What are you worth today? What will you be worth in the future?
America Saves "Personal Wealth Estimator" is a two-part financial calculator. In the first part, you can determine your current net worth. If you wish, you can then proceed to the second part of the Estimator to determine your future net worth, based on assumptions that you make about additional savings, interest rates, rates of return, and other factors.
PLEASE READ THIS: Keep in mind that the Estimator is just that. Unknowable stock yields and other variable factors mean that future net worth calculations are only estimates.
PART 1: ESTIMATING YOUR CURRENT NET WORTH
Please supply the following information in order to estimate your current net worth:
Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.
Written by Great Lakes Michigan Saves | April 19, 2016
With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.
It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.