Determine Your Net Worth Introduction to Personal Finance An Overview for State Family Program Directors, Wing Family Program Coordinators, and Families. Introduction Evaluating Your Situation Budgeting & Debt Management Goals & Plans Insurance & Disability Planning Investment Planning Education Planning Retirement Planning Estate Planning EVALUATING YOUR CURRENT SITUATION 1. Getting Started 1.1 Determine Your Net Worth 1.2 Determine Your Net Income 1.3 Military Pay and Your Leave and Earnings Statement (LES) 1.4 Veterans Eligibility and Benefits 1.5 Basic Allowance for Housing (BAH) 1.6 Clothing Allowance 1.7 Learning Check 1.1 Determine Your Net Worth What I Own – What I Owe = My Net Worth Net worth is the main measurement of wealth. The most straightforward ways to increase your net worth are: To increase your assets (by investing current assets and accumulating more) or To reduce your debts.