Everything you track in Verdly is a holding — a single asset or debt, like a savings account or a credit card. Every holding sits in a category, and every category is either an asset or a debt.

Assets, debts and net worth

Your net worth is simply your assets minus your debts:

Gross worth is the total of everything in your asset categories.
Total debt is the total of everything in your debt categories.
Net worth = gross worth − total debt.

Getting the asset-or-debt type right is what keeps these totals meaningful, so Verdly fixes a category’s type when you create it.

Your starter categories

When you sign up, Verdly seeds a starter set based on your country. Everyone gets Cash, Savings, Crypto, Property and Other as assets, plus Mortgage and Credit Cards as debts. UK accounts also get ISA, Pension, Employer Equity and Student Loan; other countries get locally relevant ones (for example 401(k) and Roth IRA in the US). Rename or remove any you don’t need.

Add and manage categories

Add a category in the snapshot composer or under Settings → Categories: give it a name and choose Asset or Debt. The type can’t be changed afterwards.
Rename a category and every holding inside it comes with it.
Delete only works on an empty category — reassign its holdings to another category of the same type first, then delete.

You can keep up to 50 categories and 100 holdings, with names up to 128 characters.

Best practice

Keep categories broad enough to be useful — group similar holdings rather than making a category per account.
Park one-off items in Other instead of creating a category you’ll use once.
Match each category’s type to reality so your gross-worth and debt totals stay honest.
Each holding records its own currency, so a euro account and a sterling one can live side by side.

Next steps

Record values for your holdings.
Track goals with milestones.