Simplifi / Quicken Business & Personal Help
Simplifi / Quicken Business & Personal Help
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Tracking Your Net Worth

Overview

Do you know your net worth? It is one of the clearest ways to measure your overall financial progress. Unlike an individual account balance, it considers your assets and debts together, showing what you own after subtracting what you owe—and whether your financial position is improving over time.

Many people know their income, bank balance, or total debt but have never looked at how those numbers work together. Without that complete picture, it can be difficult to know whether you are building wealth, staying in place, or moving backward.

What Is Net Worth?

Net Worth = Assets − Debt

Assets are things you own that have financial value, such as cash, savings, investments, property, and vehicles.

The amounts you owe are known as liabilities. In the Net Worth Dashboard, liabilities are shown as Debt and may include credit card balances, mortgages, vehicle loans, and other loans.

Quicken’s Net Worth Dashboard brings this information together so you can see your current net worth, track how it changes, and understand what is contributing to the change.

Why Your Net Worth Matters

Measure Financial Progress

Income shows how much money you earn, but it does not tell you whether you are building assets or reducing debt. Tracking your net worth can help you see whether your overall financial position is improving over time.

Understand the Effect of Debt

Debt reduces your net worth. Seeing your assets and debts together can help you understand how borrowing and debt payments affect your broader financial picture.

Put Major Decisions in Context

Buying a home, financing a vehicle, changing how much you save, or taking on a new loan can affect your assets, debts, and net worth. Your current net worth provides a useful starting point for understanding those changes.

Build Consistent Financial Habits

Checking your net worth regularly can help you see the cumulative effect of saving, investing, and paying down debt. It can also help you notice changes that may need a closer look.

Support Long-Term Planning

Your accumulated assets and outstanding debts are important parts of planning for retirement and other long-term goals. Tracking them can help you understand your progress and identify questions you may want to explore further.

Net worth is one important measure of your financial position, but it does not tell the entire story. Income, spending, cash flow, interest rates, and future financial needs also matter.

How the Net Worth Dashboard Can Help

Quicken’s Net Worth Dashboard brings together the balances and trends from the accounts you include. Use it to:

  • See your current net worth.

  • Track how it changes over time.

  • Compare your assets and debt.

  • Identify which account types contributed to a change.

  • Review how your assets and debts are distributed.

  • See how much debt you hold relative to your assets.

  • Ask questions about your net worth and financial trends.

Checking the dashboard monthly or quarterly can help you focus on meaningful changes without reacting to every short-term fluctuation.

Examples

Understand a Change

Maria notices that her net worth declined. She uses the dashboard to determine that the change came primarily from declining investment values rather than increasing debt. She now has more context for the change and knows which accounts to review.

See the Effect of Paying Down Debt

Jordan has been making additional payments on his credit cards. Over time, the dashboard shows his total debt declining and his net worth improving, helping him see the cumulative effect of those payments.

Find an Incomplete Financial Picture

Sam’s net worth looks lower than expected. He reviews the included accounts and discovers that his mortgage is included but his property is not. After adding the property, the dashboard provides a more complete view of what he owns and owes.

What to Do Next

Start with Your Net Worth Dashboard to learn what the dashboard shows and where to find its main features.

For more specific questions, see: