3. net worth
a. wealth minus debts
b. a table with rows and columns for recording financial data
c. to add up several financial numbers
d. a piece of paper which shows how much you have spent
e. pocket money
f. person in charge of tracking money in a business
Now do this
1 Write down what you think you spend your money on, without tracking. Then track all your expenses for a week. Are you surprised? Is your first estimate in line with what you really spent your money on?
2 Make a spreadsheet that starts with how much money you have, and then carefully track how you spend it every week
3 Does tracking affect your spending habits? Do you now think twice before spending?
1. c, 2. e, 3. a, 4. f, 5. d, 6. b