2. Creating a Personal Balance Sheet Purpose: To determine your current financial position. Financial Planning Activities: List
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2. Creating a Personal Balance Sheet Purpose: To determine your current financial position.
Financial Planning Activities: List current values of the assets; list amounts owed for liabilities; subtract total liabilities from total assets to determine net worth. This sheet is also available in an Excel spreadsheet format in Connect Finance.
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What’s Next for Your Personal Financial Plan?
Compare your net worth to previous balance sheets.
Decide how often you will prepare a balance sheet.
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Related Book For 
Focus On Personal Finance
ISBN: 9781259919657
6th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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