Personal Finance
Creating Your Personal Balance Sheet With Dr Wealth
By Doctor Wealth  •  April 27, 2014
Like a company, each of us have a personal balance sheet. A balance sheet captures a snapshot of our financial status at one particular point of time. There are 3 primary items in a personal balance sheet, that is Assets, Liabilities and Net Worth. balance sheet Consolidating and tracking all your accounts, different assets and loans can be rather time consuming. Dr Wealth allows you to keep track of all your assets and liabilities as well as calculate your net worth.

Assets

Assets are basically resources which are owned by you for your benefit. They can be grouped into Cash & Cash Equivalents, Investment Assets and Personal Use Assets. dr wealth balance sheet

Dr Wealth Balance Sheet

Cash & Cash Equivalents Cash & Cash Equivalents are basically your bank savings and checking accounts, as well as fixed deposit accounts and cash value of insurance policies. These are your most liquid assets which can be used any ......
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By Doctor Wealth
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