How often do you calculate your net worth?

[TheOtherMe]

I don't think I have ever sat down and calculated my net worth. I would guess it would be negative at the moment because the basis in my house has to be reduced by the $8K first time homebuyers credit and I did a YM no-no and got a 0% down loan.

I live in a very small town and market prices are very hard to determine. Zillow was the same as the county appraiser last month, but now it's the Zestimate is down $4K. Mortgage would still be higher than that.

[The J]

Monthly when I do my networthiq update. I haven't changed the value of my condo in the (almost) 2 years that I've been there. No real need to -- the market fluctuations have actually kept it around what I paid for it, so I just leave it.

[MN-Investor]

I sometimes calculate my net worth on a Saturday morning. Not good after the last several down market days. We're back to where we were at the end of January. We're up 1.57% for the year. But we had been up 6.85% just a couple of weeks ago at the end of May. Oh well. Our investments are solid. We'll wait it out.

[ejd86]

Monthly, I update my excel spreadsheet, although I want to look into Mint

[me4kids]

Once a month. I update my spreadsheet after the mortgages have been paid.

[Deleted]

NEVER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[skweet]

1 - Once a year on 12/31
2 - When one of my banker's asks for an updated statement
3 - When a change occurs that adjusts my NW significantly
I am glad that I had done the 12/31 thing for awhile, as I was able to back-load several years in the past on my NW IQ page, and see it graphed out.

[Deleted]

Never

[SVT]

If you're in your building wealth stage, I think it's good to keep track of your net worth at least every so often.

[Gardening Grandma]

I don't think I have ever sat down and calculated my net worth. I would guess it would be negative at the moment because the basis in my house has to be reduced by the $8K first time homebuyers credit and I did a YM no-no and got a 0% down loan.

What does the $8K first time homebuyers credit have to do with your net worth?

Asset = current value of your home
Liability = what you currently owe...

[lazysundays]

NetWorthIQ- I've been bad about getting it done monthly but I still see my progress overall. Love seeing that line go up up up

[lynnerself]

One reason we do not calculate it frequently is that so much of our investments are in the market.
Market volatility could make our technical net worth swing widely, offsetting gains from savings and paying down mortgage.
Annually seems to be often enough.
We know we are on track with finances.

[krr627]

I update about once a quarter.

[trimatty471]

Once a year.

[Deleted]

In markets like this when it's all going up- Daily! Seriously- I love gaining $10-$15 K overnight. I record the balances at the first of every month no matter what and track the new money separately so I can calculate the IRR (internal rate of retorn). About twice a year I do a full-scale review and think about what to because it's underperforming. Just did that this AM and will be talking to our financial advisor about what to buy. Sadly, the solid funds (CWGIX and AGTHX) that were the anchors of our portfolio 5 years ago are stagnating- even in relation to their peers in the same category. I have to be careful of the tax effects outside the IRA, though.

[bobosensei]

I update my excel spreadsheet about once a month, maybe twice. But I save over the previous amount so the only part that saves is the year end amount. I sometimes feel like I'm not making ground and I can look back the last few years and see that it isn't true.