There are essential money numbers everyone should know, to give you a great picture of your financial health, and help you understand your finances.
- Net worth: Add up the value of everything you own and subtract everything you owe. Assets minus liabilities.
- Home equity: The current value of your home minus the balance on your mortgage.
- Gross Income: Your total income before taxes and withholdings, including insurances.
- Net Income: How much you are left with after deducting the taxes and withholdings.