Tracking net worth across family members
A household where one person holds the loans, another holds the gold and a third holds the insurance does not have a net worth problem — it has a visibility problem.
The visibility problem
One person usually knows the whole picture. If that person is unavailable for a month, the rest of the family cannot tell you what is owed, what is owned or when the next premium falls due. That is a risk, not an inconvenience.
Ownership, not just totals
Tag each asset and loan to the member it belongs to. The household total stays correct, the individual detail survives, and questions of succession get much simpler.
Access without chaos
View access for everyone who needs to know, edit access for the one or two who maintain it. Shared visibility with controlled editing beats both a private spreadsheet and a free-for-all.
Where FamTally comes in
FamTally does this for you: every asset and loan in one place, tagged to the family member who holds it, valued at today's figures, with net worth tracked as a running number the whole family can see. Add the AI assistant and you can simply ask what changed and why. Free to use.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
Why does this matter for a family?
Because household money is held across several people and several instruments, and the only way to make a good decision is to see all of it at once.
How often should we review it?
Quarterly for the full picture, monthly for anything market-linked. More often than that is entertainment rather than planning.
Do we need an app for this?
A spreadsheet works if someone maintains it. An app helps when more than one person needs to see it, when live values matter, and when you want the history without keeping it by hand.