Tracey keeps an ongoing spreadsheet to keep track of her income, expenses, and overall financial condition. What two items are the most critical elements of her finances that she should track?

Question

Quizplus · Accepted Answer

While it is possible to track all kinds of information over time, the two most critical elements of your finances are your personal net worth and your personal cash flow. The information necessary for these two measures is often required by lending institutions on loan applications, so keeping it up to date can save you time and effort later.

Tracey Keeps an Ongoing Spreadsheet to Keep Track of Her