Day 19

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. Read “Where it all begins” to learn more about the five steps to financial planning.  As you read, identify the five new vocabulary terms listed below:
    • Cash Flow
    • Financial Planning
    • Goals
    • Opportunity Cost
    • Values
  2. After you have read the article, then answer these questions.