In Excel, create a summary of your net-worth one year post graduation (this is the snapshot of where you expect to be at the start your budget year; see timeline below for timing detail of the net worth statement).
Your net worth will not be as detailed as your budget as most students only have a few asset and liability categories. However, like your budget, include detailed assumptions for how you valued each line item and links for estimating market values (e.g., car valued at Kelley Blue Book value). Include at least two line items for each of the following four categories found in every net worth statement even if it is a minimal amount:
Liquid assets (cash or easily converted to cash)
Non-liquid assets (not easily converted to cash)
Current liabilities (due in that first year after graduating)
Long-term liabilities (due after first year)