Budgets and Financial Statements

For Financial Planning class. Must be 250 words must cite work.

Budgets and Financial Statements

• Discuss the importance of budgeting in the financial planning process. Explain two (2) approaches that you could take to stick to a budget. Provide one (1) example of such an approach to support your rationale.From the e-Activity, identify the areas where you spend the most money. Next, indicate two (2) ways in which a budget may help you reach your established financial goals.

E- Activity: Using the Household Budget Worksheet located at http://www.kiplinger.com/tools/budget/index.html, track your actual expenses, and identify the differences between the projected and actual expenses.

Note to self: SD DQ Wk2