Ch 04: Why Is This Important to Me? - Analysis of Financial Statements 1. How do you evaluate your finance health? How healthy are you financially? Over the years, you have developed a certain way to manage your finances by spending your pocket money in different categories. The way you spend your money determines how healthy you are financially. Think about the way you allocate your pocket money and any earnings you have. Use the following scale to complete the survey that evaluates potential financial concerns you might encounter as a student. (Note: There are no wrong answers. Add up the numbers after you answer the questions to determine the manner in which your personal relationship with finance might affect you. This exercise is intended to help you determine how you can relate and apply the material from this chapter to your daily personal and professional life.) 1. I have never thought about it. 2. I rarely think about it. 3. I think about it, but I am not sure what to do next. 4. I think about this stuff pretty often, and I am curious to know more. 5. I think about this stuff all the time, and I want to know more about how to apply the chapter's concepts and techniques so that I can be more successful financially. Ch 04: Why Is This Important to Me? - Analysis of Financial Statements Have I ever thought about... a. If my car needs $1,200 in repairs today, do I have enough to cover the cost? b. If my job frequently requires me to work late or on weekends, is it worth it to pay additional money for premium television channels (for entertainment purposes) when I am not working? c. How much debt do I have today in relation to what I own? Can I take on more loans and still manage to pay them off with my income? d. How much wiggle room do I have between my expenses and my pocket money? Am I profitable? If I am earning, what is the return on my total assets? Are my assets growing, year to year? e. How much earning power do I have based on income I could earn, as compared to the total assets and skills I have