8-8. FAMILY BALANCE SHEET (Step 3)
ASSETS
LIABILITIES
Cash on Hand_ _____________________________ $_ ________________ Automobile Loans Checking Account Balances
Vehicle: __________________________________ $_ _________________ Vehicle: __________________________________ $_ _________________ Vehicle: __________________________________ $_ _________________
Account No. ______________________________ $_ ________________ Account No. ______________________________ $_ ________________
Savings Account Balances
Amount Owed On Mortgages
Account No. ______________________________ $_ ________________ Account No. ______________________________ $_ ________________
Personal Residence—1st Mortgage ............. $_ _________________ Personal Residence—2nd Mortgage ............ $_ _________________ Other: _ ___________________________________ $_ _________________
Cash Value of Life Insurance Policies
Policy No. _ _______________________________ $_ ________________ Policy No. _ _______________________________ $_ ________________
Bank Loans
Loan For: _________________________________ $_ _________________ Loan For: _________________________________ $_ _________________ Loan For: _________________________________ $_ _________________
Cash Value of Bonds Owned
Type of Bonds: _ __________________________ $_ ________________ Type of Bonds: _ __________________________ $_ ________________
Finance Company Loans
Cash Value of Stock Owned
Loan For: _________________________________ $_ _________________ Loan For: _________________________________ $_ _________________
Type of Stock: ____________________________ $_ ________________ Type of Stock: ____________________________ $_ ________________
Charge Account Balances Owed
Cash Value of Mutual Funds Owned
Store: ____________________________________ $_ _________________ Store: ____________________________________ $_ _________________ Store: ____________________________________ $_ _________________
Fund: _____________________________________ $_ ________________ Fund: _____________________________________ $_ ________________ Fund: _____________________________________ $_ ________________
Credit Card Balances Owed
Cash Value of Other Liquid Assets
Company: _ _______________________________ $_ _________________ Company: _ _______________________________ $_ _________________ Company: _ _______________________________ $_ _________________
Explain: _ _________________________________ $_ ________________ Explain: _ _________________________________ $_ ________________
Fair Market Value of Real Estate
Insurance Loans
Personal Residence ....................................... $_ ________________ Other: _ ___________________________________ $_ ________________ Other: _ ___________________________________ $_ ________________
Policy: _ __________________________________ $_ _________________ Policy: _ __________________________________ $_ _________________
Taxes Owed
Fair Market Value of Vehicles
Federal Income Tax . ...................................... $_ _________________ State Income Tax ........................................... $_ _________________ Property Tax ................................................... $_ _________________ Other: .............................................................. $_ _________________
Vehicle: __________________________________ $_ ________________ Vehicle: __________________________________ $_ ________________ Vehicle: __________________________________ $_ ________________
Fair Market Value of Other Assets
Other Debts (Explain)
Furniture ......................................................... $_ ________________ Jewelry ........................................................... $_ ________________ Other: _ ___________________________________ $_ ________________ Other: _ ___________________________________ $_ ________________ Other: _ ___________________________________ $_ ________________ Other: _ ___________________________________ $_ ________________ Other: _ ___________________________________ $_ ________________
__________________________________________ $_ _________________ __________________________________________ $_ _________________
TOTAL LIABILITIES: $_ _________________
NET WORTH COMPUTATION
Total Assets (From Column 1) .......................... $_ _________________ Other: _ ___________________________________ $_ ________________ Less: Total Liabilities......................................... $_ _________________
TOTAL ASSETS: $ _ ________________
NET WORTH: $_ _________________
CHAPTER 8: PRINCIPLES OF FINANCIAL PLANNING
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