Tuesday, November 01, 2011

Balance Sheet Beginning

One of the most important aspects of personal finance is knowing where your money is going. Having a balance sheet of all your debts and assets is a great way to track where your money is going and how financially healthy your are.

I will be looking at our balance sheet and also those of others to help highlight areas that may be of concern for the average person and how using and knowing the numbers of a balance sheet can help.

1 comment:

adr_student said...

Hi,
I'm preparing my own balance sheet and actualy don;t have a clear answer regarding how to report (if at all) expected interest of a time deposit or even expected benefit from a stock fund.

The value of the fund+deposits are reported as assets, and since they are coming from my pocket , also as owner's equity.


Thanks,