MCS 2100 Chapter 2: FALL 2015

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 2100
• Professor: Rosemary Vanderhoeven

Document Summary

Notes: storing and maintaining personal financial records and documents, creating personal financial statements (balance sheets and cash flow statements of income and outflows, creating and implementing a plan for spending and saving (budgeting, an organize system of financial records provide basis for, handling daily business affairs, including paying bills on time, planning and measuring financial progress, completing required tax reports, making effective investment decisions, determining available resources for current and future buying, most financial records are kept in: a home file, a safety deposit box, or a home computer, where to keep financial records: Credit card numbers: personal financial statements: documents that you can create yourself, personal balance sheet & cash flow statements, summarize the value of items that you own and the amounts that you owe, track your cash inflows by source and your outflows by type, identify strengths and weaknesses in your current financial situation, measure progress towards your financial goals.