The personal balance sheet is often the first area looked at when people are applying for a loan or seeking assistance for money problems. It is the window to your financial position. Lenders look at this information and ask themselves how does this balance sheet compare with other people of a similar age or income?

People who are of the savvy personality love to review their financial position and will compare the difference from one year to another. They will review to see if they have increased their wealth from last year and often will have a goal to increase their wealth by a certain figure each year.  

The example balance sheet is just an example, although a pretty healthy one. If you want to review your own financial position go to the spreadsheets section and click on the personal balance sheet. From there just enter your own details and print out.

It is worthwhile doing this each year and reviewing the changes from year to year.

 Example Personal Balance Sheet (25 kB)