"Money management refers to the day-to-day financial activities associated with using limited income to satisfy unlimited wants & needs. It involves getting the most for your money through careful planning, saving, and spending. It also involves making and using a plan for spending."
Answer the following questions by posting a comment to this blog.
1. What are some ways a person can keep track of their money?
2. What are your personal assets?
3. What do you think your first liabilities will be?
4. Write a paragraph describing your plans after high school. Imagine that you plan on moving out of your parent's home, how will you pay for rent, utilities, food, clothing, car insurance, gas, and basic needs? Be sure to write how much money you think each item will cost in your answer and give a total dollar amount for cash inflows, outflows and net cash flow for a one-month period.
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