Kristilyn Wiklinson, M.S., AFC Candidate
What is your net worth? Just a heads up, it is different from your SELF-WORTH and is in no way tied to that. It is, however, still an important part of your overall financial wellness? Your net worth is basically what you OWN minus what you OWE. Your net worth is a snapshot of your finances at one point in time. It tells you whether you are solvent, aka whether you have enough assets to pay off all of your debts.
Got the spring fever itch to freshen up, tidy, and de-junk? The obvious list includes the garage, gutters and pantry but don’t overlook your personal financial records. Below are five simple guidelines and links to further resources to make this process painless each year. TIP: Set aside time include your spouse and/or children in this process. It is a great teaching opportunity for kids.
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