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PERSONAL FINANCIAL STATEMENT Last Name First Name Middle Initial Father/Guardian Name Mother/Guardian Name Home Address Employer Parents Annual Income (before taxes) Annual 2015 Estimated 2016 Father
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How to fill out a personal financial statement:

01
Start by gathering all the necessary information and documents, such as bank statements, investment statements, credit card statements, loan statements, tax returns, and any other financial records.
02
Begin filling out the personal information section of the statement, which typically includes your name, address, contact information, and social security number.
03
Provide accurate details about your assets. This includes any real estate properties you own, the value of your investments, cash on hand, vehicles you own, and any other valuable possessions.
04
List your liabilities, which include any outstanding debts or loans you have, such as mortgages, car loans, student loans, credit card debts, and personal loans. Be sure to include the balances, interest rates, and monthly payments.
05
Calculate your net worth by subtracting your total liabilities from your total assets. This will give you a clear picture of your overall financial standing.
06
Finally, provide any additional information requested on the personal financial statement form, such as income details, current employment status, and any other relevant financial information.

Who needs a personal financial statement?

01
Individuals applying for a loan or mortgage may be required to provide a personal financial statement to the lender. This helps the lender assess the applicant's financial stability and ability to repay the loan.
02
Entrepreneurs looking to secure funding for their business may also need to present a personal financial statement to potential investors or lenders. This statement helps them evaluate the individual's financial position and credibility.
03
Individuals who are planning for major life events, such as retirement or estate planning, may need a personal financial statement to better understand their current financial situation and make informed decisions about their future.
04
Professionals in certain industries, such as accounting or financial planning, may need a personal financial statement as part of their job requirements or to comply with regulatory standards.
Remember, it is important to fill out a personal financial statement accurately and honestly to provide an accurate reflection of your financial status.
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A personal financial statement is a document that outlines an individual's financial position at a specific point in time.
Individuals who are applying for loans, mortgages, or other forms of credit may be required to file a personal financial statement.
To fill out a personal financial statement, individuals typically list their assets, liabilities, income, and expenses.
The purpose of a personal financial statement is to provide a snapshot of an individual's financial situation, including their assets, liabilities, and net worth.
Information that must be reported on a personal financial statement includes assets such as cash, investments, and real estate, as well as liabilities such as debt and mortgages.
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