the crown...reminder: the guideline percentages are not absolutes! actual percentages vary, because...

P R AC T I CA L

A P P L I CAT I O N

F O R M S

The Crown Biblical Financial

Study

™

Please note that you can conveniently type text and numbers into these documents and save your work. However, these documents will not automatically calculate your financial

data. To automatically calculate your financial data, please use the provided Excel spreadsheet versions on the Life Groups page at crown.org.

crown.org

PERSONAL FINANCIAL STATEMENT

Assets (Present market value)

Liabilities (Current amount owed)

Total Liabilities

Net Worth (Total assets minus total liabilities)

Total Assets

Cash on hand/Checking account

Savings

Stocks and bonds

Cash value of life insurance

Coins

Home

Other real estate

Mortgages/Notes receivable

Business valuation

Automobiles

Furniture

Jewelry

Other personal property

Pension/Retirement

Other assets

Credit card debt

Automobile loans

Home mortgages

Personal debt to relatives

Business loans

Educational loans

Medical/Other past due bills

Life insurance loans

Bank loans

Other debts and loans

Date ____ \ ____ \ _________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$

$

$

An electronic copy is available on the Life Groups page at crown.org

This Quit Claim Deed, Made the _________ day of ______________________

From: __________________________________________________

I (we) hereby transfer to the Lord the ownership of the following possessions:

This instrument is not a binding legal document and cannot be used to transfer property.

Witnesses who hold me (us) accountable in the recognition of the Lord’s ownership: Stewards of the possessions above:

To: The Lord

Q u i t c l a i m d e e d

DEBT LIST

CREDITOR

AUTO LOANS

HOME MORTGAGES

BUSINESS / INVESTMENT DEBT

Describe What Was Purchased

MonthlyPayments

MonthlyPayments

MonthlyPayments

MonthlyPayments

BalanceDue

BalanceDue

BalanceDue

BalanceDue

ScheduledPay-Off Date




InterestRate

InterestRate

InterestRate

InterestRate

PaymentsPast Due

PaymentsPast Due

PaymentsPast Due

PaymentsPast Due

Date ____ \ ____ \ _________

TOTALS

TOTALS

TOTALS

TOTALS

VARIABLE EXPENSES

SPENDING CATEGORY

SPENDING CATEGORY

720.00 60.0010.0020.00

50.00

94.00

120.00240.00

600.00

1,128.00

ESTIMATED YEARLY COST

ESTIMATED YEARLY COST

ESTIMATED COST PER MONTH

ESTIMATED COST PER MONTH

Date ____ \ ____ \ _________

Vacation

Dentist

Doctor

Automobile

Life Insurance

Health Insurance

Auto Insurance

Home Insurance

Clothing

Investments

_______________________

_______________________

Vacation

Dentist

Doctor

Automobile

Life Insurance

Health Insurance

Auto Insurance

Home Insurance

Clothing

Investments

_______________________

_______________________

1

2

3

4

5

6

7

8

9

10

11

12

1

2

3

4

5

6

7

8

9

10

11

12

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

S A M P L E

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

12 =

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

$ ________________

ESTIMATED SPENDING PLAN

Gross Monthly Income

Net Spendable Income

3. Housing

5. Transportation

11. Medical / Dental

14. School / Childcare

13. Investments

12. Miscellaneous

6. Insurance

8. Entertainment/ Recreation

4. Food

9. Clothing

10. Savings

7. Debts (not including house or auto)

Less

Salary

Interest

Dividends

Other Income

Mortgage/Rent

Insurance

Property taxes

Cable TV

Electricity

Gas

Water

Sanitation

Telephone

Maintenance

Internet service

Other

Payments

Gas & Oil

Insurance

License/Taxes

Maintenance

Replacement

Other

Doctor

Dentist

Prescriptions

Other

Tuition

Materials

Transportation

Childcare

Toiletries/Cosmetics

Beauty/Barber

Laundry/Cleaners

Allowances

Subscriptions

Gifts

Other

Insurance

Life

Health/Dental

Disability

Other

Eating out

Babysitters

Activities/Trips

Vacation

Pets

Other

1. Tithe/Giving

2. Taxes (Federal / State / Fica)

Date ____ \ ____ \ _________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$ __________________

