Day 49

Lesson Objectives

  • Explain the basics of money management.
  • Create a personal balance sheet.
  • Develop a personal cash flow statement.
  • Describe what makes up a financial plan and why it is important

Notes 2-1

  1. Obtain a Notes 2-1 handout from your instructor and fill in the missing parts through the presentation.  You can also view the presentation here.

Assignment BUU2.1

  1. Inside of your Budget Unit folder, create a new folder titled Lesson 2.  All your tasks completed in Lesson 2 should be stored in this folder.

Assignment BUU2.2

  1. Utilize this “Where it all begins” article to learn more about the five steps to financial planning.  Make a copy of this Google Document, rename it Financial Planning-(Your Initials), and move it into your Lesson 2 folder.  As you read, answer the questions and identify these five new vocabulary terms listed below:
    • Cash Flow
    • Financial Planning
    • Goals
    • Opportunity Cost
    • Values