Net worth shows your true financial picture!
The Formula
Assets - Debts = Net Worth
Your Assets (What You Own)
- Money in savings
- Valuable items you could sell
- Gift cards and credits
Your Debts (What You Owe)
- Money borrowed from family
- IOUs to friends
Essentials•April 2, 2026•4 min read
How to Calculate Your Net Worth
💰
Gollak Team
Family Finance Experts
💰
Start Teaching Smart Money Habits Today
Download Gollak and make saving fun, simple, and rewarding for your kids.
📱Get the App Free→