Your net worth is an important figure. It’s good to know, because if you need to apply for a loan at a bank, they will ask for details of your assets and liabilities. It can also show if you are in too much debt, in other words, your liabilities are too high. You will find more information on your net worth here.
Knowledge is powerThe more you understand your financial situation, the better you are able to manage your money and make adjustments and improvements to your spending and saving. These three simple sums could be just the helpful tools you need.