Need to Know
Students should able to answer the following questions:
Net cash is defined as……
· State four reasons why families should prepare a budget
· What are the problems with having a budget deficit?
o How might it be resolved/avoided?
· You must be complete a budget for a family
o What do I do if savings appear in a budget?
o How do I calculate Net Cash?
o What two places do I put opening cash?
o How do I calculate closing cash?