Net Worth
Everything you own minus everything you owe.
Net worth is a single snapshot of financial health: add up your assets, subtract your debts, and you have it. For a kid, it's a friendly scoreboard — the goal isn't to compare with anyone else, just to watch their own number grow over the years as they save and invest.
Explain it to your kid
"Everything you own minus everything you owe."
Related words
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Try MemoryBank free →A new money word every week
MemoryBank's Weekly Recap teaches your kid one money word at a time, tied to what their own account actually did that week.
MemoryBank is a display and education tool, not a financial advisor. Nothing here is investment, tax, or legal advice.