What is the second logical step in gaining perspective into your financial situation?
A)Understand the elements of personal financial statements
B)Keep a spending journal
C)Create a personal cash flow statement
D)All choices are incorrect.

Question

Quizplus · Accepted Answer

Once you have an understanding of your income and expenses through a spending journal, the next logical step is to begin organizing that information into personal financial statements. This will include understanding your assets, liabilities, and net worth.

What Is the Second Logical Step in Gaining Perspective into Your