Update Your Net Worth Statement

As the end of the year approaches, update your net worth statement to see how your finances have changed over the last three months and over the year. As you update your net worth, take time to reflect on the actions you've taken over the year which have impacted your assets and your liabilities.

Update the values of all your assets, including bank accounts, investment accounts, and personal property. Then update the balances left on the debt you owe. Most of this information should be easily accessible on your account statements. For real estate, cars, and personal property, you can use websites like Realtor.com, KBB.com, and Ebay.com to get quick approximate values for your things.