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.

task 2: financial goals
determine and list your financial goals.

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.

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.