How to Easily Fill Out a Personal Financial Statement

Personal financial statements are commonly used when applying for a loan, financial aid or payment plans. The personal financial statements help determine your financial status, as well as your ability to repay the financial obligation. It is much easier to prepare a personal financial statement if all of your accounting and paperwork are easily at hand.

Instructions

1. Look over the personal financial statement form to determine the type of financial information that you need to provide for this form. Some financial statements require a more in-depth look at your finances than others, so gather the appropriate documentation for the form.

2. Make copies of all of your financial documents that you need to include with the form. The documents needed depend on the financial statement. For payment assistance and plans, you may need to provide bank statements, utility bills and other documentation. For loans, you may just need to disclose your other debt payments.

3. Fill out the personal financial statement using the information from your documentation. Accurate information that you can substantiate with documents for proof will help your personal financial statement be complete and accurate.

References

• Inc: How to create personal financial statements
• Texas Ethics Commission: Personal Financial Statement Filers
• IRS: Form F433a