I took the one-step challenge to organize my finances. To meet the challenge, I decided to build our personal financial statements into one excel sheet – a downloadable one-sheet, dashboard-style view of our finances.
I determined it should have our personal income statement and personal balance sheet, as well as the account IDs and passwords associated with those accounts.
This personal financial statement template would also provide details about any automatic transfers or payments I have in place. Lastly, at the bottom of the page, I could place our main financial goals. Here’s what it looks like:
This “dashboard” will allow me to see a quick view of our net worth, budget, log-in credentials for each account, and goals we’re striving for. Not only did it help me manage my finances better, it provided a cheat sheet for my wife in the event something were to happen to me.
Printing out a copy and throwing it in the safe is a good idea. To be honest, now that we have the online net worth tracking tool, Empower, I no longer use this sheet. But the sheet was a great tool at the time.
Why Having Your Personal Finance Statements Matters
Getting the big picture of your finances in front of you like this is the first step anyone should take in organizing their finances. Just like in my 10 Things series, where my first step is to “track your regular monthly expenses“.
You don’t have to have your financial act together to complete this exercise. This could be your first step. Knowing where you stand is a good starting point for turning things around.
Download My Personal Financial Statement Template [Free]
While I’m not going to share my exact personal financial statement, I’ve built a template for you to use. It’s nothing fancy. Still, feel free to grab it, fill it with your own information, then stash it somewhere safe and secure.
Share the template with your friends too if they are looking to improve their financial life.
The login credential area is shaded grey, so it’s a bit harder to read for someone standing over your shoulder.
Download: Direct Download
Of course, life changes constantly, so your financial statements will only be accurate for a short time. Add the dashboard to your jump/flash drive or Google Docs account to update them periodically.
Good luck, and let me know if you have any questions about editing your dashboard.
Looking for more free excel spreadsheets? Check out 7 Free Excel Templates for Budgeting, Expense Tracking, and More