Short Paper - Looking at Your Financial Records.docx - Jesus Emmanuel Soria Completing my personal balance sheet was a bit difficult for me but after

Short Paper - Looking at Your Financial Records.docx -...

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Jesus Emmanuel Soria Completing my personal balance sheet was a bit difficult for me, but after much consideration I’ve drawn some conclusions. For the sake of clarification, I believe it’s important to know where I am in my young adult life currently and my financial situation. I’m 20 years old and I currently work full time while going to school part time and I currently live with my parents. Although most of my earned income goes towards my bills and I help pay all the bills in the house, if needed my family could step in and cover my expenses in the event of an emergency. However, I manage to take care of myself financially. Most of my income goes towards bills and mainly one investment, which is my car. I try to set aside some money in my savings account weekly and I also make sure to pay my credit cards off as soon as I can, almost every month. With all my expenses I have enough money saved to last maybe a month or two in case of an emergency. I did have more saved up, but after some financial obligations I decided to dip into my saving rather than my credit cards.
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