This comes from the cash flow statement. Cash Flow and Budgets at utah. Total for each sub-categories is calculated separately in the statement, this helps to analyze the category which needs some financial revamping. The amount you still owe on the mortgage is a Liability.
These are values that come from the Details worksheet. Info Sheet - for listing contact info that is typically required in loan applications e.
It's not that the PFS is going to teach you directly. One of the ways they do that is by analyzing your income and how much debt you currently have. The sheet has two broad categories of financial information: Assets: what you own Liabilities: what you owe Assets and liabilities are further segregated under various heads.
They will help to understand the total annual income, net worth, liabilities, and assets at possession at the end of the year. A lender needs to evaluate the risk of lending money to you.
Personal Property Present value : details of automobiles, home furnishing, appliance, furniture, collections, jewellery, etc Liabilities Current Debts: stores record of debts like household, medical, credit card, bank taxes, legal, etc. Your budget helps you plan how you are going to allocate your net cash flow hoping of course that your net cash flow is positive.