As you view our financial statement example below, read the titles next to the red arrows carefully. Although there are many free personal financial statement tools available online, the vast majority of these tools do not provide you with a "clear one-page snap-shot" of your finances.
Your personal finances are important for a happy and healthy life. As a result, you must stay on top of all financial issues as they arise.
Without a solid action plan for how to get out of debt and how to stay out of debt, you may quickly become a part of the tragic debt statistics in America, and around the world. Don't allow that to happen!
The above financial statement example provides our readers with a high-quality financial tool that enables you to quickly create a complete personal financial review of your entire financial situation.
Understand this... a personal financial statement depicts only a "snap-shot in time". Meaning that the information is only accurate on the date that you complete the form. The very next day, perhaps within the next hour, after completing the form - values change, balances go up and down, variable rate credit accounts are adjusted, interest accrues, fees are charges - all sorts of things happen that positively or negatively impact your financial numbers.
With so many moving parts, it's no wonder most people have a hard time managing their personal finances. You can see from the financial statement example above, our form allows you to keep track of all your most important savings and credit information on a single page document.
Consider these valuable benefits:
- One Page Snap-shot - list key financial data for the form to quickly calculate (Assets - Liabilities = Net Worth; Net Income - Expenses = Discretionary Income, and more.)
- ID Theft Protection - our form provides a quick-reference tool to call all your financial contacts, including banks and creditors, if you ever become a victim of ID theft. By quickly closing your accounts and reporting the crime you can minimize any damage to your credit report or credit score.
- Save Time - by having immediate access to all your financial data, the next time you apply for a loan it will be a snap! No more major research to gather all the financial information. Everything is on this one worksheet. All you'll have to do is call for the current balances to update your personal financial statement.
- Less Stress - you will definitely sleep better at night knowing your financial status to the penny. Even if you have major debt issues, at least there's no more guessing about what you need to do. Completing a personal financial statement will quickly highlight the problem areas that need to be addressed so you can get yourself on a proven debt reduction program.
- Improve Self-Esteem - by taking ownership of your financial life you'll begin to improve your self image. Most people who are drowning in debt could not tell you the balance of their checking account, let alone their total net worth. When we begin to act like a grown-up when it comes to financial matters, we begin to feel empowered to tackle almost anything in life.
It's time to do more than just look at a financial statement example - it's now time for you to begin the process of taking full and complete ownership of your financial life.
Take charge! Name the problem(s), so you can re-claim your financial life!
Best of all, once you complete our personal financial statement, you will then have the personal finance education you need to create a powerful budget plan for eliminate your debt so you can begin the glorious process of building wealth.
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Debt is NOT your friend. It's not a wonderful "tool" for building wealth. That's a myth.
