800.382.1040

RMS Accounting

800.382.1040

Personal Balance Sheet

Personal balance sheet for _________________________________ Date______________

 

List what you own and what you owe to find your current net worth.

 

Review the actual documents for the specific assets and accurately record account numbers, identification, and dollar amounts. It’s very easy to forget details about assets and to list misleading information.

 

Reviewing such documents from time to time is a good way to be informed of your financial situation and to become aware of needed changes that might otherwise be overlooked.

After you’ve completed this balance sheet, ask yourself where you want to be three years, five years, and ten years from now in terms of your net worth. You might do this by making several copies of the blank balance sheet and filling in projected numbers for three years, five years, and ten years hence.

 

Do a balance sheet like this every year in order to chart the progress you’re making in increasing your net worth.

 

With this balance sheet, you’ve taken an important step in your financial planning. Bring this form - in whatever stage of completion– to our office so that we can discuss it.

Take control of your financial life—one step at a time.