Your net worth is one of the clearest indicators of your financial health. It’s the value of everything you own (assets) minus what you owe (liabilities). Monitoring your net worth allows you to see the big picture of your finances, measure progress toward goals, and make smarter money decisions. While tracking it manually is possible, the process can be tedious and prone to errors. Thankfully, a variety of tools now simplify this process. These tools not only track your net worth automatically but also provide insights that can help you grow your wealth. We will explore why monitoring net worth matters, key features to focus on, and review the best tools available in 2025.

Why Tracking Net Worth Is Important

Tracking your net worth regularly is like checking the score in a game: it shows whether your financial strategy is working. Instead of just focusing on individual accounts, such as your checking or savings, net worth paints a complete picture of your finances. Here’s what makes net worth tracking so valuable:

  • Measures Progress: Consistent tracking shows how small actions, like saving or paying off debt, contribute to long-term financial health.
  • Identifies Red Flags: A negative or declining net worth can signal overspending, excessive debt, or the need to save more.
  • Guides Planning: Knowing where you stand financially helps you set realistic goals, such as homeownership or early retirement.

Understanding your net worth is the first step in building financial stability. The next step is finding the right tool to keep tabs on it efficiently.

Key Features to Look For in Net Worth Tools

When selecting a net worth tool, focus on features that align with your financial situation. The ideal tool should be easy to use, yet comprehensive enough to handle all aspects of your finances. Here are some features to look out for:

  • Automation: Tools that sync with your bank accounts, credit cards, and loans automatically update your financial data, saving you time and effort.
  • User-Friendly Interface: Look for clear dashboards and visualizations (charts and graphs) that present your financial data in an easy-to-understand format.
  • Customization: Choose tools that allow you to set goals and personalize your tracking for unique needs, such as eliminating debt or growing investments.
  • Security: Since financial tools require sensitive information, ensure the tool uses robust encryption and other protections.
  • Pricing: Some tools are free, while others require a subscription. Assess your budget and choose an option that fits your needs.

With these considerations in mind, here are the best tools available to track and manage your net worth.

1. Empower (formerly Personal Capital)

Empower combines net worth tracking with powerful investment analytics. The app syncs with financial accounts, such as bank accounts, investment portfolios, and credit cards, to provide a clear snapshot of your net worth. It’s free for basic use, but investment management services come with a fee of 0.89% for accounts under $1 million.

  • Best For: Users with significant investments or those interested in retirement planning.
  • Cost: Free for net worth tracking; investment management has additional fees.
  • Highlights: Offers detailed portfolio breakdowns and financial insights. The dashboard is user-friendly and provides retirement planning tools.

2. YNAB (You Need A Budget)

YNAB focuses on zero-based budgeting, where every dollar you earn is assigned a specific purpose. While primarily a budgeting tool, YNAB also tracks your net worth as a result of your budgeting discipline. It provides real-time updates and encourages financial accountability.

  • Best For: People serious about budgeting and eliminating debt.
  • Cost: $14.99 per month or $109 annually. College students receive 12 months free with proof of enrollment.
  • Highlights: Includes goal-setting features, educational resources, live workshops, and excellent customer support.
  • Downside: It requires more setup effort compared to some alternatives.

3. Mint

Mint is a straightforward option for beginners. This free tool is supported by ads and does an excellent job of syncing accounts to track spending, budgets, and net worth. It isn’t as robust for investment tracking or more advanced financial goals.

  • Best For: Beginners or those on a budget.
  • Cost: Free.
  • Highlights: Tracks spending habits, updates net worth automatically, and offers bill reminders.
  • Downside: Occasional syncing issues and limited investment tracking.

4. Tiller Money

Tiller Money is perfect for spreadsheet enthusiasts who prefer a hands-on approach. It automatically updates Google Sheets or Excel with financial data from your accounts. This is ideal for users who want customization without manually entering every detail.

  • Best For: Spreadsheet users and those seeking customization.
  • Cost: $99 per year.
  • Highlights: Highly customizable and allows for detailed financial tracking. Includes templates for net worth, budgeting, and more.
  • Downside: Requires spreadsheet knowledge and setup effort.

5. Quicken Simplifi

Quicken Simplifi offers an all-in-one solution for managing your finances. It links to your accounts, tracks expenses, and provides detailed reports. Simplifi is known for its robust capabilities, making it a valuable choice for in-depth financial tracking.

  • Best For: Advanced users or those managing both personal and small business finances.
  • Cost: $5.99 per month with a 30-day money-back guarantee.
  • Highlights: Offers customizable reports, investment tracking, and bill management tools.
  • Downside: No free version and some users feel the interface is complex.

6. DIY with Spreadsheets

If you prefer full control and don’t mind inputting data manually, a basic spreadsheet can work as a net worth tracker. Tools like Google Sheets or Excel allow users to create custom templates tailored to their financial goals.

  • Best For: Experienced finance enthusiasts or those who avoid account syncing.
  • Cost: Free (if you already have spreadsheet software).
  • Highlights: Fully customizable with no subscription fees.
  • Downside: Time-consuming and prone to errors if not regularly updated.

Practical Tips for Beginners

Starting with a net worth tracker might feel overwhelming, but these tips can make the process easier:

  • Track Monthly: A monthly check helps you monitor trends without overwhelming yourself.
  • Focus on Big Trends: Don’t panic about small fluctuations in net worth; focus on long-term progress.
  • Set Realistic Goals: Use your net worth data to establish achievable targets, like saving for a vacation or paying off debt.
  • Learn as You Go: Many tools offer educational resources to help you understand financial habits and strategies.

The biggest advantage of these tools is time savings. They consolidate your financial information in one place, delivering real-time updates and valuable insights. They can highlight unnecessary spending, help you set realistic goals, or guide you toward better financial decisions.

By investing in a net worth tracking tool and committing to regular financial reviews, you can take control of your money, reduce stress, and work toward the financial future you’ve always wanted. These tools make the path to financial success clear and achievable.