Net Worth Tracker [2024] Best Trackers Ranked
By Maddy Scheckel The average American family’s net worth increased by 37% between 2019 and 2022.
But how has your own net worth fared? Do you even know? If not, it’s time to find out!
Tracking your net worth can help you make important life decisions. And it’s super easy when you use an app-based net worth tracker! You can sync all your financial accounts to a single app and then quickly learn how much you’re worth.
Want to find the best net worth tracker for you? In this article, I’ll help you choose between them.
What is Net Worth?
Your net worth is the amount of wealth you have. In theory, you can find it with a simple equation:
Net worth = the value of your assets – the amount of your debts and liabilities
Your “assets” would be any possessions with value, including:
- Money
- Investments
- Real estate
- Vehicles
Your “debts and liabilities” would be any money you owe, including:
- Loans
- Credit card balances
- A home mortgage
The problem is that personal finances can get complicated.
That’s where a net worth tracker comes in. You can use one of the apps described below to figure out your net worth without spending hours hunched over a calculator!
The Best Net Worth Trackers
All the apps on this list can help you track your net worth. Each one offers unique additional features, from a subscription manager (Rocket Money) to an investment tool (Fierce).
So, ask yourself what you want from a net worth tracker. Then, pick from this list of the best trackers!
1 – Rocket Money
Best For: Managing subscriptions
Cost: $4 – $12 per month
Rocket Money is a personal finance app with a built-in net worth tracker. It’s available for iOS and Android, and you can also access your account through a web browser.
There are two versions of Rocket Money: the free version and the “Premium” membership.
The free version is pretty cool, offering balance alerts and spend tracking – but it doesn’t include the net worth tracker. So, if your goal is to gauge your wealth, you’ll have to “splurge” for the premium version.
I put “splurge” in quotes because Rocket Money Premium really isn’t that expensive. The cost ranges from $4 to $12 per month. What’s even better is that Rocket Money has a “pay what you want” model, so you get to decide how much you’ll pay (within those parameters).
Once you’ve created a Rocket Money account, you can sync your financial accounts with the platform. That will allow Rocket Money to automatically import your financial data, which it can then use to calculate your net worth. You can also manually add sources of wealth, including tangible assets like a sneaker collection.
And you can do a lot more on Rocket Money than just track your net worth! Other features include:
- Budgeting assistance
- Bill negotiation
- Automatic saving
- Credit score reports
- Subscription management
The subscription manager tool is especially appealing, and that’s what sets Rocket Money apart. The app will list all your recurring payments together and then help you cancel the ones you no longer want. So not only can you track your net worth, but you can also work on increasing it!
Learn more with this complete Rocket Money review.
Source: Rocket Money
2 – Monarch Money
Best For: Syncing multiple accounts
Cost: $99.99 per year or $14.99 per month
Monarch Money is a money-management app that’s become super popular. How popular is it? It gets 4.9 stars from users on the Apple App Store.
Part of the reason people like Monarch Money so much is that it does a great job of gathering information from multiple accounts. The app will sync up with all your bank accounts and financial portfolios. That allows Monarch Money to track your assets and debts (and calculate your net worth) in real time.
If you have tangible assets like sports memorabilia or a valuable china set – don’t worry. You can add them manually, and Monarch Money will factor them into the net worth calculation.
Not only does Monarch Money reveal your current net worth, but it can also display your balance history. That allows you to track your progress, which is important for improving your financial health. You’ll be able to immediately appreciate that new financial strategies are paying off!
Monarch Money is super accessible. The Monarch Money app is available for iOS and Android, and you can also access your account through the official Monarch Money website.
There are two payment options for Monarch Money:
- Monthly payments of $14.99 per month
- Annual payments of $99.99 per year
By choosing the annual payment option, you’ll save $79.89 per year. You can also try out Monarch Money with a 7-day free trial.
Monarch Money is a complete personal finance app, not just a net worth tracker. You can use the app to:
- Check your wealth
- Track your investments
- Set financial goals
- Create budgets
- Manage bills and subscriptions
- Collaborate with other household members
Those features combined can have a massive impact on your financial well-being!
For more budgeting tips, check out this article on how to save $10,000 in a year.
3 – YNAB
Best For: Creating a new “money philosophy”
Cost: $99 per year or $14.99 per month
YNAB is a budgeting app that promises to “change your relationship with money.” It also offers detailed net worth reports for users.
YNAB suggests four basic rules for money management:
- Give every dollar a job
- Embrace your true expenses
- Roll with the punches
- Age your money
When you sign up for YNAB, you’ll be prompted to create a “money plan” based on these guidelines. From there you can track your spending and savings, which will help you live by your new standards.
For most users, this strategy works! The average YNAB user saves $6,000 during their first year on the platform. That’s why YNAB is probably the best net worth tracker if you also want to transform your financial habits.
The YNAB app is available for iOS and Android, and you can also log in through the official YNAB website.
To check your net worth through YNAB, you’ll have to request a special report. This document will list your total balance from all synced accounts on the last day of every month.
