Three main money management activities are
Personal Financial Statements
Personal financial statements tell you _______
Two documents you create yourself are the _______ and the _______
Main purpose of personal financial statements are to:
A balance sheet (i.e., _______ or statement of financial position) is a financial statement that reports what an individual or family _______.
_______ minus _______ equals _______
In other words, computing net worth
_______ minus _______ equals _______
Individuals and families can increase their net worth by any one of the following:
_______
_______
_______
_______
Cash flow is the actual _______ and _______ of cash during a given time period
Cash flow statement (i.e., personal income and expenditure statement) summarizes cash _______ for a given period
A Plan for Effective Budgeting
A budget, or _______ , is necessary for successful financial planning
Budgeting will help you do the following:
_______
_______
_______
_______
_______
Budgeting is an _______ , and you will need to _______ your spending plan on a regular basis