What Is a Personal Financial Statement Template?

A personal financial statement template is a pre-formatted document—usually in Excel, Google Sheets, or PDF—that summarizes an individual’s financial position. It lists your assets, liabilities, income, and net worth in a clear, standardized layout. Lenders, financial advisors, and CPAs commonly use these templates to evaluate someone’s ability to repay loans, plan investments, or prepare financial disclosures.

The template provides a structured way to calculate net worth, review financial health, and track changes over time without having to build the statement from scratch.

What Does a Personal Financial Statement Template Include?

A strong template contains the core sections needed to assess financial strength:

1. Assets

This section lists everything you own that has value, such as:

• Cash and bank accounts
• Investments (stocks, bonds, mutual funds)
• Retirement accounts
• Real estate
• Vehicles and personal property

Templates automatically total your assets so you can track how your wealth grows.

2. Liabilities

Liabilities show what you owe. Common items include:

• Mortgage balances
• Credit card debt
• Student loans
• Auto loans
• Personal loans

The template calculates total liabilities and links them to your net-worth calculation.

3. Net Worth Summary

Most templates include a simple formula: Net Worth = Total Assets – Total Liabilities

This gives a clear snapshot of your financial standing.

4. Income and Expense Overview (Optional)

Some templates include monthly or annual income and expenses to help you evaluate cash flow, which is valuable for loan applications or financial planning.

Why Do People Use a Personal Financial Statement Template?

There are several reasons individuals rely on these templates:

• Loan applications: Banks and lenders often require a personal financial statement when applying for mortgages, business loans, or lines of credit.
• Investment planning: It helps financial advisors evaluate your goals and risk tolerance.
• Net worth tracking: A template makes it simple to update your financial snapshot annually.
• Organization: It consolidates your financial information in one place.

Should You Use a Pre-Made Template or Create Your Own?

Pre-made templates are best for convenience and standardized formatting, while custom templates work well for individuals with complex assets such as multiple properties, business ownership, or investment portfolios.

Need a Customized Personal Financial Statement Template?

If you need a bank-ready or CPA-reviewed personal financial statement, Dimov Audit can create a tailored template based on your financial profile.

Contact us today for personalized support.

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