Ted is a single guy who’s living the good life. The spreadsheet below shows Ted’s cash flow for a month.
Based on his monthly cash flow, explain what part of Ted’s financial plan might be missing and why.
Question & Answer
Ted is a single guy who's living the good life. The spreadsheet below shows Ted's cash flow for a month
1 Answer
Verified archiveTed’s net cash flow is zero. Therefore, he might want to work on managing his income to get a positive net cash flow. There is no indication that Ted is putting any money in savings.He might want to work on his plan for managing his liquidity so he is prepared for an emergency.