How to Track Your Net Worth Monthly

Net worth is what you own minus what you owe. Tracking it once a month gives you one number that reflects paying down debt, saving and changes in account values all at once. You do not need special software. A short monthly routine with the same list of accounts, updated on the same day each month, is enough to see whether things are moving in the right direction. Here is how to set it up and keep it going.

Practical tips

List assets such as checking, savings, retirement and brokerage accounts, plus any property or vehicles you choose to include.
List debts such as credit cards, student loans, car loans and a mortgage, using the current balance owed.
Pick one day a month, such as the first, and update every balance on that day so the numbers are comparable.
Decide once how you will value homes or cars and stick with that method so the trend stays meaningful.
Look at the direction over several months rather than reacting to a single month's change.

Frequently asked questions

Should I include my home in net worth?

Some people do and some leave it out. Either is fine as long as you are consistent from month to month.

What if my net worth is negative?

That is common, especially with student loans or early in a career. The monthly trend matters more than the starting number.

Is monthly too often?

Monthly is a common rhythm. Quarterly also works if you prefer fewer check-ins.