A personal financial statement is a snapshot of your finances built from two reports: a balance sheet showing what you own versus what you owe (your net worth), and a cash-flow statement showing your income versus your expenses (your net cash flow). This free template puts both in one file with the math built in — you fill in the highlighted cells and the totals calculate themselves.
The balance sheet: your assets, liabilities & net worth
The balance sheet answers one question: what are you worth right now? List everything you own at its current value — cash, savings, retirement and brokerage accounts, your home, and your vehicles — to get your total assets. Then list every debt at its payoff balance — mortgage, auto and student loans, credit cards — to get your total liabilities. Subtract one from the other:
Total Assets − Total Liabilities = Net Worth.
A positive net worth means you own more than you owe; a negative one is common early in a mortgage or while paying down student debt, and it climbs as you save and pay down balances. To watch that number move over time, pair this with the Net Worth Calculator.
The cash-flow statement: income vs. expenses
In personal finance, the cash-flow statement is what an income statement is to a business. It covers a period — usually one month — and tracks the money coming in against the money going out:
Total Income − Total Expenses = Net Cash Flow.
A positive net cash flow is your monthly surplus — the fuel for building savings, investing, or paying off debt faster. A negative one is an early warning that expenses need trimming. Once you know your surplus, a budget planner helps you give every dollar a job.
Using a personal financial statement for an SBA loan
Lenders, mortgage underwriters, and the Small Business Administration all ask for a personal financial statement to gauge your financial health. The figures on this template map directly to the SBA Form 413: total assets, total liabilities, net worth, and your sources of income. Fill out the template first to gather and total your numbers cleanly, then transfer the totals onto the official form your lender provides.
Why keep a personal financial statement
Updated quarterly, your statement turns abstract financial progress into two numbers you can actually track: a net worth that should trend upward, and a net cash flow that tells you whether each month is adding to or draining your wealth. It is the single clearest scorecard for whether your financial plan is working.