Right, as now you have completed your own Income and Expenditure Statement, you might like to try to make your own personal Balance Sheet. This lists all your assets and liabilities to achieve your net worth or capital. The idea here is to try to eliminate your liabilites and increase your assets to then increase your net worth. The Balance Sheet is a useful summary of your personal finances. Please feel free to download the Balance Sheet that I have prepared. I have arranged it in an easier format than the traditional accountants’ variety and it works 100%!

http://mark-sandison.co.za/data/documents/Sample-Balance-Sheet.xlsx