6 Best Net Worth Trackers To Grow Your Wealth
Some products in this article are from our partners. Read our Advertiser Discloser.
Tracking your net worth can even help you set financial goals for yourself or your family. It helps you know when to change how you spend your money. Here are the best net worth trackers to help you grow your assets.
Top Net Worth Trackers
Here are the best net worth trackers to help you monitor your net worth.
1. Empower
Empower is a free app that easily tracks your net worth.
With Empower, you can:
- Have access to all of your financial accounts in one place
- Plan for retirement
- Monitor your investments
- Uncover hidden fees
- View, manage, and categorize your expenses
They make it easy to link your financial accounts, and you can see your net worth in minutes.
Empower uses bank-level military-grade encryption. This ensures they always guard your account information with the utmost protection.
2. Tiller Money
Tiller Money is a tool that helps you track your net worth by automating the data on your financial spreadsheets.
When you connect your financial accounts to your Tiller Money account, all data populates automatically. Tiller has free templates you can use to create your spreadsheets, and you can customize categories and more.
Tiller uses 256-bit AES encryption, and they promise not to share or sell your data to anyone. With Tiller Money, you can track your debt, create a budget, track expenses, and more.
You get a free 30-day trial with Tiller Money. After that, you’ll pay $79 per year.
3. YNAB (You Need A Budget)
You Need a Budget (YNAB) is another popular site to track your net worth. However, its primary purpose is to help you budget.
It has a system in place that will help you with three financial goals:
- Stop living paycheck to paycheck
- Get out of debt
- Save more money
YNAB uses bank-level security to protect your information.
The net worth tracker is a bonus since the budgeting app is meant to help you manage money better.
Unlike the other apps, YNAB is not free. You can try it for free for the first 34 days. However, after that, you’ll pay $14.99 monthly or $98.99 a year to keep the service.
Learn more: YNAB Review
4. Monarch Money
Monarch Money is a money management platform that emphasizes reaching your financial goals. As you work toward short-term and long-term financial goals, Monarch Money makes tracking your net worth easy.
Specifically, Monarch Money offers net worth syncing. Instead of adding up your assets and liabilities, Monarch Money will run the numbers for you.
All you need to do is have your financial accounts linked to Monarch for seamless net worth tracking.
If you have physical assets without an attached electronic account, you can manually add this value to your net worth. For real estate, the platform uses Zillow data to determine property values.
Monarch Money offers both a free and premium version.
Learn More: Monarch Money Review
5. Kubera
Kubera claims to be a ‘Time Machine for your Net Worth’. With Kubera’s intuitive interface, users can effortlessly monitor their net worth, bringing all their financial data into one secure platform.
Kubera empowers users to link multiple accounts, including investments, real estate, bank balances, and debts, providing a holistic view of their financial health.
Through powerful analytics and customizable reports, individuals can identify trends, set goals, and make informed decisions.
6. PocketSmith
PocketSmith is a personal finance software designed to help individuals track and manage their net worth. It provides a comprehensive platform where users can link their various financial accounts, including bank accounts, credit cards, investments, loans, and mortgages.
By consolidating all this financial data in one place, PocketSmith offers users a clear and real-time view of their net worth.
One of the key features of PocketSmith is its ability to automatically categorize transactions, allowing users to understand their spending patterns and financial habits easily.
Additionally, it offers budgeting tools and forecasting capabilities, helping users set financial goals and plan for the future effectively.
Why Do I Need to Know My Net Worth?
You might wonder why it’s so important to know what your net worth is. There are three main reasons.
First, knowing your net worth gives you a clear picture of your financial situation. Knowing your financial situation allows you to make money decisions that benefit you financially. It makes you aware that you need to turn things around if your net worth isn’t as high as you’d like.
Second, knowing your net worth helps you monitor the progress of your financial goals. Regularly tracking your net worth helps you to see your big-picture financial progress.
Lastly, tracking your net worth is a motivator for continuing to take steps to reach the financial goals you’ve set in place.
Frequently Asked Questions
Here’s a look at additional questions users ask about tracking their net worth.
Are these net worth tracking apps safe to use?
Yes, most reputable apps use bank-level security measures to protect your financial data. Always choose apps from trusted sources and read reviews to ensure security.
Are net worth tracking apps free or paid?
Many apps offer both free and premium versions with additional features. Check their pricing structures to find the best fit for your needs.
Can I track my net worth manually on net worth tracking apps?
Some apps offer the option to input data manually if you prefer not to link accounts.
Will net worth tracking apps sync across multiple devices?
Yes, most apps allow syncing across smartphones, tablets, and desktops to access your net worth information conveniently.
Net Worth Trackers Comparison Table
| COMPANY | PRICE Per Year | APPLE RATING |
| Empower | Free | 4.7 |
| Tiller Money | $79 | 4.8 |
| YNAB | $98.99 | 4.8 |
| Monarch Money | Free | 4.8 |
| Kubera | $150 | NA |
| PocketSmith | $108 | 3.4 |
Summary
Peter Drucker, a famous business consultant and author, has a great quote. It says, “If you can’t measure it, you can’t improve it.” In other words, those things that get measured can more easily be improved.
Tracking your net worth gives you a catalyst for increasing it. It helps you monitor expenses and debts and make changes where needed.
Besides, it helps motivate you as you see your numbers progress. As discussed, there are several tools for tracking net worth.
For me, online tracking with a free ad through a site like Empower makes it easy. However, the important part is that you’re tracking it – whatever method you choose.