Presently you are the business of managing your own money


Presently you are the business of managing your own money. For one week keep track of all you purchases and expenses for a week. Put your expenses into categories, such as: food, housing, clothing, transportation, education, utilities, cell phone, health, childcare, recreation, donation, restaurants / fast food, etc. and analyze your expenses (spending). What does this information tell you about spending? You must be able to account for all you expenses each day. Was it easy to save all the receipts? Summarize your expenses into categories. Show your spending in a summary table by categories. How many receipts and money were you missing?

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Accounting Basics: Presently you are the business of managing your own money
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