Evaluating Your Personal Financial Statement

Posted by & filed under Intro to Personal Finance (Grable & Palmer), Personal Finance.

Are Corporations the only entities that benefit from financial statements or individuals can also assess their financial health with these statements? This is the question that this article addresses. The article also goes on to explain the key concepts such as inflow, outflow, net flow, assets, liabilities, and net worth. Just like stakeholders in a… Read more »