Knowing how much money is at your disposal in your checking and savings accounts is important for day-to-day budgeting and expenses. But those figures don’t account for other crucial aspects that contribute to your overall financial situation, including both liquidatable assets and liabilities, such as unpaid debts.
That’s why knowing your net worth – and how it compares to others in the U.S. who are roughly your age – can be helpful.
This post originally appeared at U.S. News & World Report.