Gather records for one snapshot date
Choose a date, then collect relevant bank and investment statements, loan balances, property estimates, and records of other interests. Use balances as close to the same date as practical, and record when each value was actually observed.
Choose whether the sheet describes one person or an entire household. If it describes one person, use the relevant ownership share. If it describes the household, include the household asset once, not once for each owner.
A copyable balance-sheet template
Use these columns in a spreadsheet or written record. The example figures are hypothetical.
| Item | Type | Included value | Basis and date |
|---|---|---|---|
| Checking and savings | Asset | $18,000 | Statement balance at snapshot date |
| Brokerage account | Asset | $42,000 | Market value at snapshot date |
| Retirement accounts | Asset | $135,000 | Statement value; access rules separate |
| Home | Asset | $410,000 | Estimated full value; household ownership |
| Credit card | Liability | $3,500 | Outstanding balance |
| Auto loan | Liability | $14,000 | Outstanding principal |
| Mortgage | Liability | $290,000 | Outstanding principal |
Add ownership percentage, valuation source, liquidity classification, and notes as separate columns when helpful. Do not store credentials or full account identifiers in a casually shared spreadsheet.
Calculate and check the total
The assets in this example total $605,000 and the liabilities total $307,500, giving net worth of $297,500. This is an organizational estimate, not an after-tax liquidation value.
Check for duplicate accounts and ownership mismatches. If you include the home's full value as an asset, subtract the mortgage separately. If a different report shows only home equity, do not add that equity to a sheet that already includes the full home value and mortgage.
Update the method, not just the number
Keep prior snapshots and use a consistent approach for hard-to-price assets. Record a change in methodology so a revised estimate is not mistaken for an economic gain. Review totals alongside cash flow and liquidity.
Use the free calculator for the arithmetic, read the net worth guide for interpretation, or explore FinanceLink net worth tracking for a connected overview.
Put your financial picture in context
Explore the free net worth calculator, related guides, and FinanceLink net worth tracking.
For general educational purposes only, not financial, investment, tax, or legal advice. Estimates depend on your inputs and assumptions. Consider a qualified professional for advice about your circumstances. Read our editorial policy.