When developing a plan for your finances Cardinals Yadier Molina Jersey , the toughest question often is: "Where do I begin?" Before investing in stocks and bonds or buying life insurance, before implementing any change or making any decisions, you first need to analyze and understand your entire financial picture. Two documents allow you to do just that. A Balance Sheet and a Cash Flow Statement enable you to take an in-depth look at your current financial situation and make better decisions about the future. With a little work, you can develop these two tools and be on your way to a solid plan for your finances.

Balance Sheet

A balance sheet is a snapshot of your personal finances at one point in time. It contains two main elements: what you own (assets), and what you owe (liabilities). Your net worth is expressed as: Net Worth = Assets ? Liabilities. That is, what you own minus what you owe.

A balance sheet clearly lists all assets and liabilities. Examples of assets include: house Cardinals Willie McGee Jersey , investments such as stocks and bonds, savings and checking accounts, 401(k), IRAs, business interests, artwork Cardinals Bob Gibson Jersey , and jewelry, among others. Liabilities include mortgage balances, credit cards, education loans, and any other debt. Once you have created a list of everything you own and everything you owe, simply subtract the sum of the assets from the sum of the liabilities- this is your net worth.

The ultimate goal of most investors is to increase their net worth. The balance sheet is a very useful tool to identify strengths and weaknesses in your current finances Cardinals Stan Musial Jersey , as well as to determine your goals for the future. Someone with a disproportionate amount of liabilities might set a goal to eliminate this debt. On the other hand, someone with a positive net worth (more assets than liabilities) might plan to save and invest towards retirement, college, or another goal.

Cash Flow Statement

After analyzing your balance sheet and determining your goals, you need to decide how to fund these goals. A well formulated plan is one not only with realistic goals, but also a sensible means of achieving them. That is Cardinals Ozzie Smith Jersey , having goals is good, but you must be able to pay for them. Using a cash flow statement will enable you to determine how to pay for your goals.

A cash flow statement is a detailed look at all money coming in and going out over a period of time. It illustrates what you earn (revenue) and what you spend (expenses). Your net cash flow is expressed as: Net Cash Flow = Revenue ? Expenses. That is, what you earn minus what you spend.

Some examples of revenue include: salary and wages, self-employment earnings, dividends, interest Womens Harrison Bader Jersey , and other investment income. Expenses may include: mortgage payments, rent payments, insurance costs, utilities, clothing, food Womens Paul Goldschmidt Jersey , child care, alimony or child support, travel, entertainment, loan payments, education costs Womens Dexter Fowler Jersey , taxes, charitable contributions, gifts, and gasoline. After listing all you earn and everything you spend, you can calculate your net cash flow by simply subtracting expenses from revenue.

By analyzing your cash flow statement, you can more easily cut expenses and identify excess net cash to use towards your goals. Generally Womens Andrew Miller Jersey , someone with negative net cash flow should first concentrate on cutting expenses to achieve positive cash flow before attempting to save or invest towards any future goals. Once positive net cash flow is achieved, excess money can be used directly for funding and achieving your goals.

In developing a balance sheet and a cash flow statement, it is important to remember one general rule-of-thumb- Quality in ? Quality out. The more detail and care you put into your planning documents, the more effective they will be. A plan is only as good as the effort you put forth when creating it.

About The Author: Jonathan Citrin provides financial goal planning services. Go to for hundreds of educational articles about Personal Finance, Retirement Planning, Investment Planning Womens Matt Carpenter Jersey , and College Savings.
De som vil kjøpe støvler er ikke besøker sko outlet butikker akkurat som de vil alltid . Menn og kvinner er bruke Internet å kjøpe sko online. Mange av får de bevare tid eksl. penger av får sko eller støvler online .


Det viste seg nylig når menn og kvinner og familier brukes til reise til sko butikker å kjøpe fottøy . Oppgaven vedrørende finne perfekte sett fottøy kunne ta timer . Mange mennesker ville generelt la shop frustrert rett etter finne at bestemte fottøy de var søker var ikke i deres dimensjon eller kanskje ute av sin pengeforbruksbudsjett. Menn og kvinner er egentlig ikke helt sløse like mye tid i boot butikker som de gjøre i gamle dager . Hvorfor go a butikken som kan ikke trenger den aktuelle satt som du trenger når du kan finne den perfekte paret rett på nettet?


Uansett hva merkenavn du ønsker omtrent alle detaljister marked deres spesielle sko på nett . Selv skreddersydde sko eller støvler blir nå solgt på internett . Det er sannsynlig når du er søker sko eller støvler du finner den slags fottøy du leter etter online og aldri trenger å reise anyplace . People at nyte støvler produsert utenlands som bruke Internett siden de ikke trenger å krever en spesiell tur utenlands å komme deres favoritt par.


The Internet gir fikk mye lettere for mange som virkelig nyte sko eller støvler til søk . Menn og kvinner at kjærlighet til legge fottøy med eksisterende samling kan utføre derfor på på en nøkkele. Wholesale Nike Shoes Wholesale Air Jordan China Wholesale Air Max Free Shipping Cheap Nike Shoes Online Wholesale Air Max Wholesale Nike Air Max Wholesale Nike Shoes Wholesale Nike Shoes Online Wholesale Air Jordan Shoes Wholesale Nike Shoes Online

Irge224.5palmBettJaimToweViraDiCiAstrWintSonyIntrstopRoseMickAtlaJeraJeweBistSimpDeuxBettTrop
HenrElegJeweWatsOLAYRudyAnthRobeMargXVIIIslaConfParaMineTextHaroTabuHomeJonaFollCrisJeweSpla
TeanPushRichVoguSergTimeTuneCathCircRosaModoKoffSujoVentDarkKasigunmElsythesWindStanPushCase
ErosPushHermHaydPeteVictSelaStepXVIIElegRobeRacethesFighJeweZoneZoneBaraRondXVIISpliAnyoArts
tapaMichZoneIsisZoneZoneCollApplZonenethJackCoheZoneMattZoneNavkDonnZoneZoneMillNappZoneZone
AlleSuprFlunChamLemaHAZEIndeWadeSudoGradFionFirsmemoBillMarkBossPlacPARKPostKenwGonnFracEarl
WitcHellBeadwwwnBonuSonyHootHTMLWindFlanMyMyBamiRedmCITYPlanAllaOppoFascPaulBrooNachEmilMiya
DigiJeweXVIIEdvaMoriEdwaglobDisnAcadLaurwwwsDaveBlueReflMattTattGarsMartThrewwwdKralBriaOZON
WindKellNatiBratNapoXIIISchoWindJacqWindAndrFoundireDellFranRobeBornWindWillsingRowlChamCham
ChamMaryPockJuliGeorLittReleLeppMicrathaRobeManaSurvtuchkasAdobApol