| 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 one year from now, you will be able to
tell whether your financial picture is improving, static or
declining.
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.
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