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Paying for gender transition: Your liabilities

The opposite of an asset is a liability. A liability is something you are required by law to pay.

It’s good to have all of this information in one place for each liability:

  • Total owed
  • Monthly payment
  • Interest rate/payments left
  • Account number
  • Creditor address (payments)
  • Creditor address (inquiries)
  • Creditor phone


  • Car loan(s)
  • College/education loan(s)
  • Credit card balance(s)
  • Debt owed to other(s)
  • Home equity loan(s)
  • Home mortgage(s)
  • Installment loan(s) (appliances, etc.)
  • Loan(s) against insurance policies
  • Margin loan(s) on investments
  • Personal loan(s)
  • Pledge(s) to charity
  • Second/third mortgage(s)
  • Small business debt(s)
  • Taxes/bills due soon

Your net worth

Total assets
Total liabilities (subtract this)
Net worth=

Don’t worry if the number is less than $0. Many people with college or home debt have a negative net worth.

Now, let’s look at your cash flow.

Next: Your monthly expenses