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

MONTHLY INCOME

MONTHLY LIVING EXPENSES

TOTAL LIVING EXPENSES

NET SPENDABLE INCOME

– TOTAL LIVING EXPENSES

= SURPLUS OR DEFICIT

HOW THE MONTH TURNS OUT

SPENDING PLANANALYSIS

MONTHLY PAYMENT CATEGORY

EXISTINGSPENDING

PLAN

MONTHLYGUIDELINE

PLAN

DIFFERENCE+ OR -

NEW MONTHLY PLAN

Date ____ \ ____ \ _________

Tithe

Tax

Net Spendable Income(per month)

Housing

Food

Transportation

Insurance

Debts

Entertainment / Recreation

Clothing

Savings

Medical/Dental

Miscellaneous

Investments

School/Childcare

Totals (Items 3-14)

REMINDER: The guideline percentages are not absolutes! Actual percentages vary, because different factors will influence what you spend, such as the cost of housing in your area, whether you are married, and the number of children you might have.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ ____________

$ ____________

$ _____________

$ _____________

$ _____________ $ _____________

$ _____________

$

$

$

GROSS INCOME PER YEAR

GROSS INCOME PER MONTH

GUIDELINE NET SPENDABLEINCOME PER MONTH

SNOWBALLSTRATEGY

TO WHOMOWED

CONTACTINFORMATION PAY OFF PAYMENTS

LEFTDUEDATE

%INTEREST

MONTHLYPAYMENT

Date ____ \ ____ \ _________

DEBT REPAYMENTSCHEDULE

Date Amount Payments Remaining Balance Due

Date ____ \ ____ \ _________

CREDITOR: DATE:

WHAT WAS PURCHASED:

AMOUNT OWED: INTEREST RATE:

PERCENTAGE SPENDING PLAN

SPENDING CATEGORY PERCENTAGE NSI* AMOUNT

Date ____ \ ____ \ _________

Housing

Food

Transportation

Insurance

Debts

Entertainment / Recreation

Clothing

Savings

Medical/Dental

Miscellaneous

Investments

School/Childcare1

Total (cannot exceed Net Spendable Income)

Tithe/Giving

Taxes

3

4

5

6

7

8

9

10

11

12

13

14

1

2

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$ _____________

$

$

$

$

GROSS INCOME

NET SPENDABLE INCOME

*Net Spendable Income1 If you have this expense, this percentage must be deducted from other spending plan categories.

MONTHLY SPENDING PLAN - A

CATEGORY Income

Allocated AmountDATE

1st

2nd

3rd

4th

5th

6th

7th

8th

9th

10th

11th

12th

13th

14th

15th

16th

17th

18th

19th

20th

21st

22nd

23rd

24th

25th

26th

27th

28th

29th

30th

31st

$ $ $ $ $ $ $

Tithe/Giving Taxes Housing Food Transporation Insurance

Month _______________________

Year __________

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

This Month Subtotal

This Month

Total IncomeMinus Total ExpensesEquals Surplus/Deficit



$ ___________$ ___________$ ___________

$ ___________$ ___________$ ___________

$ ___________$ ___________$ ___________

Previous Month/Year to Date Year to DatePlan

Summary + =

This Month TotalThis Month

Surplus/Deficit

Year to DateSpending Plan

Year to Date TotalYear to Date

Surplus/Deficit

MONTHLY SPENDING PLAN - B

CATEGORY Debts

Allocated AmountDATE

1st

2nd

3rd

4th

5th

6th

7th

8th

9th

10th

11th

12th

13th

14th

15th

16th

17th

18th

19th

20th

21st

22nd

23rd

24th

25th

26th

27th

28th

29th

30th

31st

$ $ $ $ $ $ $ $

Entertainment/Recreation Clothing Savings Medical/

DentalSchool/

Child CareMiscellaneous Investments

Month _______________________

Year __________

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$ $

$ $

$

$

$

$

$

$

$

$

This Month Subtotal

This Month TotalThis Month

Surplus/Deficit

Year to DateSpending Plan

Year to Date TotalYear to Date

Surplus/Deficit

CATEGORY PAGE(Individual Account Page)

Date Check # Transaction Deposit Withdrawal Balance

CATEGORY:

IDEA LIST

Number Idea Decrease Expenses

IncreaseIncome

Raise Cash(sell things)

