Here's a breakdown of a personal finance review sheet, formatted in HTML and geared for clarity: ```html

Personal Finance Review Sheet

Income & Expenses

Income

• Primary Income (Net): $ (After taxes and deductions)
• Secondary Income (Net): $ (Freelance, side hustle, etc.)
• Passive Income: $ (Investments, rental income, etc.)
• Total Monthly Income (Net): $0

Expenses

• Housing: $ (Rent/Mortgage, property taxes, insurance)
• Utilities: $ (Electricity, gas, water, internet)
• Transportation: $ (Car payment, insurance, gas, public transit)
• Food: $ (Groceries, dining out)
• Healthcare: $ (Insurance premiums, medical bills)
• Debt Payments: $ (Credit cards, loans)
• Personal Care: $ (Gym, toiletries, grooming)
• Entertainment: $ (Movies, concerts, subscriptions)
• Miscellaneous: $ (Gifts, subscriptions, unforeseen expenses)
• Total Monthly Expenses: $0

Net Income

Monthly Net Income: $0 (Total Income - Total Expenses)

Assets & Liabilities

Assets

• Checking Account: $
• Savings Account: $
• Investment Accounts: $ (Stocks, bonds, mutual funds)
• Retirement Accounts: $ (401k, IRA)
• Real Estate: $ (Market value)
• Other Assets: $ (Vehicles, valuables)
• Total Assets: $0

Liabilities

• Credit Card Debt: $
• Student Loan Debt: $
• Mortgage Balance: $
• Car Loan Balance: $
• Other Loans: $
• Total Liabilities: $0

Net Worth

Net Worth: $0 (Total Assets - Total Liabilities)

Financial Goals

• Short-Term Goals (1-3 years):
• Medium-Term Goals (3-5 years):
• Long-Term Goals (5+ years):

Insurance Coverage

• Health Insurance:
• Life Insurance:
• Home/Renters Insurance:
• Auto Insurance:
• Disability Insurance:

``` A personal finance review sheet is a tool used to get a clear snapshot of your current financial situation. It allows you to assess your income, expenses, assets, and liabilities, giving you a comprehensive understanding of your financial health. Regularly reviewing your finances – ideally monthly or quarterly – is crucial for making informed decisions, setting realistic goals, and staying on track towards financial stability and freedom. The sheet starts with income and expenses. Accurately tracking your income sources (salary, side hustles, investments) is essential. Expenses should be broken down into categories such as housing, transportation, food, utilities, and debt payments. Subtracting total expenses from total income gives you your net income, which indicates how much money you have left over each month. A negative net income signals the need to cut expenses or increase income. Next, the sheet covers assets and liabilities. Assets are what you own (cash, investments, real estate), while liabilities are what you owe (debts). Calculating your net worth (assets minus liabilities) provides a valuable indicator of your overall financial standing. A positive and growing net worth is a sign of good financial health. The review sheet also includes a section for outlining financial goals, both short-term and long-term. This helps you connect your current financial situation with your future aspirations. By defining your goals, you can create a plan to achieve them. Finally, information about insurance coverage is included. This section ensures you have adequate protection against unforeseen events such as illness, accidents, or property damage. Regularly review your insurance policies to make sure they still meet your needs. By completing and reviewing this sheet regularly, you can identify areas where you can improve your financial habits, save more money, reduce debt, and ultimately achieve your financial goals.