When to use Personal Financial Statement -Married
Keeping one’s finances organized is not an easy task. It is not an easy task if you are married and it is not an easy task if you are single. Not so very long ago, most American adults had a single bank account. Any financing needs, purchase of securities and savings schemes were coordinated with the household’s chosen bank. Nowadays, Americans tend to have incredibly complex financial lives. From student loans and mortgage payments, employee-sponsored retirement accounts to college savings programs, stocks, bonds, digital assets and complex investment enterprises, not to mention small business funds and insurance premiums, American adults have an extraordinary amount of financial information to keep straight at any given time. They also tend to work simultaneously with multiple institutions invested in their financial lives. If you are managing a complex financial portfolio and you need to give a potential creditor, homeowner or business lender a clear snapshot of your situation, you can use this customizable personal financial statement worksheet in order to prepare your presentation.
Working through this resource will help you to prepare a clear, informative formal statement concerning your finances. You can then use this statement when attempting to secure necessary personal financing or financing for a business. Alternatively, if you are thinking about working with a financial advisor and want to give that professional a strong sense of your financial reality, you can use this statement during your initial consultation as well. It never hurts to have a clear understanding of your financial situation. Using this document will help you to achieve that. Make sure to keep a copy for your records so that you can reference it easily and compare it with future financial statements.
Personal Financial Statement
Joint Financial Statement