What Is Net Worth
Net worth is the difference between your total assets and total liabilities. Assets include cash, investments, and property; liabilities include loans and credit card balances. Tracking net worth over time shows financial progress.
How to Calculate Net Worth in Excel
Create a simple spreadsheet with columns for Asset, Value, Liability, and Amount. List each account and balance, then use a formula like =SUM(AssetRange)-SUM(LiabilityRange) to calculate net worth. You can update values monthly to see trends.
Free Excel Templates and Tools
Microsoft offers free net worth templates on its template gallery, and sites like Vertex42 provide downloadable Excel files with prebuilt formulas. You can also connect accounts through secure services that export data to Excel.
Why Use Excel for Net Worth Tracking
Excel gives full control over categories, formulas, and charts without monthly subscription fees. It works offline, supports custom fields, and can be backed up easily. For more details on personal finance tracking, see Microsoft Support.
