FP 101 Week 2 Assignment

FP 101 Week 2 Assignment - I think that it is an important...

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1. How does a personal cash flow statement help you organize your finances? I believe that a personal cash flow statement helps you organize by showing you how much you are actually spending each month. If you are able to see how much you are spending monthly, it will help you better with your budget. It better helps you organize what you project will be your income and bills for the month. Then once you get your paycheck(s) for the month and your bills start coming in, you will be able to see if you were on target with your projected costs. 2. What was the most interesting thing that you learned about completing this worksheet? The most interesting thing after I completed this worksheet was that I could actually see where all of my hard earned money was going every month.
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Unformatted text preview: I think that it is an important spreadsheet that we should all consider using to help us stay on track with our individual budgets. 3. 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 provided me with numerous amounts of information. It has showed me that there is always a better way to track your monthly expenses. I believe that once I show this worksheet to my husband, that he will want to use this every month to track our budget. The worksheet has showed me that there are some things that I need to reduce my spending and has given me some insight on things that I can cut down on in order to start saving....
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