How To Track Your Net Worth Using Mint.com
I’ve been using Mint.com to track my net worth for almost a decade now. It’s an extremely useful and free service that aggregates all of your accounts in to one easy-to-consume view.
Estimated time to setup: 5-30 minutes.
Below is a screenshot (which is what I use to prepare my monthly statements) of what it can provide you every time you login.
Let’s get started!
- Sign up for an account using this link. This requires minimal information to get started, just email and password.
2. Next up – time to start adding accounts.
Click [+ Add Accounts] and it will bring up the menu below.
From here – you can find your banking institutions (see 1 above). This can be your checking account, retirement accounts, credit cards, brokerages, etc. Mint has a lot of institutions available, but not everyone has been integrated (looking at you Lively.com).
For anything that is not integrated or other property such as your home, vehicles, or physical assets like gold, you will need to add using [+ Add a property] (see 2 above). Don’t forget if you’re adding a home or vehicle, you need to also include the loan (if you have one) to get an accurate picture of your net worth.
3. Have fun tracking your value! That’s it. Pretty simple huh? Don’t be discouraged by your number when you first start tracking it. Whatever you focus on will expand, and if you haven’t focused on your net worth before, it’s not going to be where you want it. But that’s why you’re here, because you want to make a conscience effort to improve your finances.
Whatever you focus on will expand
4. Bonus – I regularly use Mint to see all my dividends across all investment accounts when making side income reports.
To see all of your dividends, first go to [Transactions] (see 1 above) at the top. Next up – click [Investment] (see 2 above) on the left hand side. Lastly, select any “Dividend & Cap Gains” transaction and an option will appear on the right to filter only by dividends (see 3 above). Once you click that, the main data list will only show dividends!
Do you track your net worth each month? If so, how do you do it?