Why is a savings account important


Assignment: Personal Monthly Budget

Develop a personal budget using the main components of wise money management

Assignment Instructions:

Using the excel file attachment, Personal Monthly Budget, answer the following questions.

1. Does your income exceed your expenses?

o If so, how much are you saving each month and is it enough? How do you know it is enough?
o If not, what are your goals for addressing the deficit (i.e. job change, cut back on expenses, etc)

2. How is your short-term savings-if you had an emergency, would you have enough in savings to handle the situation?

3. Why is a savings account important? How much do you need to have in savings?What are some tips to accumulating savings?

Format your assignment according to the following formatting requirements:

1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

Attachment:- Personal-Monthly-Budget.rar

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Accounting Basics: Why is a savings account important
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