LIFE INSURANCE WORKSHEET

SAMPLE

Date ____ \ ____ \ _________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

$ ____________________

53,280

9,000

10,000

34,000

8,000

20,000

0

28,000

428,500

$ ____________________

Present annual income needs:

Subtract deceased person’s needs:

Subtract other income available:(Social Security, investments, retirement)

= Net annual income needed:

Present annual income needs:

Subtract deceased person’s needs:

Subtract other income available:(Social Security, investments, retirement)

= Net annual income needed:

Debts:

Education:

Other:

Total lump sum needs:

Debts:

Education:

Other:

Total lump sum needs:

LUMP SUM NEEDS

LUMP SUM NEEDS

GROSS MONTHLY INCOME

GROSS MONTHLY INCOME

Net annual income needed, multiplied by 12.5 (assumes an 8% after-tax investment return on insurance proceeds):

Net annual income needed, multiplied by 12.5 (assumes an 8% after-tax investment return on insurance proceeds):

TOTAL LIFE INSURANCE NEEDS:

TOTAL LIFE INSURANCE NEEDS:

$

$

Once you have quantified your approximate life insurance needs, deduct the amount of your present life insurance coverage to determine whether you need additional life insurance. Then analyze your spending plan to determine how much new insurance you can afford. Seek counsel to decide the precise amount and type of insurance that would meet your needs and spending plan.

456,500

ORGANIZING YOUR ESTATE - A

Date ____ \ ____ \ _________

The Will (Trust) is located:

WILL AND/OR TRUST

INCOME BENEFITS

The person designated to carry out its provisions is:

If that person cannot or will not serve, the alternate is:

Attorney: Phone:

Accountant: Phone:

1. Company Benefits

My/our heirs will begin receiving company benefits as follows:

Contact: Phone:

2. Social Security Benefits

To receive Social Security benefits, go in person to the Social Security office located in:

This should be done promptly because a delay may void some of the benefits. When you go, take the following: (1) my Social Security card; (2) my death certificate; (3) your birth certificate; (4) our marriage certificate; (5) birth certificates for each child.

3. Veterans’ Benefits

Are you eligible for veterans’ benefits? Yes No

To receive these benefits, you should do the following:

4. Life Insurance Coverage

Face value Person insured Beneficiary



Insurance company: Policy #:



ORGANIZING YOUR ESTATE - B

Date ____ \ ____ \ _________

FAMILY INFORMATION

MILITARY SERVICE HISTORY

FUNERAL INSTRUCTIONS

Family member’s name:





Branch of service: Service number:

Length of service: From: Until:

Rank:

Location and description of military documents:

Funeral Home: Phone:

Address:

You request burial in the following manner:

You request that memorial gifts be given to the following church/organization:

SSN:

SSN:

SSN:

SSN:

SSN:

Address:

Address:

Address:

Address:

Address:

Address:

Address:

MY LIFE GOALS - ADate ____ \ ____ \ _________

GIVING GOALS

DEBT REPAYMENT GOALS

EDUCATIONAL GOALS

LIFESTYLE GOALS

Would like to give _____________ percent of my income.

Would like to increase my giving by _____________ percent each year.

Other giving goals:

Would like to pay off the following debts first:

Would like to fund the following education:

Would like to make these major purchases: (home, automobile, travel, appliances)

Other educational goals:

Would like to achieve the following annual income:

Creditor

Person

Item

School

Amount

Annual cost

Creditor

Creditor

Amount

Total cost

Amount

Amount

MY LIFE GOALS - BDate ____ \ ____ \ _________

SAVINGS AND INVESTMENT GOALS

STARTING A BUSINESS

Describe your standard of living that you sense would please the Lord.

Would like to give _____________ percent of my income.

Other giving goals:

Would like to invest in or begin my/our own business:

Would like to make the following investments:

Would like to provide my/our heirs with the following:

Amount

MY LIFE GOALS - CDate ____ \ ____ \ _________

VOLUNTEER/MINISTRY GOALS

FINANCIAL GOALS FOR THIS YEAR

I believe the Lord wants me/us to achieve the following goals this year.

1

2

3

4

5

6

7

8

9

10

Financial Goals God’s Part My/Our Part

the crown...reminder: the guideline percentages are not absolutes! actual percentages vary, because...

Documents