Next, you can look at your liabilities, which should be everything you owe.
Here are some common liability categories: The sum of all of the money you owe is your liabilities.
Did you already know the relationship between a cash flow statement and a budget?
It's not that the PFS is going to teach you directly.
You may really love your pet rock, but it's probably not an asset.
Your financial assets are your cash, savings, checking account balances, real estate, pensions, etc. These are values that come from the Details worksheet.This personal financial statement template is a great tool to keep track your personal assets, liabilities, income and expenses.This is what the personal financial statement template looks like: Enter your name and email in the form below and download the free template now!You’ll need your latest bank statements, as well as the principal balance of any loans you have.Once you have all of that information available, start developing your balance sheet by listing all of your assets (financial and tangible assets) with the values.The sum of all of those values is the total value of your assets.Your goal should be to continually increase your assets.If you already know why you need one, and why you want to use Excel to create one, then go ahead and download the template below.If you'd like to learn more about it, continue reading this page.If you have already created and follow a budget, your PFS is basically half done.A personal cash flow statement is almost exactly the same thing as a budget, except that a budget is a plan or projection, and your cash flow statement lists your actual earnings and expenses.