Determine your net worth and get a handle on your finances

Inventorying Your Assets and Liabilities
Your financial planning asset inventory will list the major assets that you have, their value, and what income they generate. The emphasis of such a list is on your investments such as stocks, bonds, CDs, or rental real estate.

Your list of liabilities should include a brief description of each liability, including:

• to whom you owe the debt
• when you incurred the debt
• the interest rate you must pay on the debt
• the amount of the unpaid balance of the debt
• the amount of each repayment and the frequency of repayments (such as monthly)
• if the debt is secured, list the security/collateral (such as your house or your car)
• the date when you expect to have paid off the debt

As you've no doubt learned net worth is what you own less what you owe. If you owe more than you own, you've got a negative net worth. If you own more than you owe, your net worth is said to be positive.

Net Worth Calculator
In setting your goals, you'll need to know where you are financially before you figure out where you are going. To help you do this, use this Net Worth Calculator to compute your current net worth and to estimate what it might become in the future

Determine your net worth and get a handle on your finances
A personal budget should allow you to forecast your income and expenses, monitor your progress, and make changes as needed to achieve your goals.

A personal budget may be used as a stand-alone tool to help control your current finances. It may also be used as one of the components in a long-term effort to build your personal wealth.

Budgeting Calculator
Use the Budgeting Calculator to find out where your money is going. Enter your income and expenses, and then click on the "view report" button to compare your budget breakdown to our targets. This will help you identify areas for improvement.

Students
Full-time students face special issues. For example, there are additional income sources to consider, such as scholarships, fellowships, and grants. And, of course, there are the additional expenses that only full-time students incur.

Use this Student Budget Calculator to help analyze your budget as a full-time student. This calculator is specifically designed to help students understand their expenses and income while attending a full-time educational institution. This calculator allows you to input your expenses and income for an eight-month school year running from September through April.