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What does a personal financial statement include?

A personal financial statement is a snapshot of your personal financial position at a specific point in time. It lists your assets (what you own), your liabilities (what you owe), and your net worth. To get your net worth, subtract liabilities from assets.

How do you write a personal financial statement?

To create a personal financial statement, follow these simple steps: Create a spreadsheet that has a section for assets and one for liabilities. ... List your assets and their worth. ... List every liability as well as its worth. ... Determine the total of both assets and liabilities. ... Determine your net worth.

What are the two main types of personal financial statements?

There are two types of personal financial statements: The personal cash flow statement. The personal balance sheet.

What is a voluntary statement form?

A voluntary statement is a deliberate or spontaneous statement. \u201cA statement, to be voluntary, must proceed from the spontaneous suggestion of a party's own mind, free from the influence of any extraneous, disturbing cause\u201d.

What is a personal financial statement template?

A personal financial statement template is a spreadsheet that summarises an individual's financial situation over a specified time period.

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What is a statement form?

A statement form (or propositional form, or logical form) is an expression made up of statement variables, called compo- nent statements, (such as p, q, and r), and logical connectives (such as \u223c, \u2228 and \u2227) that becomes a statement when actual statements are substituted for the component statement variables.

What is a financial template?

A financial template is a great resource to generate a monthly budget, track spending, and manage your debt. Try a financial template calculator in Excel to help pay off a car loan, student loan, or credit card balance.

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