Track Your August Operating Funds with Our Personal Financial Statement Template

Want to take control of your personal finances? Start by using our free Personal Financial Statement Template, available for operating systems like Microsoft and Google G Suite. By creating a personal financial statement, you can track your income and expenses, manage your cash flow, and get a clear picture of your overall financial health.

What is a Personal Financial Statement?

A personal financial statement is a document that provides a summary of your current financial status. It includes details on your assets (such as savings, investments, and property) and liabilities (such as debts and loans). The statement helps you to understand your cash inflows and outflows, manage your debt, and plan for the future.

What Information is Included in a Personal Financial Statement?

A typical personal financial statement includes the following information:

• Name and Date: The name of the person creating the statement, as well as the date it was prepared.
• Assets: An inventory of all the assets you own, including cash, bank accounts, investments, real estate, vehicles, and other property. You'll want to provide details such as the name of the asset, its market value, and any outstanding loans secured by it.
• Liabilities: A list of all outstanding debts and obligations, including credit card balances, mortgage payments, auto loans, student loans, and other outstanding loans or payments.
• Net Worth: The difference between your total assets and total liabilities is your net worth. This is a useful indicator of your overall financial health, as it shows how much you would have left if you sold all your assets and paid off your debts.
• Cash Flow: This section includes your income and expenses, broken down by category. It helps you to understand how much money you have coming in and going out each month, so you can plan accordingly.

How to Use Our Personal Financial Statement Template

Our Personal Financial Statement Template is easy to use and comes in DOCX format for easy download. Here's how to get started:

1. Download the template from BizzLibrary.com
2. Enter your name, the date, and other relevant details.
3. List all your assets in the appropriate section, including name, value, and any outstanding debts.
4. List all your liabilities in the appropriate section, including name, monthly payment, interest rate, and balance.
5. Calculate your net worth and include it in the statement.
6. Fill in your cash flow by listing your sources of income and types of expenses.
7. Review and update your financial statement regularly to stay on top of changes in your financial situation.

Take Control of Your Finances Today

Download our Personal Financial Statement Template for free and start managing your finances like a pro. Use it to create an accurate and up-to-date picture of your financial situation, so you can make informed decisions about your future. At BizzLibrary.com, we offer a wide range of financial and business templates, including reports, agreements, and more.

Visit our website today and download the tools you need to succeed!