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Editing or Updating Asset Values in PocketPlan
Keeping your asset values up to date in PocketPlan is essential for maintaining an accurate Net Worth Statement. Assets such as real estate, vehicles, or other manually added items can change in value over time, and updating them ensures your financial picture always reflects reality.
This guide explains how to update asset values in PocketPlan quickly and easily.
Step-by-Step: How to Update Asset Values in PocketPlan
1. Navigate to Financial Info
From your PocketPlan dashboard, click on the Financial Info tile to view all your connected and manual accounts.
2. Find the Manual Asset
Scroll through your asset list to locate the specific item you want to update, such as:
Property or land
Vehicle
Other manually added assets
3. Edit the Asset
Select the asset to open its details, then click Edit or Update.
4. Change the Market Value
Update the market value field with the asset’s current value based on recent appraisals, market trends, or estimates.
5. Save Your Changes
Click Save or Update. Your Net Worth Statement will automatically recalculate using the new value.
Why Updating Asset Values Matters
✔ Accurate Net Worth Tracking
Regular updates ensure your net worth reflects your true financial position at all times.
✔ Better Financial Planning
Accurate asset values help you make informed decisions about budgeting, investing, and long-term goals.
✔ Real-Time Financial Insights
Keeping assets updated allows PocketPlan to provide clearer insights into your overall financial health.
