44 Chapter 2 Making Smart Decisions
Net Worth Statement
Category Amount Totals
Assets
Current Assets
Cash on hand $______
Cash in savings, checking,
and money market accounts $______
Cash value of insurance $______
Other $______
Total Current Assets $______
Fixed Assets
Stocks and bonds $______
Mutual funds $______
Individual Retirement Accounts (IRA) $______
Auto $______
Home $______
Furniture and equipment $______
Other $______
Total Fixed Assets $______
Total Assets $______
Liabilities
Current Liabilities
Credit cards and charge
account balances due $______
Taxes due $______
Other $______
Total Current Liabilities $______
Long-Term Liabilities
Auto loan $______
Home mortgage $______
Other $______
Total Long-Term Liabilities $______
Total Liabilities $______
Net Worth (total assets less total liabilities) $______
Goodheart-Willcox Publisher
Figure 2-9 A net worth statement helps you determine your net worth at a
given point in time.