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Personal Financial Statement Template

Simplify your finances with our easy-to-use personal financial statement template.

How to Create a Personal Financial Statement

  1. List Your Assets

    • Include cash, savings, investments, property, and valuables.
  2. Detail Your Liabilities

    • Document all debts such as loans, credit cards, and mortgages.
  3. Calculate Net Worth

    • Subtract total liabilities from total assets.
  4. Track Income and Expenses

    • Record your sources of income and regular expenses.
  5. Review and Update Regularly

    • Keep your statement current to accurately reflect your financial situation.

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Snapshot of Financial Health

Date: {Date}

Name: {Your Name}


Assets

  • Cash: {Amount}
  • Savings: {Amount}
  • Investments: {Amount}
  • Property: {Description and Value}
  • Valuables: {Description and Value}

Liabilities

  • Loans: {Description and Amount}
  • Credit Cards: {Description and Amount}
  • Mortgages: {Description and Amount}

Net Worth

  • Total Assets: {Total Assets}
  • Total Liabilities: {Total Liabilities}
  • Net Worth: {Net Worth}

Income

  • Source 1: {Description and Amount}
  • Source 2: {Description and Amount}

Expenses

  • Expense 1: {Description and Amount}
  • Expense 2: {Description and Amount}

Review Date: {Next Review Date}

Your Financial Overview

Prepared by: {Your Name}

Date: {Date}


Asset Details

  • Cash on Hand: {Amount}
  • Bank Accounts: {Amount}
  • Investments: {Amount}
  • Real Estate: {Description and Value}
  • Personal Property: {Description and Value}

Liability Details

  • Personal Loans: {Description and Amount}
  • Credit Card Balances: {Description and Amount}
  • Mortgage Balances: {Description and Amount}

Financial Summary

  • Total Assets: {Total Assets}
  • Total Liabilities: {Total Liabilities}
  • Net Worth: {Net Worth}

Income Sources

  • Job Income: {Amount}
  • Other Income: {Description and Amount}

Regular Expenses

  • Housing: {Amount}
  • Utilities: {Amount}
  • Other Expenses: {Description and Amount}

Next Update: {Next Update Date}

Personal Finance Summary

Name: {Your Name}

Date: {Date}


Assets

  • Cash: {Amount}
  • Savings Accounts: {Amount}
  • Investment Accounts: {Amount}
  • Real Estate: {Description and Value}
  • Other Assets: {Description and Value}

Liabilities

  • Student Loans: {Description and Amount}
  • Credit Card Debt: {Description and Amount}
  • Mortgage: {Description and Amount}

Net Worth Calculation

  • Total Assets: {Total Assets}
  • Total Liabilities: {Total Liabilities}
  • Net Worth: {Net Worth}

Income

  • Primary Income: {Amount}
  • Secondary Income: {Description and Amount}

Expenses

  • Monthly Bills: {Description and Amount}
  • Other Expenses: {Description and Amount}

Review Date: {Next Review Date}

Financial Position Statement

Date: {Date}

Prepared for: {Your Name}


Asset Breakdown

  • Cash: {Amount}
  • Checking Accounts: {Amount}
  • Investments: {Amount}
  • Property: {Description and Value}
  • Other Valuables: {Description and Value}

Liability Breakdown

  • Car Loans: {Description and Amount}
  • Credit Cards: {Description and Amount}
  • Home Loans: {Description and Amount}

Net Worth Overview

  • Total Assets: {Total Assets}
  • Total Liabilities: {Total Liabilities}
  • Net Worth: {Net Worth}

Income Details

  • Salary: {Amount}
  • Additional Income: {Description and Amount}

Expense Details

  • Rent/Mortgage: {Amount}
  • Utilities: {Amount}
  • Miscellaneous: {Description and Amount}

Next Review: {Next Review Date}

Comprehensive Financial Snapshot

Name: {Your Name}

Date: {Date}


Assets Overview

  • Cash: {Amount}
  • Savings: {Amount}
  • Stocks/Bonds: {Amount}
  • Real Estate: {Description and Value}
  • Other Assets: {Description and Value}

Liabilities Overview

  • Personal Loans: {Description and Amount}
  • Credit Card Debt: {Description and Amount}
  • Mortgage: {Description and Amount}

Net Worth Summary

  • Total Assets: {Total Assets}
  • Total Liabilities: {Total Liabilities}
  • Net Worth: {Net Worth}

Income Breakdown

  • Main Income: {Amount}
  • Side Income: {Description and Amount}

Expense Breakdown

  • Living Expenses: {Description and Amount}
  • Other Expenses: {Description and Amount}

Next Update: {Next Update Date}

FAQ

Frequently asked questions

What is a personal financial statement?

A personal financial statement is a document that outlines your financial position at a specific point in time. It includes details about your assets, liabilities, income, and expenses, giving you a clear picture of your financial health.

Why is a personal financial statement important?

A personal financial statement is crucial for understanding your financial health, planning for the future, and making informed financial decisions. It can also be required when applying for loans or financial aid.

How often should I update my personal financial statement?

It's a good practice to update your personal financial statement at least once a year or whenever there are significant changes in your financial situation, such as buying a house, changing jobs, or receiving an inheritance.

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Power Up Your Digital Note Taking

Whether you’re offline, online, or on the go—capture your best thoughts in a single place