Guides
Plain answers about net worth and personal balance sheets, written by the people who make Accounted.
Net worth tracker apps: which one fits
The right net worth app depends on how you want data to get in. This guide picks by need and says plainly when another option is better.
Assets vs liabilities
An asset is something you own that has a money value. A liability is an amount you owe. Subtract the second from the first and you have your net worth.
How to calculate your net worth
Net worth is the total value of what you own minus the total of what you owe. Here is how to work it out in an afternoon, with a worked example and the mistakes to avoid.
How to make a personal balance sheet
A personal balance sheet is a one-page list of what you own and what you owe on a given day, with your net worth as the difference. Here is how to build one.