cashflowhw - that many expenses (at least I do not think...

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Professor James N. Lazos Essentials of Personal Finance Natalie Laguerre August 5, 2010
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o How does a personal cash flow statement help you organize your finances? “A personal cash flow statement is a financial statement used to evaluate the relationship between your income and expenditures.”(ch.2, pg.29) Therefore, a personal cash flow statement helps you organize your finances by understanding the amount of money that comes in and out of your household in a period of one month or even on year. Personal cash flow statements can also be a reference for you when trying to get a loan(s) or a scholarship(s). o What was the most interesting thing you learned about completing this worksheet? The most interesting thing that I learned about completing this worksheet is that I have money left over after those expenses are paid and that I should be able to save more than I do now. I have also discovered that I do not have
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Unformatted text preview: that many expenses (at least I do not think so). This just makes me wonder why is it that I do not have as much as I should. o Did this worksheet provide you with any ideas about how you may want to change your budget (how much you are spending, saving, or reducing your debt)? This worksheet does not provide me with any ideas on how I may want to change my budget because I have ideas already on how I would like to save more. Some ways that I have decided to save is by getting rid of things that I have been paying monthly. I feel that bills that I can pay in a lump sum I will. When I pay in a lump sum it will help me to not have to worry about interest or putting that bill towards my monthly budget. However, this worksheet provided me with an overview of what my expenses look like....
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cashflowhw - that many expenses (at least I do not think...

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