Developing Personal Financial Statements Purpose Banks require individuals to develop personal financial statements whenever a mortgage or loan is requested. Managing your personal finances is important before and after you begin working full-time. This exercise gives you a heads up on the process of developing an income statement and balance sheet for yourself.

Instructions

Step 1- Develop an income statement and balance sheet for yourself using the free Excel template at www.strategyclub.com. ( https://www.strategyclub.com/template-17-0/ ) Follow the steps outlined in this chapter.

Step 2-Determine your net worth = your total assets minus your total liabilities.

Step 3- Explain why managing personal finances is important to enhance your employability.

PLEASE INCLUDE EXCEL TEMPLATE (it can be Microsoft excel also)

thank you for the help

will not use work as own