For most people, paying their federal income taxes on April 15th is a defining moment of ritual. You scrape together all of the forms, receipts, and paperwork you might need, and then whip out the calculator to get every last number right.
And then it goes in the mail.
But, what have you done since April 16th to make this financial ritual easier to complete? One way to start is to vow to tackle your finances in a reasonable way.
Start here. Complete this net worth work sheet and give yourself a financial baseline. Once you know how much you have and how much you owe, it's easier to make financial decisions that will affect your long-term financial success -- not just how much you pay in taxes each year.
- - - - - - - - - - -
How much you own:
|
Asset
|
Value
|
|
Stocks
|
$
|
|
Bonds
|
$
|
|
Bank Accounts
|
$
|
|
Money Market Accts
|
$
|
|
Retirement Accounts
|
|
|
Art
|
$
|
|
Current Home Value
|
$
|
|
Second home value
|
$
|
|
Car(s)
|
$
|
|
Boat(s)
|
$
|
|
Plane
|
$
|
|
Furniture
|
$
|
|
Clothing
|
$
|
|
Investment property
|
$
|
|
Other Assets
|
$
|
|
SUBTOTAL:
|
$
|
How much you owe:
|
Liability
|
Value
|
|
Mortgage(s)
|
$
|
|
School Loan(s)
|
$
|
|
Car Loan(s)
|
$
|
|
Credit Card Debt
|
$
|
|
Personal Loan(s)
|
$
|
|
Other notes
|
$
|
|
SUBTOTAL:
|
$
|
Totals:
|
How much you own:
|
$ |
| How much you owe:
|
$ |
| |
| Net worth
|
$ |
|
Send this article
Print this article