Bottom Line: This Excel tutorial shows you how to create the Net Worth Tracker template, a powerful personal finance tool for taking charge of your financial future. Designed to simplify every aspect of net worth tracking, the template lets you define custom asset and liability positions, organize them into categories, and track their end-of-month values as well as your contributions over time. At the heart of the template is the interactive Net Worth Dashboard, a visually stunning and dynamic tool. Built on advanced calculations, it consolidates all your tracked data to deliver clear insights into your financial performance.
Skill Level: Advanced
Video Tutorial
- Easily track the values of all your asset and liability positions at the end of each month,
- Track your contributions to these positions throughout the month, and
- Automatically generate a well-structured, interactive dashboard analysis with a detailed breakdown of your net worth composition and development.
This tutorial teaches every single step on how to create such an advanced and well-thought-out net worth tracker spreadsheet in Microsoft Excel. Along the way you will learn a ton of high-level Excel skills such as how to
- systematically set up and design an extended professional Excel tool from scratch
- create understandable and reusable formula constructs based on named calculations
- design outstanding interactive charts to visualise the most important KPIs in your data
- how to set up multi-level dropdown list constructs that with a dynamic list input
- how to apply smart conditional formatting rules for data visualization and
- and much more…
Final Template
The final Ultimate Excel Net Worth Tracker has the following main features:
- Net Worth Tracking
- Custom setup for asset and liability positions with personalized categories
- Effortless tracking of monthly values for a clear financial overview
- Contextual insights with special events noted for dashboard analysis
- Contributions Tracking
- Smart table for tracking all money in- and outflows across defined positions
- Seamless assignment of contributions using dynamic dropdowns
- Net Worth Dashboard
- Interactive visualization of all tracked net worth and contributions data
- Clear monitoring of progress toward custom net worth goals
- Comprehensive analysis of asset vs. liability composition and balance
- In-depth insights with a detailed analysis module for deeper exploration
