TASK 3 – List Your Assets, List Your Liabilities, and Review Your Net Worth
If you’re ready for more than just budgeting, continue on with using your Assets and Liabilities lists to create your Net Worth Statement. This document is a key measurement in determining the effectiveness of your budgeting and your entire Money Action Plan. We’ll explain how to use this in measuring your progress.
For Help With this TASK, see the following:
Budgeting and Money Management – The Basics
This is Book 1 of the Money Action Plan Series which contains a detailed explanation of Budgeting and Money Management fundamentals, along with how-to’s on using the Money Action Plan Software and the beginning steps in setting up your own Money Action Plan (MAP).