YNAB offers two payment options:
- Monthly billing – $14.99 per month
- Annual billing – $99 per year
Not sure you want to commit? Well, YNAB has a super generous free trial option. You can try the platform out for 34 days, giving you plenty of time to decide if the app is right for you.
Looking for other ways to improve your finances? You could try opening a savings account with an above-average interest rate. Learn more: Which savings account will earn you the most money?
4 – Fierce
Best For: Investing
Cost: Free
Fierce is a personal finance app that emphasizes saving and investing while also offering a killer net worth tracker. And best of all, it’s free!
Currently the Fierce App is only available for iOS, but an Android version is “coming soon.” Apple users love the Fierce experience, giving the app an average of 4.7 stars on the Apple App Store.
Fierce will sync with all your financial accounts to track your wealth. And don’t worry – these links are secure. Fierce partners with Plaid, a super reputable payment service, to make safe connections between accounts.
You can also use the platform to monitor the value of physical assets like cars and collections. Fierce will calculate all your debts and assets to show you exactly how much you’re worth.
Wondering what sets Fierce apart from some of the other apps on this list? The ability to make investments through the app itself!
You can use Fierce to:
- Invest in crypto
- Buy stocks
- Put your money in a high-interest checking account
- Make purchases and get cash with a debit card
Fierce partners with the brokerage firm DriveWealth and the FDIC-insured Cross River Bank to provide these services.
If you want to track your wealth while also making investments, Fierce is the best net worth tracker for you.
Learn more about the Fierce app with this complete Fierce Finance app review.
5 – Empower
Best For: A simple net-worth snapshot
Cost: Free
Empower is a wealth management company that offers a user-friendly digital dashboard. And yes, that dashboard can help you track your net worth! It’s also 100% free.
Signing up for the Empower Personal Dashboard is a simple 3-step process:
- Register. Start by heading to the official Empower website and clicking “Sign up.” From there, click “Create dashboard” and create a password.
- Verify. You’ll have to confirm your identity.
- Personalize. You’ll provide access to your different accounts so Empower can track your finances.
When it comes to simplicity, Empower might offer the best net worth tracker around. When you enter the “Net worth” page within the app, you’ll see key information on a single screen, including:
- Your net worth
- Your total assets
- Your total liabilities
- The change in your net worth over the previous year
- A graph showing changes in your net worth
In addition to a net worth tracker, the Empower dashboard includes a retirement planner tool, a budget planner, and spend tracking. It’s basically an all-in-one personal finance app, and it’s available for both iOS and Android.
*Note: There’s a different app called “Empower” that focuses on offering cash advances. Is that something you’re interested in? Then check out this article on cash advance apps that work with Chime.
Source: Empower
Commonly Asked Questions About Net Worth Trackers
What Is The Best Net Worth Tracking App? / Best Net Worth Tracker Apps?
Here are some of the best net worth trackers available today:
- Rocket Money (see full Rocket Money review)
- Monarch Money
- YNAB (read our Rocket Money vs YNAB comparison)
- Fierce (read full Fierce Finance app review)
- Empower
And to learn which budgeting app could best help you manage your finances and boost your savings, check out these comparisons of Rocket Money vs the competition:
If you’re looking for a low-tech, hands-on budgeting method, learn about cash envelope categories. And if you need to boost your savings fast, the 60/30/10 rule budget can help.
Why Should You Track Your Net Worth?
Your net worth represents the “big picture” when it comes to your financial well-being. So, tracking your net worth can help you understand whether your financial strategies are paying off.
How Can I Track My Net Worth?
You can track your net worth by downloading a digital net worth tracker like Rocket Money or YNAB. Without these tools, you’ll have to calculate your net worth by subtracting your total liabilities from your total assets, which is tricky because these numbers are often in constant flux.
What Should My Net Worth Be At 40?
Everyone has their own financial path, so there’s no “rule” for how much wealth you should have at a certain age. That said, Empower says the median net worth for Americans in their 40s is $126,881, so an ambitious saver and investor should try to beat that number.
Is There An App That Calculates Your Net Worth?
There are lots of apps that sync with your financial accounts to calculate and track your net worth. Rocket Money, Monarch Money, and YNAB are some of the best.
Net Worth Tracker Free?
Here are some free personal finance apps that offer a net worth tracker:
- Fierce (read full Fierce Finance app review)
- Empower Personal Dashboard
- Rocket Money (a paid subscription is required for the net worth tracker, see full Rocket Money review)
Net Worth Tracker Online?
These app-based services let you track your net worth online:
- Rocket Money (see full Rocket Money review)
- YNAB (read our Rocket Money vs YNAB comparison)
- Monarch Money
- Empower
- Fierce (read full Fierce Finance app review)
Net Worth Tracker Reddit / Best Net Worth Tracker Reddit?
I found a Reddit thread where someone asked about the best net worth tracker.
Source: Reddit
A few people suggested Empower, with one user praising the app’s user interface.
Source: Reddit
Another user enthusiastically recommended Rocket Money. They especially liked that Rocket Money lets you track assets and debts separately.
Source: Reddit
Other recommendations included Monarch Money, Copilot, Fidelity Full View, and Relay (from SoFi).
