What if you cashed out now? Sold everything: car, house, boat. Paid the debts and boiled everything down to a wad of cash (or a I.O.U. note) in your hand. Don't want to do that? Well you don't have to, but it is a good idea to know how that bottom line is doing. That is net worth, how you are financially if everything was cash and called on for collection. There are some handly online calculators, but for those who like to have some paper to work on and keep, here is our net worth calculation sheet for download. (Requires Adobe Reader.)
The Debt List
Sometimes our debts can feel overwhelming and for good reason, they are a big weight on your financial health. A great way to start getting your debts under control is to compile a complete list of them, with basic information about them. Sometimes we do not really want to see the long list that we may make, but having a list and being able to plan making the list smaller is important. We have a little chart you can download and print that has columns for the most important information about each debt. Download a Debt List (Debt List fillable version also available) from the team at Crown Financial Ministries. (Requires Adobe Reader).