Update Your Net Worth Statement

It's September, which means it's time to update your net worth statement to see how your finances have changed over the last three months. Keeping your net worth statement up to date will help save you hours of work later on in other aspects of your financial plan.

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.