All About the Personal Financial Statement

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That’s where a personal financial statement comes in.

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At its core, a personal financial statement offers an overview of where you stand financially at any point in time.

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Why You Need a Personal Financial Statement

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Take out a loan

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and your assets are greater than your liabilities.

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How a Personal Financial Statement Can Change Your Money Habits

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A high, positive net worth, for example, may mean that you’re closer to your dream of:

[{"selector":"#anim-ab5ad4e6-3ec7-4aa8-8abf-f8cba8be455d","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7abd3759-09d3-499a-8364-fd420fb10886","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ddbfbc03-7fec-40fd-b918-94cf03f04b2f","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6b85165c-450d-4066-9be2-5ad2e408d510","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b66cefe9-603b-41b3-9ccc-f810b646ef17","keyframes":{"opacity":[0,1]},"delay":1500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2de77bb2-7ace-436a-bd02-9f263b28e777","keyframes":{"transform":["translate3d(0px, 395.77190%, 0)","translate3d(0px, 0px, 0)"]},"delay":1500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab46c64f-2f21-42de-93df-05403a7b58e3","keyframes":{"opacity":[0,1]},"delay":1500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b3dcb0d9-3eec-48ae-841a-dc39f1db0a01","keyframes":{"transform":["translate3d(0px, 499.10603%, 0)","translate3d(0px, 0px, 0)"]},"delay":1500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6463a7f8-41a7-492e-ad5e-32c5aadd6b18","keyframes":{"opacity":[0,1]},"delay":2500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5826c385-7a3d-4746-868b-d843db4dc748","keyframes":{"transform":["translate3d(0px, 448.20044%, 0)","translate3d(0px, 0px, 0)"]},"delay":2500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05458051-f8e9-4d0a-b2f2-82a7766f0df0","keyframes":{"opacity":[0,1]},"delay":2500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cfff4b07-5a0e-42c5-8df8-aff5e27eb40b","keyframes":{"transform":["translate3d(0px, 626.98429%, 0)","translate3d(0px, 0px, 0)"]},"delay":2500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0e16a7c1-43c2-48f6-b0d8-f521cbfec507","keyframes":{"opacity":[0,1]},"delay":3500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-860afcd1-28e5-44d8-9086-194b3e00518a","keyframes":{"transform":["translate3d(0px, 212.24281%, 0)","translate3d(0px, 0px, 0)"]},"delay":3500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-10fcee1f-c437-43c9-8448-f8dab6541626","keyframes":{"opacity":[0,1]},"delay":3500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4afc3740-b194-4a88-af54-b75287016e76","keyframes":{"transform":["translate3d(0px, 250.83014%, 0)","translate3d(0px, 0px, 0)"]},"delay":3500,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

Swipe up to Continue Reading!

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Visit WealthyNickel.com to learn how to save money and invest!

[{"selector":"#anim-5006a58a-6dbc-46a2-be85-3c230ad14278","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c44a144b-9469-484c-b355-69142cd8c721","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-70811093-4f58-432c-8e03-caa8bd220c28","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.3)","offset":0.33},{"transform":"scale(0.97)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":2200,"duration":1000,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-599792d8-1866-415c-b820-0a35c6bc495a","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.3)","offset":0.33},{"transform":"scale(0.97)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":2200,"duration":1000,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-58320674-00ef-4836-a358-72661e71d0d6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1205be44-2180-439c-8c9d-116ee49e051e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8eb88f5c-65bb-4374-84c7-d73843652a76","keyframes":{"transform":["translate3d(-129.19708%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1500,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7e422fc-7a49-4a8c-be89-06c19a4f771b","keyframes":{"opacity":[0,1]},"delay":1500,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b12fd8f-7465-4d7c-8447-a8963db40d11","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":1500,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b32436d7-1d3f-400f-a567-6a3098fca276","keyframes":{"transform":["translate3d(-194.65242%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1400,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5f2dde8-277d-48f9-b177-7b673cc5133d","keyframes":{"opacity":[0,1]},"delay":1400,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d360592-1d52-4330-9f63-b9fea7b7338c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":1400,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-1e3f8bbf-5600-4a69-978f-7ecc1006d55b","keyframes":{"transform":["translate3d(193.75000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-482f01d7-9257-4b2e-b231-d94037219ffe","keyframes":{"opacity":[0,1]},"delay":1800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4e1c9669-cbf0-4ac3-94fb-ba57c11860df","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":1800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-eaf6e633-b97e-4184-a572-b3347cfc52ca","keyframes":{"transform":["translate3d(126.27736%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-07174ba1-338e-4270-9c36-565f24a2c285","keyframes":{"opacity":[0,1]},"delay":1800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65ee79c8-0685-4cfc-943c-effccdef7c1c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":1800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

All About the Personal Financial Statement

That’s where a personal financial statement comes in.

By keeping tabs on your finances, you can create a secure and fulfilling future.

At its core, a personal financial statement offers an overview of where you stand financially at any point in time.

It can help you succeed in various aspects of your life.

Why You Need a Personal Financial Statement

There are several reasons you may want to create a personal financial statement. It can help you if you’d like to:

Take out a loan

Apply for financial aid

Make a guarantee

Design financial plans

Lease a commercial office

and your assets are greater than your liabilities.

Ideally, your personal financial statement will show that you have a positive net worth,

How a Personal Financial Statement Can Change Your Money Habits

When you see your net worth, you’ll realize that many of your previous and future behaviors affect that figure.

A high, positive net worth, for example, may mean that you’re closer to your dream of:

Buying a dream home

Retiring early

Working part-time instead of full-time

Swipe up to Continue Reading!

Visit WealthyNickel.com to learn how to save money and invest!

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