Personal finance assessment: how does it work and what is it for?
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There is no doubt that everyone decides how to manage their personal finances, but the reality is that we are not always able to adhere to a strict and effective methodology. In this context, we analyse the personal balance sheet, a useful tool that can take into account certain corporate financing concepts to the family economy . What is a personal balance? Personal balance sheets are reports that assess the financial situation of a national economy. All domestic economies consist of a range of income and expenditure. In a personal balance sheet the aim is to bring them together and put them in order. These balance sheets include the three main financial elements and are described in detail: assets , liabilities and equity . Let's go into detail about each of them. The Assets These are the Assets you own: real estate, bank accounts, deposits, bills of exchange, Bonds, shares, shareholdings ... If you want more precision in your personal balance sheet, you can learn a l