Asset or Liability?

Own it, or owe it? Most people never sort their own life this way.

Skill this builds

Sort real financial items into assets and liabilities using the standard definitions, so you can calculate your own net worth.

About

About 6 minutes · Standards: CEE, Jump$tart · Plays offline

Standard definitions, the ones banks and accountants use: an ASSET is something of value you own. A LIABILITY is money you owe. Assets minus liabilities equals your net worth — the single most useful number in personal finance, and one most people have never calculated. Sort each card.

Educational only — this teaches definitions, not financial advice. Your situation is yours; a nonprofit credit counselor or the resources cited here are real places to take it.

Your savings account balance

The point

Now do the real thing — it takes ten minutes: list what you own, list what you owe, subtract. That's your net worth. It might be negative; most people's is at the start, and that's a starting line, not a verdict. Track it twice a year and every money decision you make gets clearer: does this grow the OWN side, or the OWE side?