Net Worth Calculator-Personal Finance Tool

Example

Prompting users to input the current market value of their assets, such as real estate, and the balance of their liabilities, like mortgage or credit card debt.

Scenario

A user entering the total balance of their savings and checking accounts to accurately reflect their cash and cash equivalents.

Example

Automatically subtracting the total liabilities from the total assets to determine the net worth.

Scenario

After inputting all necessary financial data, the tool calculates that a user's total assets amount to $500,000, while their liabilities total $200,000, resulting in a net worth of $300,000.

Example

Creating pie diagrams to display the proportion of each asset category and liability, making it easier for users to understand their financial distribution.

Scenario

A visual breakdown showing 60% of the user's assets are in real estate, 30% in retirement accounts, and 10% in stocks, with liabilities mostly from a mortgage and student loans.

Example

Providing users with suggestions on improving their net worth, such as paying off high-interest debt first or diversifying their investment portfolio.

Scenario

Offering tailored advice to a user with a high percentage of assets in real estate to diversify into stocks or retirement accounts for better risk management.