Understanding Effective Money Management

Understanding impelling specie Management
student Name
University of Phoenix
substantial of Personal Finance FP/120
April 10, 2012
Professor:

Title| Understanding Effective Money Management |

Assessment A, incision 1: Creating a Personal Financial Statement - Assets |
drop behind your assets from the notebook to the screen. |
bills - $378.00  |
Savings account - $826.00  |
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Car - Bluebook value $1250.00 |
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Assessment A, Part 2: Creating a Personal Financial Statement - Debts |
pull back your debts from the notebook to the screen. |
Electric/Gas bill - $131.75  |
Cable/ internet/Phone bill - $80.92  |
bring - $750.00  |
Credit Card - $31.00  |
cell phone bill - $72.37  |
Credit Card Balance - $1379.90  |
schoolchild Loan - $5,000  |
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Assessment A, Part 3: Identify Money Management Tool |
Explain to Monica how you identified the different bullion management tools and why you chose Money Pro. |
I separate on the whole my debts and assts and I entered them. I hope I did the classification correctly. raft you look it if you got the chance?. I choose to use the specie pro system because it seems more beginners friendly.



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Assessment A, Part 4: Creating a Personal Financial Statement - quantitys |
Drag the steps listed on the right into their correct sequences on the left. |
Step 1: I got all my financial stuff together - bills, loans, bank statement, etc.  |
Step 2: I equilibrise my checkbook.  |
Step 3: I decided what assets were and what debts were. |
Step 4: I entered the assets into the program.  |
Step 5: I entered the debts into the program.  |
Step 6: The program gave me a Net worth figure at the end.  |
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Assessment B: Creating a Monthly Cash descend Statement |
For each item listed, decide whether or not it is a fixed or a variable expenditure. |
Student loan payment: fixed  |
Entertainment: variable  |
Rent: fixed  |
Gas: fixed  |
Groceries: Fixed|
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