Skip links

Personal Financial Statement Template

A personal financial statement template is a financial document that outlines a person’s financial information, including their assets, liabilities, and income. It can be used to track and manage personal finances and apply for loans or other financial assistance. The template typically includes sections for listing income, assets, and liabilities and an area for calculating net worth. Some templates may also have sections for budgeting and forecasting future financial performance. It’s important to note that personal financial statement templates can vary depending on the purpose or requirements of the specific lender or institution.

How to Fill Out A Personal Financial Statement Template?

A personal financial statement template is a template document that provides a standardized format for an individual to list their financial information. It typically includes sections for personal information, income, assets, liabilities, and net worth.

Download a copy Personal Financial Statement Template:

Personal Financial Statement Template Excel

Here is an example of a basic personal financial statement template:

Personal Information:

  • Name
  • Address
  • Phone Number
  • Email
  • Occupation


  • Salary/Wages
  • Other Income (e.g., rental income, investments)
  • Total Income

Personal Assets:

  • Cash and Savings
  • Checking and Money Market Accounts
  • Stocks and Bonds
  • Real Estate (include value and mortgage amount)
  • Vehicles (have value and loan amount)
  • Other Assets (e.g., jewelry, collectibles)
  • Total Assets

Personal Liabilities:

  • Credit Card Debt
  • Auto Loans
  • Student Loans
  • Mortgage(s)
  • Other Liabilities
  • Total Liabilities

Net Worth:

  • Total Assets – Total Liabilities = Net Worth

Please note that this is a simplified version of a personal financial statement, and depending on the statement’s purpose, the template and the information required may vary.

Create Your Own Excel Personal Financial Statement Template

Creating a personal financial statement (PFS) in Excel is a simple and easy process that can be done using a spreadsheet program like Microsoft Excel. Here is an easy step-by-step guide on how to create a PFS in Excel:

  1. Open Microsoft Excel and create a new workbook.
  2. Create a new sheet in the workbook and name it “PFS”.
  3. Create the following columns in the sheet: “Description”, “Assets”, “Liabilities”, and “Net Worth”.
  4. In the “Description” column, list the items you want to include in your PFS, such as “Cash and Savings”, “Stocks and Bonds”, “Real Estate”, “Vehicles”, “Credit Card Debt”, “Auto Loans”, “Mortgage”, etc.
  5. In the “Assets” column, enter the values for each item in the “Description” column. For example, if “Cash and Savings” are listed in the “Description” column, enter the value for your cash and savings in the corresponding “Assets” cell.
  6. In the “Liabilities” column, enter the values for each liability, such as credit card debt, auto loans, and mortgages.
  7. In the “Net Worth” column, calculate the net worth by subtracting the total liabilities from the total assets. You can use the SUM function of excel to calculate this.
  8. You may also add a section for personal information and income.
  9. Once you have completed the PFS, save the workbook.
  10. You can use conditional formatting to highlight any cells above or below a certain threshold. This will make it easier to spot areas where you may need to make essential changes to improve your financial situation.

Please note that this is an essential guide to creating a PFS in Excel, and you may want to customize the template to meet your specific needs.

Personal Financial Statement Sample

Name of Recipient:
Phone Number
Checking Account Balance $0.00    Credit Card Balance $0.00
Saving Account Balance $0.00    Home Loan $0.00
Stocks & Bonds $0.00    Car Loan $0.00
Retirement Accounts $0.00    Unpaid Taxes $0.00
Real Estate $0.00    Other Payables $0.00
Closely Held Corporations $0.00
Auto $0.00
Total Assets: $0.00    Total Liabilities: $0.00
Net Worth:                                                        $0.00

Benefits of Personal Financial Statement Template

A personal financial statement template can provide several benefits, including:

  1. Improved financial visibility: Having a clear and organized overview of one’s financial situation can help individuals better understand their financial position and identify areas where they can improve.
  2. Better budgeting and planning: With a personal financial statement, individuals can track their income and expenses and create a budget to help them manage their money more effectively.
  3. Increased accountability: A personal financial statement can help hold individuals accountable for their financial decisions and actions.
  4. More straightforward loan application process: Many lenders require a personal financial statement as part of the loan application process. A template can make providing the necessary information easier and increase the chances of getting approved.
  5. Better financial decision-making: A personal financial statement can help individuals understand their financial position, which can help them make better financial decisions.
  6. Help to identify the areas of improvement.
  7. Helps to set financial goals.
  8. It helps to track the progress of financial goals.

Personal Financial Statement Software

There are several software options available for creating a personal financial statement. Some popular options include:

1. NeatFinancials

NeatFinancials is an intuitive and easy-to-use personal financial statement software. After answering a few simplified questions, you can generate your PFS in a few minutes. Review your financial statement, electronically sign the form and send it to the recipient.

2. Quicken

Quicken is a personal finance software that allows users to track their income, expenses, and investments. It also includes a feature for creating a limited version of a personal financial statement.

3. Mint

Mint is a free online personal finance software that allows users to track their spending, create budgets, and view their credit scores. It also calculates a person’s Net Worth.

4. Excel

Microsoft Excel is a spreadsheet software used to create a personal financial statement. You can use a pre-designed template or create your own using the software’s formulas and functions.

5. Personal Capital

Personal Capital is a free financial management tool that allows users to track their net worth, investments, and retirement planning.

These software options can help automate creating a personal financial statement and make it easier to track and update your financial information over time. It’s essential to choose the one that best suits your needs and preferences.

Personal Financial Statement Preparer

A personal financial statement preparer is a professional who assists individuals in creating a personal financial statement. They can be an accountant, financial advisor, or a financial planner. They can help you gather all the necessary information, organize and present it, and ensure that the statement is accurate and complete.

PFS Preparers Provide Better Guidance

The preparer can help you identify any missing information and provide guidance on obtaining it. They can also help you to understand the different types of financial information that should be included in a personal financial statement, such as income, expenses, and cash flow. They can also help you understand how to easily calculate your net worth and interpret the information on your statement.

Some preparers may offer additional financial planning, budgeting, forecasting, and tax preparation services. They can work with you to create a comprehensive financial plan that includes your goals, risk tolerance, and current financial situation.

Choose the Right One

It’s essential to choose a qualified and experienced preparer and who you feel comfortable working with. You can ask for references, check their credentials and experience, and look for a preparer who is a member of a professional organization such as the American Institute of Certified Public Accountants.