Know Your Numbers

We would like to guide you through an exercise to help you to know your numbers. Let's open your eyes to the big picture.

Personal Information:

First Name

Last Name

Phone/Mobile

Let’s begin with your assets (what you own):

An asset is simply any item of value that you own. Assets have either current or future economic value, meaning it is worth something now or will be worth something in the future. This means they can be sold to settle debts or that they have the potential to produce income for you, either currently or in the future.

Bank accounts:

These investments may be added as one combined total or individually.

Do you have bank account(s)?

Yes

Name of Bank

Current Bank Balance

Do you wish to add other accounts?

Yes

Name of Bank

Current Bank Balance

Securities eg. Stocks, Bonds Mutual Funds etc.:

These investments may be added as one combined total or individually.

Do you have securities?

Yes

Name of Security

Current Value

Do you wish to add other securities?

Yes

Name of Security

Current Value

Pension/Savings Fund:

Accounts may be added as one total or individually.

Do you have a Pension or Savings Fund?

Yes

Name of Custodian

Current Value

Do you wish to add other pension or savings fund?

Yes

Name of Custodian

Current Value

Vehicles:

Vehicles may be added as one total or individually.

Do you have a vehicle?

Yes

Description

Current Estimated Value

Do you wish to add other vehicles?

Yes

Description

Current Estimated Value

Real Estate eg. Home, Rental Property, Vacant Land:

Properties may be added as one total or individually.

Do you have real estate?

Yes

Description

Current Estimated Value

Do you wish to add other property?

Yes

Description

Current Estimated Value

Other Assets Eg Furniture, Collectible Items:

Other Assets may be added as one total or individually.

Do you have other assets?

Yes

Description

Current Estimated Value

Do you wish to add other assets?

Yes

Description

Current Estimated Value

Total Assets

Let’s list your liabilities (what you owe):

A liability is simply any debt or financial obligation you owe to another person or corporate entity, like a bank or credit union. ‘Liability’ can refer to any agreement, verbal or written, that has not yet been paid, and so it impacts your future financial position until it is paid off.

Mortgage:

Mortgage accounts may be added as one total or individually.

Do you have a mortgage on your home?

Yes

Name of Bank

Current Bank Balance

Do you wish to add other mortgage accounts?

Yes

Name of Bank

Current Bank Balance

Other Bank Loans:

Other bank loans may be added as one total or individually.

Do you have other bank loans?

Yes

Name of Bank

Current Bank Balance

Do you wish to add other bank loans?

Yes

Name of Bank

Current Bank Balance

Credit Card Debt:

Other Credit card debt should be listed individually.

Do you have other credit cards?

Yes

Name of Bank

Current Credit Card Balance

Do you wish to add other credit card debts?

Yes

Name of Bank

Current Credit Card Balance

Total Liabilities

Total Assets

Total Liabilities

Your Net Worth

Let’s list your Income(s):

These are all the ways that you have money coming to you on a daily, weekly, monthly, quarterly, or annual basis. These can include:

Salaries (full-time or part-time)
Side hustles/ entrepreneurial ventures
Investment dividends, and more

Do you have income(s)?

Yes

Income 1

Amount

Do you have other income(s)?

Yes

Income 2

Income 3

Income 4

Income 5

Amount

Total Monthly Income

Let’s list your Expenses and Other Monthly Obligations:

Here is where you will list all of your recurring expenses. Without a clear picture of your recurring expenses, it can be difficult to create a plan to manage your finances effectively.

For non-monthly expenses, such as insurance premiums, calculate and record the amount of that expense for a month (e.g. An annual premium of $3,000 equates to $250 per month [$3,000 ÷ 12 m per month])

This list can include:

Debt repayment (mortgage, loans, credit card payments)
Household expenses (rent; electricity; water; gas; cable/internet subscriptions e.g. netflix; home insurance premiums; maintenance e.g. lawn care, housekeeping; repairs)
Food and supplies (grocery, household supplies, dining out)
Vehicle (gasoline, insurance, licensing, repairs)
Personal (grooming, health, clothing, dry cleaning)
Insurance (Life and Health)
School fees and supplies
Entertainment and Travel
Giving (tithes, offerings, gifts)
Other monthly payments (subscriptions, streaming services etc.)

Do you have any expense(s)?

Yes

Expense 1

Estimated Amount

Do you have other expense(s)?

Yes

Expense 2

Expense 3

Expense 4

Expense 5

Expense 6

Expense 7

Expense 8

Expense 9

Expense 10

Estimated Amount

Total Monthly Expense

Total Monthly Income

Total Monthly Expenses

Personal Information:

Let’s begin with your assets (what you own):

Bank accounts:

Securities eg. Stocks, Bonds Mutual Funds etc.:

Pension/Savings Fund:

Vehicles:

Real Estate eg. Home, Rental Property, Vacant Land:

Other Assets Eg Furniture, Collectible Items:

Total Assets

Let’s list your liabilities (what you owe):

Mortgage:

Other Bank Loans:

Credit Card Debt:

Total Liabilities

Total Assets

Total Liabilities

Your Net Worth

Let’s list your Income(s):

Let’s list your Expenses and Other Monthly Obligations:

Your Net Cash Flow

Your Net Worth