Tangible assets and equity
Net worth that ignores the house is fiction for most households. The Assets page puts the big things on the books.
What belongs here
The Assets page tracks things you own that are not money: property, vehicles, collectibles, anything with a value worth counting. Each asset carries estimated values recorded over time, updated whenever you have a new number worth writing down, a valuation, a comparable sale, an informed guess revised. The history of those estimates is itself informative; the Tangible Asset Value report plots it.
Linking the loan: real equity
An asset can be linked to the loan account that financed it, and the pairing unlocks the number that matters: the Equity column, asset value minus the loan's outstanding balance. A house worth 400,000 with 250,000 of mortgage left is 150,000 of yours, and as repayments land on the loan account, equity grows without the asset moving. Assets without a linked loan show N/A there, since equity without a liability is just the value.
Each valuation you record with Update Value is kept, one per date, and the latest one is the asset's current value. Enter a value for a date that already has one and the new value replaces it, which is how to correct a mistyped figure.
Estimate boldly, revise often
Where assets count
Asset values flow into your net worth alongside accounts and holdings, which is the point: the full picture, everything owned minus everything owed. For households whose wealth is mostly walls and wheels, this page is what makes the Net Worth Trend mean something.
Assets you owned before you started
Net worth counts an asset from its first recorded value. Add a house you bought ten years ago with only today's valuation and the chart shows it arriving this month. Fill in the acquisition cost and acquisition date as well, and we record the acquisition cost as the asset's value on the day you acquired it, so its history starts there. Today's valuation stays its current value: what you paid is where the line starts, not what the asset is worth now.
For an asset already added, use Update Value to add a value dated the day you acquired it; it accepts any past date. Filling in or changing the acquisition details from Edit Details does the same for you; saving them unchanged does not. Between two recorded values the chart holds the earlier one, so a purchase price and today's value show as a single step; any valuations you have from the years in between make the line follow the real history.
A mortgage added later
What next
Loan mechanics live in the accounts guide and the loan repayments guide; together with assets they form the debt-and-equity half of your balance sheet.