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Financial_Checkup_Analysis_and_Report - Financial Checkup...

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Financial Checkup ReportEnter what you learned about each of your personal worksheets plus a summary of youroverall financial situation.Refer toThe Financial Checkupbooklet for information aboutwhat write.Financial Ratios – include a comparison to the recommended amounts.Budget – include which budgeting method you used and how it worked for you.WorksheetReportTrackingI learned a lot from my month of tracking. Comparing myincome and expenses made me realize how much I’m actuallyspending on food, clothes, etc. each month. I didn’t realize howmuch of my money was going towards wants. Thanks to thisworksheet, I have saved more money than ever and kept it formy needs, and sometimes wants. I make sure that I have mybills paid first and invest a little bit of each paycheck beforespending it on a temporary want.Net WorthBesides tracking my income and expenses,the Net Worthworksheet was the first worksheet. I was worried about havingto save money by taking it out of my checking account andtransferring it to my savings account. The main reason for thiswas because I didn’t think of it as saving, I thought of it as howmuch money I’m wasting by taking it out of my paycheck andleaving it alone. By the time this was done, I was glad to havemoney saved up and it made me want to continue savingmoney. I now take 10% out of each paycheck and set it aside

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Term
Spring
Professor
AlenaJohnson
Tags
Debt, Want, Saving

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