Net Worth Calculation Worksheet Rutgers University
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Summary
Net-Worth Calculation Worksheet An important step in gaining financial control is to calculate your net worth (assets - debts). Every year, your net worthshould be tabulated to review your progress and compare it with your financial goals. In addition, a net-worth statement is avaluable aid in planning your estate and establishing a record for loan and insurance purposes
Assets (What You Own) Liabilities (What You Owe)Cash: Current Debts: Cash On Hand _____________________ Household _____________________ Checking Account _____________________ Medical _____________________ Savings Accounts _____________________ Credit Cards _____________________ Money Market Funds _____________________ Department Store Cards _____________________ Cash Value of Life Insurance _____________________ Back Taxes _____________________ Other _____________________ Legal _____________________Real Estate/Property: Other _____________________ Home _____________________ Land _____________________ Other _____________________Investments: (Market Value) Mortgages: Certificates of Deposit _____________________ Home _____________________ Stocks _____________________ Land _____________________ Bonds _____________________ Other _____________________ Mutual Funds _____________________ Annuities _____________________ IRAs _____________________ Loans: 401(k),403(b), 457 Plans _____________________ Bank/Finance Company _____________________ Pension Plan _____________________ Bank/Finance Company _____________________ Other _____________________ Automobile _____________________Personal Property: (Present Value) Recreational Vehicle/Boat _____________________ Automobiles _____________________ Education _____________________ Recreational Vehicle/Boat _____________________ Life Insurance _____________________ Home Furnishings _____________________ Personal (from family or friends) _____________________ Appliances and Furniture _____________________ Other _____________________ Collections _____________________ Jewelry and Furs _____________________ Other _____________________Total Assets _____________________ Total Liabilities _____________________Total Assets Minus Total Liabilities = Net Worth _______________________________
Assets Liabilities _____ Net-Worth Calculation Worksheet. An important step in gaining financial control is to calculate your net worth (assets - debts).
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Frequently Asked Questions
How can i estimate my net price for attending rutgers?
The Rutgers net price calculator can help you estimate your net price for attending the university. Net price is the difference between the “sticker” price (full cost) to attend, minus any grants and scholarships which you may be eligible. Get an early estimate today!
How do i calculate my net worth?
To calculate your net worth, fill in each of the metrics on the net worth worksheet. Then add up the total number in the Net Worth area. You can also set up a net worth goal and see the percentage you’ve achieved. As you track your net worth along the way, you will be clear about your progress.
Why is it important to know your net worth?
By knowing where you stand financially, you will be more mindful of your spending, better prepared to make sound financial decisions, and more likely to achieve your short-term and long-term financial goals. Your net worth equals the worth of your total assets minus your liabilities.
Do you track your net worth?
Personal finance professionals have shared their ideas on tracking net worth. If they do, maybe you should, too. We all have a dollar in mind that makes us think, “I’ll never see that kind of money,” but you have to give yourself a chance. You can identify all kinds of financial opportunities and traps by looking at the individual pieces.