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Learning Objectives
- Understand the purpose of cash flow planning.
- Identify reasons some people avoid having or sticking to a budget.
- Identify changes in personal spending behavior that contribute to wealth building.
- Explain the difference between a cash flow statement and a budget.
- Develop a filing system for keeping financial records, both paper and electronic.
- Describe record keeping features that financial institutions provide for online account management.
- Describe how to use different payment methods and banking features.
- Define zero-based budget.
- Develop a plan for spending and saving that has both long-term and short-term components.
- Analyze how changes in circumstances can affect a personal budget.
Assignment 3.S.1
- Read each of these statements and mark whether you agree or disagree.
Assignment 3.S.2
- Review Real Wealth Building Begins With Your Behavior in Section 1.
- Make a copy of this Google Document, rename it Wealth-Building Habits-(Your Initials), and move the file into your Chapter 3 folder.
- Fill in the graphic organizer with the seven wealth-building habits.
Assignment 3.S.3
- Utilize this Chapter 3 Review to assess your learning from Chapter 3. You have as many attempts as you need to get as good of a score as you can. You are free to use your Chapter 3 Textbook when going through this review.
Assignment 3.S.4
- Make a copy of this Google Document, rename the document Short Answer 3-(Your Initials), and move it into your Chapter 3 folder.
- Use your Chapter 3 Textbook to help answer your questions.
Assignment 3.S.5
- Make a copy of this Google Document, rename the document Case Studies 3-(Your Name), and move it into your Chapter 3 folder.
- Read THREE of the cases and write a possible resolution to the problems presented. Remember to apply the personal finance knowledge and principles you have learned in this chapter.
