Assets vs Liabilities
What you own on one side, what you owe on the other, and net worth as the difference.
Assets are the things that carry value to you: cash, brokerage and retirement balances, a home, a car. Liabilities are the claims other people hold against you: mortgage, student loans, auto financing, revolving card balances.
What separates one debt from another is not its size but what sits behind it. A mortgage funds an asset that appears on the other side of the same ledger. Education funds future earnings that never appear on a balance sheet at all. A revolving balance funds consumption that was already gone by the time the statement arrived.
Promi reads both sides from linked accounts and takes the rest from your questionnaire answers, which is how holdings that no bank reports, a house most often, get counted at all. Those valuations are estimates you control rather than a live feed.
Worked through
Assets
- Cash $30k
- 401(k) $120k
- Home $350k
- Car $20k
Total $520k
Liabilities
- Mortgage $200k
- Student $40k
- Car Loan $15k
- CC Debt $3k
Total $258k
Where this lives in Promi
Accounts page. Asset and liability totals, with the debt-to-asset ratio alongside.
See your own assets vs liabilities
Promi computes this from your linked accounts, with the definition one click from the number.
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