The Smart Way to Track Your Financial Health

Paying off debt or hitting savings milestones can feel like major wins — and they are. But if you want a clearer picture of your overall financial progress, it’s important to look at more than individual goals.

One of the best ways to measure your financial health is by tracking your net worth. This simple formula — your total assets minus your total liabilities — gives you a comprehensive snapshot of where you stand.

Regularly reviewing your net worth can help you see the bigger picture: how your savings, investments, and debts are working together. It keeps you focused on long-term growth and helps you make more informed decisions about spending, saving, and investing.

It’s also a valuable tool for retirement planning. Tracking your net worth over time shows whether you’re on pace to reach your future goals and can highlight areas where you may need to adjust your strategy.

There’s no one perfect way to measure financial growth, but keeping an eye on your net worth is a smart, simple habit that can guide you toward lasting financial wellness.

– Michele McGarvey Team