Personal Financial Statement

A Personal Financial Statement is a document that summarizes an individual’s financial position, including their assets, liabilities, income, and expenses. The statement typically includes a breakdown of the individual’s cash and investment accounts, real estate and personal property, debts and obligations, and any other financial interests or commitments. The statement may also include a budget or cash flow analysis, showing the individual’s expected income and expenses over a given period. The purpose of a Personal Financial Statement is to provide a comprehensive and accurate picture of an individual’s financial health and to help them make informed decisions about their money management and debt relief options.