Henri wants to get better control of his personal finances. He should begin by setting up a personal balance sheet and a personal income statement.

Question

Quizplus · Accepted Answer

Setting up a personal balance sheet and personal income statements are important steps in gaining control of personal finances. A personal balance sheet provides an overview of an individual's assets and liabilities while a personal income statement shows income and expenses over a particular period. These two documents can help identify areas where spending needs to be reduced and where investments should be made, ultimately leading to better financial management.

Henri Wants to Get Better Control of His Personal Finances