Guide · Other assets
Valuing possessions
Value possessions at what you could realistically sell them for, not what you paid.
Cars and most goods lose value. Art, jewellery and collectibles may need a valuation.
Gaining or losing value each year
Each asset has one yearly change: a negative figure for depreciation, a positive one for appreciation, or 0% to keep its value the same. Not every asset loses value.
This is an estimate of market value, what you could sell it for. It isn’t accounting depreciation, which writes an item down for tax or business records whatever its sale price.
Today’s money and future money
Values are projected and shown in future pounds using your yearly change. When you explore a future year, a smaller line may also show “About £X in today’s money”: that only divides by inflation for display, once. It never changes the assumptions you entered.
Explore in your plan
Related guides
FLYNQD provides planning illustrations and general information, not personalised financial advice. Forecasts depend on the figures and assumptions used.