Net Worth Tracker Checklist
Your step-by-step action plan for tracking and growing your net worth
0 of 16 items completed
1. Understand what net worth means
Net worth = Total Assets - Total Liabilities. It shows your overall financial position.
2. List all your assets
Include: cash savings, investments, property value, pension pots, vehicle value, valuable possessions
3. List all your liabilities
Include: mortgage balance, student loan, car finance, credit card balances, personal loans
4. Calculate your current net worth
Add up all assets, subtract all liabilities. Be honest - this is your starting point.
5. Set up a system to track net worth
Use a spreadsheet, app, or Delphina to record your assets and liabilities in one place
6. Establish a tracking rhythm
Update monthly - some do it payday, others do it on the 1st of each month
7. Categorise your assets
Separate: liquid cash, investments, property, pensions. Helps see where your wealth is held.
8. Categorise your debts
Note interest rates and types: mortgage (low rate), student loan (government), credit cards (high rate)
9. Track monthly change in net worth
Income - expenses = savings. Savings + investment growth - debt payments = net worth change
10. Set net worth milestones
Goals like: first £10k, debt-free, £100k, £250k. Celebrate reaching each milestone.
11. Review your asset allocation
Are your investments diversified? Too much in cash? Consider your risk tolerance and time horizon.
12. Create a debt paydown plan
Prioritise high-interest debt first (credit cards), but don't ignore low-interest debt momentum
13. Find ways to increase income
Side hustle, promotion, negotiation, new skills. More income = faster net worth growth.
14. Identify areas to reduce expenses
Big wins: housing costs, transport, subscriptions. Small wins add up over time.
15. Understand compound growth
Investments grow on returns. Time in the market beats timing the market.
16. Review and adjust your plan quarterly
Life changes, goals change. Your net worth plan should evolve with you.
Continue Your Net Worth Journey
Ready to start tracking your net worth? Use Delphina to monitor your progress: