Textbook Problem

By the time you are in college, you are in charge of at least some of your own finances. How well you manage your personal budget may indicate how well you will manage your company`s budget on the job. Respond to the following statements to evaluate your own budgeting habits. If the statement does not apply directly to you, respond the way you think that would behave in a similar situation.

1. I spend all my money as soon as I get it.

2. At the beginning of each week (or month, or term), I write down all my fixed expenses.

3. I never seem have any money left over at the end of the week (or mouth).

4. I pay all my expenses, but I never seem to have any money left over for fun.

5. I am not purring any money away in savings right now; I`ll wait until after I graduate from college.

6. I can't pay all my bills.

7. I have a credit card but pay the balance in full each month.

8. I take cash advances on my credit card.

9. I know how much I can spend on eating out, movies, and other entertainment each week.

10.I pay cash for everything

11. When I buy something, I look for value and determine the best buy.

12.I lend money to friends whenever they ask, even if it leaves me short of cash.

13.I never borrow money from friends.

14.I am putting aside money each month to save something that I really need.