Get Clear on Where You Stand Financially
Are You on Track to Achieve Your Financial Goals?
Download our Net Worth & Budget Worksheet to see where your money is working—and where it’s getting stuck.
How to Get the Most Out of This Worksheet
Don’t Round Up on Expenses
The number that surprises most people isn’t the mortgage — it’s everything else. Subscriptions, groceries, dining, travel, home maintenance, one-off purchases. When you add it all up honestly, most people find their real monthly spending is 15–25% higher than their mental estimate. That’s the number you need to plan around.
Include Every Asset Including the Forgotten Ones
Old 401(k)s from previous employers. Equity in property. A savings bond purchased in 1995. It all counts toward your net worth and it all needs to be part of the plan. A common mistake we see at Hoxton PM is planning around the accounts someone remembers rather than everything they actually have.
Update It Once a Year
Net worth is a snapshot, not a permanent number. Markets move. Debt gets paid down. Life changes. Updating this worksheet annually gives you a running record of your financial progress — and helps you catch drift before it becomes a problem. We recommend doing this once a year, ideally before an annual planning meeting with your advisor.
Bring It to Your Planning Conversations
If you work with an advisor at Hoxton PM — or are considering it — this worksheet is one of the most useful things you can bring to a first meeting. It tells us what we’re working with and, more importantly, where we’re trying to go. It cuts through the back-and-forth and gets us to the real conversation faster.
We serve families in Shepherdstown, Hagerstown, Martinsburg, Charles Town, and Winchester who are planning for and living in retirement. If you’d like a fiduciary advisor to review your numbers with you, let’s schedule a complimentary call.
Other worksheets you may find useful: Retirement Readiness Checklist · Personal Risk Management Audit · Tax Strategy Planning Calendar