A personal financial statement (PFS) is a document that lists a person's assets, liabilities, and income at a specific point in time. Lenders often ask for one when you apply for a car loan, a mortgage, or a business loan. Use our free personal financial statement form to enter your numbers, add up your net worth, and download a clean copy in minutes.
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You might need a personal financial statement when a lender or investor wants to see your full financial picture. It shows what you own and what you owe, which helps a lender judge whether you can repay a loan. Here are the most common cases.
A business that has operated for a while can usually show lenders a profit and loss statement or a cash flow statement. A starting entrepreneur often cannot. In that case, a personal financial statement gives lenders the picture they are looking for.
Lenders also look at your sources of income, so include them with the statement. The statement also shows that the entrepreneur is offering a personal guarantee for the loan. In other words, the owner agrees to pay with personal assets if the business defaults on the loan.
Tip: Update the figures right before you hand the statement to a lender, so it reflects your balances on that date.
A personal financial statement has two main parts: your assets, which are the things you own, and your liabilities, which are the things you owe. Subtract your liabilities from your assets to get your net worth. The lists below show what statements usually include.
Among the assets that are usually included in a personal financial statement template are:
When it comes to liabilities, a personal financial statement typically lists:
Our template has a place for each of these items, so you can fill in your amounts in a few minutes.
You can create a personal financial statement in three steps. Set up a spreadsheet, list what you own and what you owe, and then calculate your totals and net worth. The steps below work in Excel or any other spreadsheet program.
Set up the spreadsheet with these parts:
The order of the sections does not matter. Make sure to add a section with calculated net worth. Excel is a convenient tool for this.
Carefully list every asset you own. Include only things that belong to you, and leave out things you do not own, such as rented premises. Write the dollar value next to each asset in the balance sheet, and skip items of small value.
Speaking of liabilities, make sure to include personal loans, credit card balances, any court judgments against you, taxes that are unpaid, and other items that might be considered as your liabilities.
In Excel, highlight the column with the total for your assets and the total for your liabilities. Add a total value under both sections.
Then calculate your net worth by subtracting the total amount of liabilities from the total amount of assets. For example, if your total assets are $300,550 and your total liabilities are $80,500, your net worth is $220,050.
| Item | Amount |
|---|---|
| Total assets | $300,550 |
| Total liabilities | $80,500 |
| Net worth | $220,050 |
Follow these three steps to fill in a general personal financial statement template. You start with your details, then build the balance sheet and the income and expense tables, and finish with a net worth summary and your signature.
Add the basics. Write the name of the document, the name of the person or financial institution it is prepared for, and the date. Then write down your name, address, contact information, and your Social Security number.
Build the balance sheet. The next section of a personal financial statement template should be a balance sheet, that is, the detailed summary listing of your assets. Use two columns, one for each asset and one for its amount.
Underneath, add the total of your assets. After that, make the same section for liabilities.
You can also create a separate table for your monthly income, with net income underneath it. Make a similar table for monthly expenses.
Write the net worth summary and sign. The last step is to write the net worth summary in your personal financial statement template. You can add the following wording at the end of the document to confirm that the information is truthful:
“I, [name of the creator], hereby certify and warrant, to the best of my knowledge, that the information included in this personal financial statement is true, precise, and utter.”
Finish by signing and dating your financial statement.
Check that your totals add up before you sign. Keep a signed copy for your own records.
Small slips can make a personal financial statement hard to trust. Read through your draft once before you share it and look for these common mistakes. A quick check takes only a few minutes.
A personal financial statement is a snapshot of your finances on a single day. It compares what you own with what you owe, so a lender or investor can see your financial position at a glance.
Update the figures whenever your balances change in a big way, and again right before you hand the statement to a lender or investor. That way it shows your balances on the date of the handover.
Assets are things you own that have value, such as cash, savings, retirement accounts, and property. Liabilities are amounts you owe, such as loans, credit card balances, and unpaid taxes. Your net worth is what remains when you subtract your liabilities from your assets.
Add up all your assets, add up all your liabilities, and subtract the second total from the first. For example, assets of $300,550 minus liabilities of $80,500 give a net worth of $220,050.
Yes. A spreadsheet works well because it adds up your totals for you. Create one section for assets, one for liabilities, and one for net worth. You can also use our free builder, which gives you a ready layout to fill in.
Start the statement with these details:
General information, not legal or tax advice.
Last Updated: October 2026. This guide is reviewed and updated regularly to reflect current law. If you notice an error or outdated information, please contact us.