Net worth is everything you own minus everything you owe. Finthy works it out from two places at once: the balances of your accounts, and the items in your financial inventory.
Tracking it is not a paid feature. Any plan can record inventory items and see net worth.
What counts as an asset
Account balances: cash, current, savings and investment accounts, whether they sync automatically or you keep them by hand.
Financial inventory items you record yourself:
- Real Estate
- Vehicle
- Stocks & Funds
- Retirement Fund
- Fixed Income
- Cryptocurrency
- Precious Metal
- Collectible
- Business Equity
- Life Insurance
- Personal Loan Receivable, money someone owes you
- Other Asset
Real estate is an inventory item, not a bank account. Adding your home as an account with a balance is the common mistake; it belongs in the inventory, where it can carry an ownership share.
What counts as a liability
Two places again. Credit card and loan accounts count from their balances, and the inventory has liability types of its own:
- Mortgage
- Personal Debt
- Informal Loan
- Other Liability
So a mortgage on a property you recorded as an inventory asset is recorded as an inventory liability, and the two sit against each other in the same total.
Ownership share
Something you own jointly should not count in full. Each inventory item takes:
- Ownership %, the share that is yours.
- Ownership Type: Full Ownership, Co-Ownership, Usufruct, Bare Ownership, or Not specified.
Only your share counts toward your net worth. This matters most for property held with a partner or inherited with a split between use and title.
Items linked to an account
An inventory item can be linked to one of your accounts. When it is, its value comes from that account and cannot be edited on the item: Finthy says so and points you at the account’s balance instead. This keeps a brokerage line or a crypto balance from being counted twice, once as an account and once as an item.
Where to see it
Your current net worth is on the Dashboard. For the shape over time, the Trends page has Net Worth Progression, which moves with account balances and inventory values rather than only with your spending. Trends is part of the paid plans.
Good to know
- Net worth moves without you spending anything. Revaluing a property or a vehicle changes it, which is why those values are worth revisiting occasionally rather than entering once.
- A hidden account still belongs to you. Hiding an account takes it out of lists and totals you look at day to day, so check what you have hidden if a figure looks lower than you expect.
- One currency, many assets. Values can be held in different currencies and are converted to your default currency for the total.