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Saving and Investing
Part 2: Networth Statement: A Snapshot of Your Financial Picture

A net worth statement or personal balance sheet is an important financial planning tool. It lets you know how you are doing financially; helps you compare your progress over time, and can help you make financial decisions.

Read: Net Worth Worksheet

Activity: Print Net Worth Worksheet above and complete your own personal networth statement. Answer analysis questions. (This exercise if for your own use and will not be submitted.)

Based on your personal experience in completing a new networth statement, how can a networth statement be useful to families that you work with?

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