Personal Balance Worksheet

Preparing a Personal Balance Sheet

Taking control of your financial future is a process. And, as with any process, it is important to monitor your progress. One of the best ways for an individual to measure financial progress is to periodically prepare a personal balance sheet. The personal balance sheet worksheet shown below helps segregate investment assets and can be used as a basis for your periodic progress measurements. It is broken into three parts to help you better understand your investments, your total financial picture and your annual progress.

 

 

Personal Balance Sheet – Part One – Investment Assets

Date Prepared ___________

                                                 In Taxable                             In Tax Free Investments or

                                             Investment Accounts                  Retirement Plan Accounts

Category

Cash

Fixed Income

Equity

 

Cash

Fixed Income

Equity

Total

Banks or Credit Unions

 

 

 

 

 

 

 

 

Checking accounts

$

$

$

 

$

$

$

$

Savings accounts

$

$

$

 

$

$

$

$

Certificates

$

$

$

 

$

$

$

$

IRAs

$

$

$

 

$

$

$

$

 

 

 

 

 

 

 

 

 

Insurance Values

 

 

 

 

 

 

 

 

Whole life

$

$

$

 

$

$

$

$

Universal

$

$

$

 

$

$

$

$

Annuities

$

$

$

 

$

$

$

$

 

 

 

 

 

 

 

 

 

Brokerage Accounts

 

 

 

 

 

 

 

 

Money Market Funds

$

$

$

 

$

$

$

$

Stocks

$

$

$

 

$

$

$

$

Bonds

$

$

$

 

$

$

$

$

Mutual Funds

$

$

$

 

$

$

$

$

Unit trusts

$

$

$

 

$

$

$

$

 

 

 

 

 

 

 

 

 

Mutual Funds

$

$

$

 

$

$

$

$

Equity funds

$

$

$

 

$

$

$

$

Taxable bond funds

$

$

$

 

$

$

$

$

Tax free bond funds

$

$

$

 

$

$

$

$

Balanced funds

$

$

$

 

$

$

$

$

Other funds

$

$

$

 

$

$

$

$

 

 

 

 

 

 

 

 

 

Other Investments

$

$

$

 

$

$

$

$

 

 

 

 

 

 

 

 

 

Total Investment Assets

$

$

$

 

$

$

$

$

 

Personal Balance Sheet – Part Two – Total Assets and Liabilities

 

Summary of Investments

From Part One

 

Cash

$

Fixed Income

$

Equities

$

Total Investment Assets

$

 

 

Real Estate

 

Home

$

Vacation Property

$

Rental Property

$

Limited Partnerships

$

Other

$

Total Real Estate

$

 

 

Personal Assets

 

Jewelry

$

Autos

$

Furnishings

$

Antiques

$

Other

$

Total Personal Assets

$

 

 

Other Assets

 

Personal Loans Receivable

$

Business Interests

$

Other

$

Total Other Assets

$

 

 

Total Assets

$

 

 

Liabilities

 

Home Mortgage

$

Home Equity Loans

$

Consumer Loans

$

Credit Card Balances

$

Other Liabilities

$

 

 

Total Liabilities

$

 

 

Net Worth

$

 

Personal Balance Sheet – Part Three – Measuring Your Progress

Year

Investment Assets

Real Estate

Personal Assets

Other Assets

Total Assets

Liabilities

Net Worth

2005

$

$

$

$

$

$

$

2006

$

$

$

$

$

$

$

2007

$

$

$

$

$

$

$

2008

$

$

$

$

$

$

$

2009

$

$

$

$

$

$

$

2010

$

$

$

$

$

$

$

2011

$

$

$

$

$

$

$

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