Budgeting

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Budgeting and maintaining financial records are a significant part of financial planning and provide the road map to financial security.

Financial Planning helps you do the following: ,[object Object],[object Object],[object Object],[object Object],[object Object]

A BUDGET must balance. Money coming in (earnings) must equal money going out (spending plus saving).

Preparing a Budget ,[object Object],[object Object]

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Personal Records ,[object Object],[object Object]

You should keep: ,[object Object],[object Object],[object Object],[object Object]

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[object Object],Total $9,300 Assets minus liabilities $7,400 Net Worth Total Assets $9,300 Inventory attached 5,000 Personal property: Total liabilities $1,900 Car value 3,000 Loan from mother 100 Savings account 800 Loan on car $1,800 Checking Account $ 500 Liabilities Assets Net Worth Statement Nygen Phomn January 1, 2004

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Budgeting

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Budgeting