About this Calculator
This calculator was designed to help you to
take a "picture" of your current financial condition Whereas
an income and expense statement shows you your financial picture
for a period of time (month, year, etc.), this Net Worth Calculator
will show you your financial picture at a single point in time
(a specific date). That way, if you compute your Net Worth now,
and then again 3 months from now, you will be able to tell whether
your financial picture is improving or getting worse.
General Instructions
Starting at the top and working your way down,
complete and calculate the totals for each of the six sections.
Be sure to click on each section's "Compute..." button before
going on to the next section. Once you've computed the entire
worksheet, including the Summary Assets & Liabilities, you can
then go back and edit your entries. Just be sure to re-compute
each section after editing. Once you're comfortable with your
Cash Flow Forecast you can then click on the "Create Report"
button at the bottom of the worksheet. This will create a condensed
report in a new window that you can print-out and compare to
your other Net Worth Reports (you may have to press CTRL-P in
order to print the report).
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Column/Field Explanations.
Example Accounts: A listing of
the types of assets or liabilities recommended for the current
section.
Description: The description you
want to appear on the Cash Flow Report.
Market Value (Assets): Enter the
current market value (what you could sell the item for, not
what you paid for the item) for each line-item.
Amount Owed (Liabilities): Enter
the amount it would take to pay off the liability as of today's
date. Please note that this is not the same as simply multiply
the number of payments by the payment amount, since that would
include interest charges that has not yet been incurred.
NOTE: If your browser shuts down while using
this calculator it's likely due to your browser running out
of memory. Please consult your system users guide for instructions
on increasing the amount of memory alloted to your browser application.
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