Understanding Your Net Worth

Your net worth is one of the most important numbers in personal finance. MyTruv calculates it automatically based on your connected accounts.

How net worth is calculated

Net Worth = Total Assets − Total Liabilities

Assets include your checking accounts, savings accounts, investment accounts, and other accounts with positive balances
Liabilities include credit card balances, loans, mortgages, and other debts

Your net worth is displayed prominently on the Home screen at the top. It updates automatically whenever your account data refreshes.

MyTruv tracks how your net worth changes over time. You can view trends on the Home screen to see whether your net worth is growing or declining.

For the most accurate net worth reading, connect all your financial accounts - including loans and credit cards, not just bank accounts.

Net worth can fluctuate daily based on investment performance, spending, and payments. Focus on the long-term trend rather than day-to-day changes.