I'm a financial planner — here's the spreadsheet I've used to track my net worth for years
But in order to reach your goals, you have to control the chaos. One of the easiest ways to keep track of your financial progress is to monitor your net worth: everything you own minus everything you owe.— eventually, you'll be able to look back and see how things have changed. No matter where you start, your net worth is likely to get better over time.
I also calculate the percent change since the last month for each of the three categories. The formula I use is:This allows me to see trends, and serves as a way to see how much I'm saving and what returns I am earning from month-to-month. To get the numbers, I use Mint's monthly summary email, which usually arrives on the first day of the month.One of the most helpful parts about using a spreadsheet to track your net worth is creating a chart to visualize the growth over time.The longer you keep track of your net worth, the more you'll be able to visualize your progress over time. I created a chart tracking net worth by date on a separate tab in my spreadsheet.
It's important to note your net worth will not go up in a straight, pretty line. It will be jagged, and some months your net worth may decrease a bit — if you made a big purchase or if the stock market goes down. Over time, however, your net worth will go up. Keeping track of it could serve as positive reinforcement, or at least a helpful reminder that
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