Essential Money Numbers

There are essential money numbers everyone should know, to give you a great picture of your financial health, and help you understand your finances.

1. Net worth: Add up the value of everything you own and subtract everything you owe. Assets minus liabilities.
2. Home equity: The current value of your home minus the balance on your mortgage.
3. Gross Income: Your total income before taxes and withholdings, including insurances.
4. Net Income: How much you are left with after deducting the taxes and withholdings.