financial Decisions and Planning
Good money management begins with taking a careful look at your needs and wants. In the chapter, you will learn how your financial resources impact your choices. You will look at where you are now financially and prepare a personal net worth statement. You will study strategies you can use to make better financial choices. You will then explore budgeting and create a simple budget. You will learn about budget variances and how to keep good financial records. Finally, you will examine a five step financial planning process, which begins with setting your personal and financial goals.