Calculate Your Net Worth.
Assets Minus Liabilities.
What is your net worth now? What will it be when you retire? What would it be now for your surviving spouse? What would it be in retirement for your surviving spouse? What will it be 10 years from now? What will it be 20 years from now? Family Finances facilitates all of these calculations.
|
Now | Now Survivor | Forecasted (10 years) | Forecasted (20 yrs) | Retired | Retired Survivor |
| ASSETS | $200,000 | $200,000 | $220,000 | $250,000 | $350,000 | $400,000 |
| LIABILITIES | -$180,000 | -$80,000 | -$150,000 | -$120,000 | $0 | $0 |
| NET WORTH | $20,000 | $120,000 | $70,000 | $130,000 | $350,000 | $400,000 |
Assumptions:
- If you die your spouse will receive $100,000 in life insurance reducing your mortgage balance to $80,000.
- In 10 years you will have reduced your mortgage by $30,000 and your savings by $20,000, increasing your Net Worth by $50,000, from $20,000 to $70,000.
- In another 10 years you will have reduced your mortgage by another $30,000 and your savings by $30,000, increasing your Net Worth to $130,000.
- By the time you retire, 30 years from now, your mortgage will be paid off.
- If you die in retirement your spouse will receive $50,000 in life insurance.
Loaded With Features.
Personal and family finances software.
- Save For The Future
- Amortize Your Loans
- Learn How to Budget
- Get With the 'Program'
- Pay Off Your Mortgage
- Balance Your Checkbook
- Calculate Your Loan Payment
- Pay Off Your Credit Cards
- Calculate Your Net Worth
- Hang On To Your Earnings
- Quit Fighting About Money
- Make Better Family Decisions
- Plan For Retirement
- Analyze Expenditures
- Document Your Home Inventory
- Put Your Financial House in Order