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2: Review Your Knowledge
Identify steps to develop a budget based on personal financial goals.
Explain the differences between fixed expenses and variable expenses and provide an example of each.
Explain how to create a cash flow statement.
Explain how to create a net worth statement.
Discuss the benefits of creating a good recordkeeping system for financial documents.
How can money management software assist an individual in financial planning?
Identify examples of financial tasks that young adults must address.
List an example of a variation in the family life cycle.
Analyze how the family life cycle influences financial decisions.
List ways to avoid financial problems.
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