Get the free Personal Financial Statement

This document is a structured form designed for individuals to disclose their financial situation, including assets, liabilities, income, and expenses, which may be used by lenders for credit assessment.

How to fill out personal financial statement

How to fill out Personal Financial Statement

1. Gather your personal information including name, address, and contact details.
2. List your assets including cash, bank accounts, investments, real estate, and personal property.
3. Document your liabilities such as loans, credit card debts, and any other obligations.
4. Calculate your net worth by subtracting total liabilities from total assets.
5. Include income details such as salary, bonuses, and other sources of income.
6. Summarize your monthly expenses including fixed and variable costs.
7. Review and ensure all information is accurate and complete.
8. Sign and date the Personal Financial Statement.

Who needs Personal Financial Statement?

1. Individuals applying for loans or mortgages.
2. Business owners seeking financing.
3. Financial advisors preparing a comprehensive financial plan.
4. Legal professionals during divorce or estate planning.
5. Individuals assessing their financial health for personal purposes.

People Also Ask about

What are the 5 basic financial statements?

noun. : a statement that contains information about a security interest in collateral used to secure a debt and that is filed to provide notice to other creditors of the security interest see also perfect sense b, Uniform Commercial Code compare financial statement.

What is financial statement in English?

What are financial statements? Financial statements are written records that illustrates the business activities and the financial performance of a company. In most cases they are audited to ensure accuracy for tax, financing, or investing purposes.

How do you write a personal financial statement?

List your assets: Identify and value all your assets using current market values for investments and real estate. List your liabilities: Include all your debts, noting the remaining balances and interest rates. Calculate your net worth: Subtract your total liabilities from your assets to determine your net worth.

For pdfFiller’s FAQs

What is Personal Financial Statement?

A Personal Financial Statement is a document that provides a summary of an individual's financial standing, including assets, liabilities, income, and expenses.

Who is required to file Personal Financial Statement?

Individuals such as business owners, those seeking loans, and certain employees in finance or public service roles may be required to file a Personal Financial Statement.

How to fill out Personal Financial Statement?

To fill out a Personal Financial Statement, gather information on your assets and liabilities, list them in the appropriate sections, and provide supporting details such as income sources and expenses.

What is the purpose of Personal Financial Statement?

The purpose of a Personal Financial Statement is to provide a snapshot of one's financial position, assess personal wealth, and facilitate loan applications or financial planning.

What information must be reported on Personal Financial Statement?

Information that must be reported includes personal information, assets (like property and investments), liabilities (like loans and credit card debt), income sources, and monthly expenses.