How to Build a Net Worth Statement in Excel
Start by creating columns for account name, type, current value, and outstanding balance. Add rows for cash, investments, real estate, retirement accounts, loans, and credit card debt. Use simple formulas like SUM to total assets and liabilities, then subtract liabilities from assets. You can update values monthly to track changes over time.
Why Use Excel for Tracking Net Worth
Excel gives you full control over layout, formulas, and charts without monthly fees. It works offline and can be shared or backed up easily. For step-by-step templates and examples, see Microsoft Support.
