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Chapter 4. Tracking Your Net Worth > Keeping Track over Time

Keeping Track over Time

Many people use the Net Worth Calculator on a one-time or occasional basis to get a quick snapshot of their financial situation. You can also use it on a regular basis to track changes in your financial picture. Once a year is typical, although you might want to do it more often if there are significant changes in your financial picture. My advice is to create a new workbook based on the template each time you do it and save each one with a name that includes the date, such as Net Worth May 2005. In the future you can go back and review these workbooks to see how your net worth has changed over time. Be sure that you are consistent each time you fill out the template, including and excluding the same things each time.

Now that you have net worth under control, we can move on to the next chapter where you will learn about managing your money with a budget.


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