MCS 2100 Lecture Notes - Lecture 2: Market Basket, Disposable And Discretionary Income, Cash Flow Statement

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

Document Summary

Allow you to measure and assess your nancial position and progress ! Your spending plan is basis for effective money management ! A system for personal financial records : invoices, credit card statements, insurance policies, and tax records are the basis of nancial. Thursday, september 17, 2015 record keeping and personal economic choices : organized system of nancial records provides basis for: ! Handling daily business affairs, including paying bills on time ! Determining available resources for current and future spending : most nancial records kept in one of three places: a home le, a safety deposit box, or a home computer ! Home le can be anything where you store important documents (folder, a drawer at home, etc. ) Look at exhibit 2-2 ***** very important ! Safety deposit box: a private storage area at a nancial institution with maximum security for valuables and dif cult-to-replace documents !