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Net Worth Calculator

A planning worksheet for your household

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How to use this calculator: Fill in the rows that apply to you — subtotals and your net worth update automatically as you type. Tick What-If on any liability to see how paying it off would change your picture. Leave any field blank if it does not apply.
You enter your value
Calculated automatically
1

CASH & LIQUID ASSETS

Assets you can usually get your hands on quickly. This section drives your liquid net worth — a key measure of everyday financial flexibility. Use current balances or reasonable estimates.
LINE ITEMVALUE ($)
Checking / Everyday Cash $
Savings Accounts $
Emergency Fund $
Cash on Hand$
Money Market / High-Interest Savings $
GIC / CD / T-Bills $
Taxable Brokerage Account $
Other Cashable Investments$
Crypto $
Custom 1$
Custom 2$
Subtotal — Cash & Liquid Assets$
0.00
2

INVESTMENTS & REGISTERED ACCOUNTS

These count toward your total net worth, but most are not considered liquid — there may be tax or penalty costs to access them early. Examples: retirement accounts, education savings, pensions, long-term investments.
LINE ITEMVALUE ($)
TFSA / Roth IRA $
RRSP / 401(k) / Traditional IRA $
FHSA / HSA $
RESP / 529 $
Pension Value (Estimate) $
Stock Options / RSUs (Vested) $
Custom 1$
Custom 2$
Subtotal — Investments & Registered$
0.00
3

REAL ESTATE

Use current market value — not what you originally paid. Mortgage balances go in the liabilities section below, not here. When unsure, estimate conservatively and round down rather than up.
LINE ITEMVALUE ($)
Primary Residence $
Vacation Property$
Rental Property$
Land / Lots$
Other Real Estate$
Custom 1$
Custom 2$
Subtotal — Real Estate$
0.00
4

VEHICLES & PERSONAL PROPERTY

Include these if you want them counted in your total net worth. They add value on paper, but can be slow to turn into cash. Use resale value or a conservative estimate — not what you paid.
LINE ITEMVALUE ($)
Vehicles (Total Resale Value) $
Boats / RVs / Recreational Vehicles$
Jewelry / Art / Collectibles $
Life Insurance Cash Value $
Custom 1$
Custom 2$
Subtotal — Vehicles & Personal Property$
0.00
5

BUSINESS & OTHER ASSETS

Use this for harder-to-classify assets. Only include values you can back up with a reasonable estimate — when in doubt, stay conservative and round down.
LINE ITEMVALUE ($)
Business Ownership / Equity $
Private Investments $
Trust Assets (Accessible Portion) $
Custom 1$
Custom 2$
Subtotal — Business & Other Assets$
0.00
6

SHORT-TERM LIABILITIES

Enter the current balance you owe — not your monthly payment. Tick What-If on any debt to see your balance sheet without it. Short-term debt tends to pressure cash flow the fastest.
LINE ITEMWHAT-IFVALUE ($)
Credit Cards
Line of Credit
Taxes Owing
Buy Now Pay Later / Financing Plans
Personal Loans
Medical Debt / Unpaid Bills
Family / Private Loans
Custom 1
Custom 2
Subtotal — Short-Term Liabilities
0.00
7

LONG-TERM LIABILITIES

Larger debts that usually take years to pay off. Use the current payoff balance when you can — not the original loan amount. Long-term debt affects your leverage and your future flexibility.
LINE ITEMWHAT-IFVALUE ($)
Mortgage - Primary Residence
Mortgage - Other Property
Vehicle Loans
Student Loans
Business Loans
Investment Loans / Margin Debt
Custom 1
Custom 2
Subtotal — Long-Term Liabilities
0.00

