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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What do all of you people use your "net worth" calculation for?  [/quote]

I look at how it changes year over year to see how we are progressing and to set financial goals. [b]It helps to see when we need to double down on savings or can spend some money on home improvement or other big ticket items.[/b] I also use the process to take a look at the weightings in various things, although our financial advisor does that as well.

I see some people on here saying they do it monthly. I really only do it in January, although occasionally I will do a mid year update.[/quote]

And how does your home equity impact those decisions.  [/quote]

It shows what the total value of my assets are and helps to think about how we might change that in retirement. We will sell one house for sure but not sure if we will rent or buy something smaller. And ultimately we will probably live in one place rather than split time between two. It has also triggered the need to do something about estate planning because, as I noted elsewhere, we are now close to the tax exempt limit (and our state limit is a fraction of that) and that amount sunsets in 2025 so will likely drop at that point.

I also liked to see the progress we made on paying off the mortgages, although now that they are paid off that's no longer a factor.

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