can then go back and edit your entries. Just be sure to re-compute each section after editing. Once you're comfortable with your Cash Flow Forecast you can then 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 (you may have to press CTRL-P in order to print the report).

Column/Field Explanations.

Example Accounts: A listing of the types of assets or liabilities recommended for the current section.

Description: The description you want to appear on the Cash Flow Report.

Market Value (Assets): Enter the current market value (what you could sell the item for, not what you paid for the item) for each line-item.

Amount Owed (Liabilities): Enter the amount it would take to pay off the liability as of today's date. Please note that this is not the same as simply multiply the number of payments by the payment amount, since that would include interest charges that has not yet been incurred.

NOTE: If your browser shuts down while using this calculator it's likely due to your browser running out of memory. Please consult your system users guide for instructions on increasing the amount of memory allotted to your browser application.

Cash Assets

Example Accounts

Asset
Description

Market
Value

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
Instructions
Cash Assets
Investment Assets
Retirement Assets
Personal Assets
Unsecured Liabilities
Secured Liabilities
Totals

Total Cash Assets:

Investment Assets

Example Accounts

Asset
Description

Market
Value

Stocks
Bonds
Mutual Fund Investments
Partnership Interests
Other Investments
Instructions
Cash Assets
Investment Assets
Retirement Assets
Personal Assets
Unsecured Liabilities
Secured Liabilites
Totals

Total Investment Assets:

Retirement Assets

Example Accounts

Asset
Description

Market
Value

Pension
IRA Accounts
KEOGH Accounts
401K
SEP
ESOP
Instructions
Cash Assets
Investment Assets
Retirement Assets
Personal Assets
Unsecured Liabilities
Secured Liabilites
Totals

Total Retirement Assets:

Personal Assets

Example Accounts

Asset
Description

Market
Value

Principal Residence
Second Residence
Collectibles
Automobiles
Home Furnishings
Furs & Jewelry
Other Assets
Instructions
Cash Assets
Investment Assets
Retirement Assets
Personal Assets
Unsecured Liabilities
Secured Liabilites
Totals

Total Personal Assets:

Unsecured Liabilities

Example Accounts

Liability
Description

Amount
Owed

Credit Cards
Charge Accounts
Student Loans
Alimony
Child Support
Tax Liability
Other
Instructions
Cash Assets
Investment Assets
Retirement Assets
Personal Assets
Unsecured Liabilities
Secured Liabilites
Totals

Total Unsecured Liabilities:

Secured Liabilities

Example Accounts

Liability
Description

Amount
Owed

Auto Loans
Rec. Vehicle Loans
Appliance Loans
Home Mortgages
Home Equity Loans
Other Loans
Tax Liability
Other
Instructions
Cash Assets
Investment Assets
Retirement Assets
Personal Assets
Unsecured Liabilities
Secured Liabilites
Totals

Total Secured Liabilities:

Summary of Assets & Liabilities

Links Category Assets Liabilities
Instructions
Cash Assets
Investment Assets
Retirement Assets
Personal Assets
Unsecured Liabilities
Secured Liabilities
Totals
Cash Assets  
Investment Assets  
Retirement Assets  
Personal Assets  
Unsecured Liabilities
Secured Liabilities

Totals
Net Worth

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Disclaimer
We do not offer legal advice. All information provided on this website is for informational purposes only and is not a substitute for proper legal advice. If you have legal questions, we recommend that you seek the advice of legal professionals.

Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.

Copyright 2017 Wink Tax Services / Wink Inc.
Last modified: January 30, 2017