About the What-If Payoff

  • Ticking What-If on any liability adds it to your payoff scenario in the summary below.
  • You will see how your total liabilities, net worth, and debt ratio change if those debts were gone.
  • This is a planning view only — it does not actually pay down your debt or change your numbers.
YOUR NET WORTH SUMMARY
This section updates automatically as you fill in the sections above. Use it as a starting point — not a judgment. A balance sheet that looks strong on paper can still feel tight if most of your wealth is tied up and hard to access.
Household Totals
Total Assets
$
0.00
Total Liabilities
$
0.00
Net Worth
$
0.00
Liquid Assets (Section 1 only)
$
0.00
Short-Term Liabilities (Section 6)
$
0.00
Liquid Net Worth
$
0.00
Debt Ratio
0.00%
What-If Payoff Scenario
Shows the impact of paying off the liabilities you ticked What-If above.
MeasureCurrentAfter Payoff
Selected Debt Payoff Amount$0.00--
Total Liabilities$0.00$0.00
Net Worth$0.00$0.00
Debt Ratio (%)0.00%0.00%
Category Breakdown - % of Total
Share of total assets (left) and total liabilities (right). Shows where your balance sheet concentrates.

Asset Category

Cash & Liquid Assets0.0%
Investments & Registered0.0%
Real Estate0.0%
Vehicles & Personal Property0.0%
Business & Other Assets0.0%

Liability Category

Short-Term Liabilities0.0%
Long-Term Liabilities0.0%

How Your Balance Sheet Is Working

Fill in your numbers above and this panel will give you a plain-English read on where you stand — including a benchmark or two worth knowing.

Explore PTL Courses
Net Worth

Net worth is what you own minus what you owe. It is a snapshot, not a grade. Formula: Total Assets minus Total Liabilities.

Liquid Net Worth

Liquid net worth focuses on money you can reach quickly, then subtracts your short-term liabilities. This tells you how much flexibility you actually have right now — not just on paper.

Liquid Assets

Money you can access quickly, usually without a penalty. Examples: checking, savings, money market, GICs/CDs, T-bills, taxable brokerage. Retirement accounts count toward total net worth but are excluded from liquid net worth by default.

Debt Ratio

Your total liabilities divided by your total assets, shown as a percentage. A lower number means more room to move. Example: $200,000 in debt and $500,000 in assets = 40% debt ratio.

Rule of thumb: above 50% is worth watching; above 75% is worth having a plan for.

Real Estate & Personal Property

Use current market value — what it would realistically sell for today. These add to net worth, but may take time to sell. That is why someone can look wealthy on paper and still feel tight on cash.

Business Equity, Pensions, RSUs

These can be significant, but are hard to value precisely. Use a conservative estimate. When unsure, round down rather than up.

Liabilities

Enter current balances owed — not monthly payments. Short-term liabilities pressure cash flow fastest. Long-term liabilities matter most for financial flexibility over time.

What-If Payoff

A planning tool — not a magic button. Ticking What-If shows you how your balance sheet would look if that debt were gone. Use it to weigh which payoff would have the biggest impact.

GIC / CD / T-Bill

Short-term fixed-income investments. A GIC is the Canadian version of a CD. T-Bills are short-term government securities. All are generally low-risk and count as liquid once they mature.

TFSA / Roth IRA

Tax-free savings accounts. Contributions are made with after-tax dollars; withdrawals are generally tax-free. TFSA is Canadian; Roth IRA is the U.S. equivalent.

RRSP / 401(k) / Traditional IRA

Tax-deferred retirement accounts. You get a tax break when you contribute, but pay tax on withdrawals. RRSP is Canadian; 401(k) and Traditional IRA are U.S. versions.

FHSA / HSA

Purpose-specific savings accounts. FHSA (First Home Savings Account) is for Canadian first-time home buyers. HSA (Health Savings Account) is a U.S. account for medical expenses. Both offer tax advantages.

RESP / 529

Education savings accounts. The RESP is Canadian; the 529 is the U.S. equivalent. Both grow tax-sheltered for post-secondary education costs.

For educational purposes only. Not individualized financial advice. ©Plan To Live Inc.  |  www.plantolive.com

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