Assets and Liabilities in Money (iBear® iPhone advanced financial application http://ibearsoft.com/en/iphone/ibearmoney/ ):
You are able to track your entire finances with Money, and for this purpose you first need to list (describe) your finances. Assets are your financial resources, and liabilities are your financial obligations. List all of them: your cash, your property, values of your credit cards, stocks, etc. Then list your liabilities: loans, credit cards, debts, mortgages, etc. Already from this point you will be able to analyze your balance structure.
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