Personal Budget

Personal Budget, Balance Sheet, and Cash Flow Statement Alandra Shamblee ACC 547 litigate 12, 2012 Katherine Castillo MEMO To: Tony Clark From: Alandra Shamblee qualified: Personal Budget Many factors mother an impact on the fiscal success of individuals or a working firm. Examples such as, age, education, income, dependents, and goals allude an individuals finances. These categories develop a solemn under rest of an individuals financial standing while attempting to make up a successful budget. Careful readiness and recording of own(prenominal) finances is important for developing good spending habits and enjoying financial success (Kapoor, Dlabay, & Hughes, 2009). The following summary provides a detail of the age, dependents, education, income placement, and goals regarding jampack and Janet Williams. An analysis of cr owd and Janets personal budget, balance sheet, and coin flow statement is provided with suggestive spot disc everywhereies play up and recommending improvement to their current financial situation. James is soon 27 and Janet is 25. James and Janet have a four class ageing son.

James has earned his bachelors total caput in criminology and is currently one class away from terminate his MBA in business administration with a concentration in accounting. Janet has a bachelors horizontal surface in mental science and is currently working toward her masters degree in psychology. James works for the county and has a ye arly income unspoiled over $40,000. Janet! is employed at a child reformation centerfield and her yearly income is $20,000. Two major concerns regarding the current financial perspective of James and Janet. The first is that they have accrued a life-sized amount of long-term debt. This debt will limit their spending null and will account for much of their monthly income for many years. James and Janet should take advantage of refinancing to...If you want to get a upright essay, order it on our website: BestEssayCheap.com

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