Title Understanding Effective Money Management

Assessment A, Part 1: Creating a Personal Financial Statement - Assets
Drag your assets from the notebook to the screen.
Savings account - $826.00
Cash - $378.00
Car - Bluebook value $1250.00

Assessment A, Part 2: Creating a Personal Financial Statement - Debts
Drag your debts from the notebook to the screen.
Electric/Gas bill - $131.75
Cell phone bill - $72.37
Student Loan - $5,000
Rent - $750.00
Credit Card Balance - $1379.90
Cable/Internet/Phone bill - $80.92
Credit Card - $31.00

Assessment A, Part 3: Identify Money Management Tool
Explain to Monica how you identified the different money management tools and why you chose Money Pro.
I chose Money Pro because it is very user friendly. Then any other software out in the market… the main Money pro is easy to use, and easy to use their user friendly wizard..

Assessment A, Part 4: Creating a Personal Financial Statement - Steps
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 balanced my checkbook.
Step 3: I decided what were assets and what were debts.
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.

Assessment B: Creating a Monthly Cash Flow Statement
For each item listed, decide whether or not it is a fixed or a variable expenditure.
Groceries: variable
Gas: variable
Phone bill: fixed
Entertainment: variable
Haircuts: variable
Cable bill: fixed
Electric bill: fixed
Coffees: variable
Student loan payment: fixed
Credit card bill: fixed
Rent: