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PERSONAL FINANCIAL STATEMENT Date: Submitted to: pH: 417.753.2836 Fax: 417.753.3005 www.cbofr.com 1001 W. Center St. PO Box 50 Ayersville, MO 65742 IMPORTANT: Read these directions before completing

How to fill out bpersonal financial statementb

How to fill out a personal financial statement:

1. Begin by gathering all necessary financial documents and information, such as bank statements, investment statements, loan statements, credit card bills, and income statements.
2. Start by filling out the personal information section of the form, including your name, address, social security number, and contact details.
3. Move on to the assets section and list all of your assets, including cash, bank accounts, investments, real estate, vehicles, and any other valuable possessions you own.
4. Provide accurate values for each asset, ensuring to include any outstanding loan balances associated with them.
5. Proceed to the liabilities section and disclose all of your outstanding debts, such as mortgages, car loans, student loans, credit card debt, and any other loans or lines of credit you may have.
6. Specify both the outstanding balance and the monthly payment for each liability.
7. Calculate your net worth by subtracting your total liabilities from your total assets.
8. After completing the balance sheet section, move on to the income statement section.
9. Document your sources of income, including wages, salaries, self-employment income, rental income, investment income, and any other sources of revenue.
10. Provide accurate figures for each income source, taking into account taxes and deductions.
11. Finally, calculate your total income by adding up all sources of revenue.
12. Sign and date the personal financial statement to certify its accuracy.

Who needs a personal financial statement?

1. Individuals applying for loans or mortgages may be required to provide a personal financial statement to the lending institution.
2. Small business owners may need a personal financial statement when applying for business loans or seeking investors.
3. Investors or potential partners may request a personal financial statement from individuals before considering any investments or partnerships.
4. Some employers or organizations may ask for a personal financial statement as part of a background check or for certain job positions that handle finances.
5. Individuals who want to track their financial progress or plan for future goals can also benefit from creating a personal financial statement.

For pdfFiller’s FAQs

What is personal financial statement?

A personal financial statement is a document that outlines an individual's financial position at a specific point in time.

Who is required to file personal financial statement?

Individuals who are applying for a loan, mortgage, or other forms of credit may be required to submit a personal financial statement.

How to fill out personal financial statement?

To fill out a personal financial statement, individuals must list their assets, liabilities, income, and expenses.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to provide a snapshot of an individual's financial health and help lenders assess creditworthiness.

What information must be reported on personal financial statement?

Information such as assets, liabilities, income, expenses, and net worth must be reported on a personal financial statement.

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