It’s not really an every day tool like a budgeting app. It’s a tool I’ll glance at monthly or every few months.
The focus of this tool is on tracking your net worth. Your net worth, as calculated by this tool, are your assets minus your liabilities. You can import all of your asset accounts and all of your liability accounts into this tool and it gives you a big picture view of your financial health.
As you think ahead toward retirement & financial freedom, you want to see your net worth number growing over time. This gives you a good indication that you'll be financially prepared for the time in your life when you don't have any income coming in from your job.
Types of assets you can import:
- Bank accounts (cash)
- Investment accounts (IRAs/401ks/HSAs/529s/stocks/bonds, etc)
- Real estate (primary home & rental property)
- You can...