Reference no: EM132218323
Question - Consider your Daily Spending Diary. Is this pretty typical of the way you spend your money? Why or why not?
Were you surprised by where your money went? Why or why not?
Consider the statements you completed. Do you have more or less money/assets and liabilities than you thought? Do you think you could be managing your money "better" in light of your current situation?
Prior to the start of this assignment, were you already keeping a budget?
How did you use the cash flow statement to inform the development or revision of your budget?
What, if any, practices will you maintain or change as a result of what you learned doing this assignment?
What else could you have included in this financial assessment to offer a more complete "financial picture"?
Was this project worthwhile for you? Why or why not? Have you set any goals based on what you learned (for example, to start an emergency fund or pay off debt)?