A Key Tip When Calculating Your Net Worth
Be realistic, and err on the side of being conservative on the value of your assets when calculating your net worth.
You don’t want to over-estimate your assets, as that would provide an inaccurate snapshot of your current net worth, and could lead to financial headaches down the road when making big household money decisions based on faulty net worth data.
Also, make good use of one of the many online financial calculators when figuring out your net worth. Personal Capital has a useful calculator that allows you to download financial data right into the calculator, making it even easier to figure out your net worth. Additionally, Mint.com allows you to calculate your net worth in real time, after you open an account.