Personal Collection Inventory Template

Personal collection inventory is the management and tracking of a person’s total collections (assets). We all know that inventory is the unsold items a person or business has in hand for use or sale. The personal collection varies from person to person depending on an individual’s likes and dislikes or income level. It gives you an idea of what you have.

Inventory lists are not just for organizations or companies. They can also be made by individuals who need to document all of their belongings for purposes like insurance, visas, loans, etc. This helps the individual record every item that he/she owns, which could help him/her achieve the purpose he/she wants.

Some features of the template are:

Tracks purchase date, source, and purchase price
Provides an overall appreciation/depreciation percentage
Allows users to organize items by category, value, acquisition date, or condition.

Download

A personal collection may include:

Books and magazines
The currency of various countries (coins)
Movie CDs
Luxurious cars
Clothing and shoes
Property and gold

Whether you are a high-salaried person or belong to a low-income group, keeping track of your assets is not easy. A personal collection inventory can be done either by:

Holding a paper and a pen.
One might get the software and do this more accurately online. Authentic personal collection inventory software can be bought from reliable companies.

Keep bills and receipts of your most valuable assets to prove your possession.

The personal collection inventory organizes the total assets of an individual in a way that one should know:

What you have
Your backup of resources
What do you want to sell
What do you want to buy

(Short Version)

File: MS Excel (.xlsx)
Size 38 KB

Download

Having a personal collection inventory list

Keeping a record of what you have in hand is a healthy activity. It can benefit a person in the mentioned ways:

A personal collection inventory list makes you efficient and practical, as you have a detailed list of all your assets and are not missing anything.
It is cost-effective and does not let you waste your money on things you already have or don’t need in any way.
It saves precious time and saves the person from the fuss of wasting hours on calculating their assets.
It shows you what you need and what you want to buy.
It tells you what items you want to sell out.

It may seem simple, but keeping track of your inventory and assessing and organising the personal collection inventory is great and very helpful. This process can be life-saving in a situation where an individual is in a financial crisis and needs to replace or sell some of their assets. It gives quick access to your resources.

A personal inventory list should first be divided into groups. These groups could start with bigger and more valuable things to less valuable things. Property, cars, memberships, and jewelry all come under valuable things, whereas furniture comes under less valuable things.

If one wants, they can also add a column dedicated to the price of every item on the list. Often, there are times when one doesn’t know the exact price, or prices have appreciated or depreciated over time. In this case, writing approximately is best. You can also get an estimate from a professional, but it could get rather costly.

Besides maintaining an inventory list for insurance, visas, and loans, many prefer maintaining a personal inventory list to know what they own. They can also be used when an individual is moving and, upon reaching the new destination, has a list so he/she can check whether everything came or if something has been misplaced.

Maintaining an inventory list is hard work, but if one consistently remembers to put down an item the day it is purchased, it wouldn’t take much time and effort.

Personal Collection Inventory Template

Having a personal collection inventory list

You may also like

Search template