There are multitudes of online sites, tools, forums and more to help you make more sense of your financial situation and take control of your money.

ASIC’s MoneySmart is one of the more reputable sites and a great tool they have is the Net Worth Calculator.

In less than five minutes this calculator helps you work out:

  • If your total assets outweigh your debts
  • The strength of your current financial situation

Here’s the link:

https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/your-net-worth-calculator

Check it out and let us know what you think!

 

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