Tracking our networth

Moons ago, I was stumbled upon YouTube channels of people who were transparently sharing their monthly net worth update - listing down all their assets (eg cash, house, shares) less their debts (mortgage, credit card, student loan).

As someone who thinks she is pretty good with money, I never considered tracking my net worth. I kinda know how much I have. 🤔

But it did inspire me to start tracking my networth on a monthly basis and these are insights I’ve gained

1️⃣Because it is written down, hubby and I are in the literal sense on the same page rather than making decisions separately based on what we assumed in our head

2️⃣We discussed the strategies we would focus on due to changes in circumstances e.g. paying down mortgage when the rates are high, decreasing savings rate because we are having another child or increasing investments because we have one less kid in childcare😅

3️⃣It is motivational to see over time our net worth increase and to be honest I also feel increasingly confident at work because of the nest egg we have been building up.

Do you track your networth? What did you learn?

If it is more debt than assets is it still worth tracking?