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What are the purposes of a personal budget, balance sheet, and statement of cash flow? A minimum of 200 words.

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What are the purposes of a personal budget, balance sheet, and statement of cash flow? A minimum of 200 words.

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What are the purposes of a personal budget, balance sheet, and statement of cash flow? A minimum of 200 words.

A personal budget is used as a plan for an individual that details estimated income, expenses, plans for savings, and also details debts. The individual uses a personal budget to properly allocate their money to cover current expenses, and to properly designate what percentage or amount of their funds will be used for each major category in the personal budget. If a person is high in debt, a personal budget can be ...

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