Same as monitoring your cash flows, observing discipline on keeping  your net worth on the right track is very important. Here’s how to manage your net worth with the help of Citibanks’s help guide:

• Your net worth is your total assets minus your total liabilities or debts. List your asset at their current market value and show any related debts under liabilities.

•  It would be best to calculate your net worth once or twice a year, or when making a major financial decision-especially since your investments fluctuate in value.

• It is important for you to know how to value your asset. Engage the services of appraisers and other professionals, or check newspapers for information that can help you value your different assets.

• it is important to have a realistic picture of your financial position so you can start making positive plans for the future.