The National Association of Realtors reports the national median existing-home sales price was $196,300 in November 2013, up 9.4% from November 2012.
Determining your net worth can help you develop a clearer picture of your financial situation. One important tool is a balance sheet, which summarizes your assets and liabilities and reveals your net worth. This calculator was designed to help you get a handle on your current financial situation.
Assets:
(Indicate the present dollar value for the items you own.)
Assets:
Fueled by rising stock and home prices, Americans net worth exceeds the pre-recession peak of $67.4 trillion, as reported by the Federal Reserve.
(Indicate the present dollar value for the items you own.)
Liabilities:
According to the Federal Reserve Bank of New York, the average household held a total debt load of $92,459 at the end of October 2013, about 11% below the peak in 2008.
(Indicate the dollar amount you still owe.)
Liabilities:
(Indicate the dollar amount you still owe.)
You may be surprised at how much or how little you have once you calculate the figures. If your net worth is less than you expected, don’t be discouraged. There are a number of steps we can help you take right away to begin building your net worth.
Your Results
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Your total assets:
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Your total liabilities:
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Your net worth:
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Are your assets and liabilities divided up as you expected? For example, does your credit card debt account for more of your overall liabilities than you realized? The key to building net worth over time is to take action to reduce your liabilities and by employing the principles of sound financial management to help grow your assets.
Assets
Liabilities
