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 allotted to
your browser application. |
