A personal financial statement is a snapshot of what you own and what you owe on one date. Lenders ask for it and it is also a useful way to see where you stand. Our free personal financial statement template follows these steps.
Updated November 2026
Step 1: List assets
Write everything you own at its current value: cash, savings, investments, retirement accounts, your home, vehicles, personal property and other assets. In the example these total $417,000, of which the home is $285,000.
Step 2: List liabilities
Write every debt at the balance owed today: mortgage, car loan, student loans, credit cards and other debts. The example total is $214,100.
Step 3: Work out net worth
417,000 – 214,100 = $202,900. In Excel: =B14-D14.
Step 4: Add two ratios
The debt-to-asset ratio is liabilities divided by assets: 214,100 / 417,000 = 51.3 percent. Liquid assets are cash and savings: $24,500. Divide by monthly expenses ($47,800 / 12 = $3,983) to see how many months they cover: about 6.2.
Step 5: Add income and expenses
Many lenders also want a yearly view. Income of $84,900 less expenses of $47,800 gives a surplus of $37,100. The savings rate is surplus divided by income: 43.7 percent.
Making it reliable
- Use dated statements for balances.
- Use a realistic market value for property.
- Do not leave out small debts.
- Sign and date the form if the lender asks.
These are illustrations to help you plan, not financial, legal or tax advice.
Frequently asked questions
What is a personal financial statement?
A list of your assets, liabilities and net worth on a given date.
How do I calculate net worth?
Subtract total liabilities from total assets.
Why do lenders ask for it?
To see what you own and owe before they decide on a loan.
Is there a template?
Yes. The personal financial statement template on this site has the formulas.
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