Net Worth Tracker : Online Financial Tools

What’s a Net Worth Tracker? Put simply, a Net Worth Tracker is a spreadsheet, website or application that you can use to track your Net Worth. I like to think of it (somewhat macabrely) as the sum total your beneficiaries would get if you accidentally fell off a cliff tomorrow.

Your “Net Worth” includes every major financial balance in your life - the value of any cars, the equity you have in any homes, the sums of your retirement accounts, savings, checking accounts, wallet, investments and so on; as well as your debts - credit cards, loans, mortgages, etc.

A Net Worth Tracker is an invaluable tool in getting a better grip on your finances because it’s a (maybe sunny, maybe brutal) “quick sweep” overview of your current financial health, and a great way, by filling it in week-to-week (or month-to-month) of reviewing progress towards your financial goals, or seeing the effects of missteps. How do I build a tracker?

Since I’m lazy, I’d say that the best way to go about building a Online Financial Tool stracker is to use a spreadsheet, and to follow Trent’s instructions over on TheSimpleDollar (which I seem to keep pimping here. Nevermind.)

The rest of this post will make less sense without the context of that one, so go read it now. Trent covers the basics very well, and following his suggestions will get you a basic net worth tracker which is highly useful.

My own practice deviates somewhat from his, though, in two key respects: (1) I have two trackers - one monthly one (exactly as Trent describes), and one weekly one which, whilst fluctuating quite a bit with the vagaries of rent cheques and salary deposits, keeps me very close to what my money is doing. (2) I also have a “planner”, which actually lives in the same spreadsheet as my weekly tracker, and follows the same principles, but is projected forward to encompass what I should be doing with my money over the coming year or so.

Condoms

• Complete System
• Advanced Manager
• Affiliate Stats
• Orderform Builder
• Email Utilities
• Detailed Reports
• Data Editing
• Data Backups
• Complete Web Site
• Images Utility
• Web Page Editor
• Payment Tracking
• Multi-National