For a digital Google Drive version that you can edit online, click above.

For a digital Google Drive version that you can edit online, click above.


{Listen to the audio of this week's challenge}

Calculating net worth is a touchy subject

Some people love doing it, some people hate facing the reality of what it is but regardless of your stance, it is a really important exercise to do to get a clear view of where you currently stand financially, and it helps you create a plan of attack to get your net worth numbers up.

How do I calculate my net worth?

Your net worth is calculated by subtracting your liabilities from your assets.

Net worth = Assets - Liabilities

Many people start out with a negative net worth and if this is you, it's ok. Given time and the continuous practice of good financial habits, this can change.

A negative net worth can be due the fact that you haven't earned or invested enough of your income to offset your debt. For example, it is not uncommon for younger people who have student loans but have only earned a few years of income to have a negative net worth. 

Another reason for a negative net worth could be due to overspending and having large amounts of credit card debt and not much in assets to offset your debt.

WK 3 - Net worth.jpg

How do I increase my net worth?

Every time you make a payment towards debt or you put money in your savings account, you are increasing your net worth. Keep in mind that, although your net worth might remain negative for a while, when you make a debt payment, you are reducing your total amount of debt which in turn increases your net worth.

Your challenge this week is to use the downloadable worksheet on this page to calculate your current net worth. 

Don't be afraid or discouraged by what you see if you end up with a negative number. 

Remember the whole point of this journey is to work on your finances! Give yourself time, develop the habits and the consistency, and most importantly believe that you can.

P.S. Don't forget to share your progress in the Facebook group!


It's week 3 of The 26 week savings challenge!

This week, your savings deposit amount is $11.00

(If you've been consistent with your deposits, this week's deposit will bring your balance to $21!)


  1. Make your transfer.
  2. Check off this week's amount on your savings challenge schedule.
  3. Share your progress in the Facebook group!

Note: This challenge will be on-going throughout this accountability program in addition to your other weekly challenges.