Finance Calculator
Assets minus liabilities — your true financial picture
Your net worth is simply everything you own (assets) minus everything you owe (liabilities). It's the single most useful number in personal finance — more revealing than income alone, because it shows your actual financial progress over time. A high salary with high debts can mean a negative net worth; a modest salary with disciplined saving can mean substantial wealth.
Assets include property, savings, ISAs, pensions, investments and vehicles. Liabilities include your mortgage balance, personal loans, credit card balances, car finance and student loans. Note that a student loan in the UK functions differently to most debt — it only repays based on income — so many people exclude it from their net worth calculation. Pensions are real assets but illiquid until retirement age.
To grow your net worth, track it regularly and focus on reducing high-interest debt first. Use our Credit Card Payoff Calculator or Compound Interest Calculator to model your growth over time.