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Managing Assets

Add and track your assets including bank accounts, investments, and property.

What Are Assets?

Assets are things you own that have monetary value. In BeDebtFree, tracking your assets alongside your debts gives you a complete picture of your financial health.

Types of Assets

Cash & Bank Accounts

  • Checking accounts

  • Savings accounts

  • Money market accounts

  • Certificates of deposit (CDs)

Investments

  • Retirement accounts (401k, IRA, Roth IRA)

  • Brokerage accounts

  • Stocks and bonds

  • Mutual funds and ETFs

Property

  • Primary residence

  • Real estate investments

  • Vehicles

  • Valuable personal property

Other Assets

  • Business ownership

  • Cryptocurrency

  • Collectibles

  • Cash value life insurance

Adding Assets

  1. Navigate to Accounts from your dashboard

  2. Click Add Account and select Asset

  3. Choose the asset type

  4. Enter the asset name and current value

  5. Save the asset

Updating Asset Values

Unlike debts which change with each payment, asset values may fluctuate based on market conditions or appraisals. You can update asset values:

  • Manually by editing the account

  • Automatically via bank connection (for bank and investment accounts)

  • Periodically for property (we recommend quarterly for real estate)

Asset Tracking Best Practices

  • Focus on significant assets that impact your net worth

  • Update investment values at least monthly

  • Be conservative with property estimates

  • Do not track small personal items unless valuable

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