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ity, you ing you Based on this, you will develop budgets for different phases of life. Directions and Analysis Task 1: Budget and Net Worth

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ity, you ing you Based on this, you will develop budgets for different phases of life. Directions and Analysis Task 1: Budget and Net Worth Keep track of your income and expenses for one month. List all your assets and liabilities (debts owed) in a spreadsheet. Based on these documents, develop a monthly budget and a net worth statement. 300$ in a checking account 200$ in a savings account Income/Montly budget is 400$ Charge card at Macys 50$ Phone Bill 43$ Insurance 196$ Fun/food 100$ Assets 900$ Liabilities: 389$ Net worth 511$ Task 2: Financial Goals Determine and list your financial goals. My financial goals is buying a car ***ONLY 16 YEARS OF AGE *** Task 3: Budget for 25- to 30-year-old Business Professionals Talk to your mentor, family members, or relatives between the ages of 25-30 and who are employed to see what their budgets look like. Develop a sample budget for someone aged 25 to 30 years old. IDK Task 4: Budget for 55- to 65-year-old Business Professionals Talk to mentors, family members, or relatives between the ages of 55-65 and who are nearing retirement. Develop a sample budget for someone aged 55-65, considering the adjusted income and expenses in this life phase

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