PERSONAL BUDGET AND NET WORTH STATEMENT
The last lessons before we start reviewing for STAAR are dealing with money! $$$
A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget.
You're going to need to this for college!
A net worth statement is very simple to calculate.
Net Worth= Assets - Liabilities
Asset: property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Liability: a thing for which someone is responsible, especially a debt or financial obligation.
After we finish going over this we are going to review for STAAR!
10 DAYS and counting!!!
Have a Great and Relaxing weekend!
No comments:
Post a Comment