What are the Best Tools to Track Your Net Worth?
We all have super fast-paced lives; we are always somewhere to go, and some have to be. That said, we are in this constant race to maximize our potential and see it reciprocated financially; this is why our busy minds often forget to tally how much we have already made. And, like most other things, we can use technology to fix that for us. Therefore, in today's article, we want to bring the best tools to track your net worth to your attention.
These tools have a convenient user interface and can make tracking your net worth much more accessible. The best tools to track your net worth can be downloaded on your phone at the touch of a screen. You must know how much money you can generate; this helps you plan better for your future. So, without putting you on hold, here are the best tools to track your net worth!
The Best Tools To Track Your Net Worth
Empower
Empower is one of the best tools to track your net worth because it does all the work for you and does a great job. All that is required from you is to sync all your financial details, including your debts, bank accounts, and credit or debit cards, to this online platform.
This application is among the best tools to track your net worth because how it follows your net worth helps you give an overall picture of your financial standing. Empower has also managed to keep up with the revolutionizing times and can consolidate even cryptocurrency into your overall net worth.
Another feature that makes Empower an excellent tool for tracking your net worth is that once it is aware of your financial status, it helps set a budget and even a retirement plan for you every month.
PocketSmith
This application is also worthy of securing a spot in our list of best tools to track your net worth. However, it has two versions; the free one only allows access to essential tools, depriving you of all your financial information on one platform. Therefore, if you want the best experience with PocketSmith, you must get your hands on the premium one, which is $9.95 monthly.
Being one of the best tools to track your net worth, the premium version can draw up a dashboard for you where you can always keep track of your finances. It also allows you to add liabilities or assets that are newfound. Also, it can generate the most suitable daily, weekly, or even monthly budgets according to your personalized capital and requirements.
YNAB
You need a budget that guides you on the right path to help ensure you can stay miles from debt and have a per cent cash flow. YNAB works like PocketSmith and allows its users to plan budgets with the help of the featured tools in the application. You can sync this tool to track your net worth on your smartphone or even to your home assistant;
It is one of the best tools to track your net worth if you are starting your journey toward financial independence. To pay off your student loan and to get your life on track by following a budget, YNAB is all that you need. It is simple to use and easy to follow; do make sure you check it out!
Kubera
It is undoubtedly one of the most advanced tools to track your net worth because it can help build an investment portfolio. It claims to be "the most modern net worth tracker out there, and many of its users will back that up with their experiences with the app.
It is a step ahead of your conventional tools to track your net worth because it allows you to link an online broker to your account so that they can keep track of your investment and funding and get you the best deal according to your cash and assets.
It is a global tool to track your net worth because it is functional across the globe in many countries and allows for over 20,000 banks to be linked to it. It must be noted that, however, they do not offer any free plan, which means that you will only get to be on the app once you have purchased a membership, which is a downside, but they make every money worth it.
Conclusion:
Many of us have only heard of net worth and need to know how detailed that term is in its most accurate meaning. Your total net worth is the money you make, the assets you have managed to make over the years, and the liabilities you might have taken on.
For someone who struggled with math in grade 7, keeping up with their net worth can be a task. Hence, we now have some of the best tools to track your net worth. These tools make your life and financial decisions much more accessible by considering every aspect of your wealth.
To help you make the right choices in terms of finance and to ensure that you are on the right path in life, these tools can draw up budgets and plans to support your goals. So, do not think twice before investing in an excellent tool to track your net worth. Trust us when we say this: it's worth it. It helps you avoid a lot of unnecessary paperwork and mind calculations.
So do your best to earn the most and leave the rest to these tools to track your net worth!
