Net Worth Overview

  • Updated

The Net Worth tab tracks the sum of all your assets and liabilities. Property accounts can be added manually on the Accounts tab to make sure key assets — such as the value of your home or vehicle — are counted.
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You can choose to view the past 6, 9, or 12 months of net-worth history. If you just started using the software, you may not have accumulated enough data to to get an accurate historical picture of your net worth; however, the software will continue to save transaction data moving forward.

Each dot on the graph represents your net worth during a specific month.

    1. Click on a circle for any month to see how your net worth increased or decreased.
    2. Click on the same circle again to bring up a list of gains and losses.
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      A window will appear showing the gains and losses within each account during that month.

      Gains : When an asset increases in value or a liability decreases in value, your net worth will go up. For example, putting money in savings or making a car payment.
      Losses: When an asset decreases in value or a liability increases in value, your net worth will go down. For example, pulling money out of savings or spending more on a credit card than you can immediately pay off.

    1. Tap View Assets & Liabilities at the top to view these figures.
    2. Tap on an account type to view individual accounts. A window will appear showing the assets and liabilities within each account during that month.

      Assets: Positive values that count toward your net worth, such as money in checking accounts, the value of your home, etc.
      Liabilities: Negative values that count against your net worth, such as credit card debt, loans, or a mortgage.


To learn more about the Net Worth tool, watch the quick clip here.

 

Disclaimer: The functionality of this software varies depending on which financial institution you use. Not all content in this help center will apply to your experience.

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