Question

one page summary reflecting on how you would apply what you learned from completing a personal cash flow statement.

Answer 1

Answer)

A personal cash flow statement is a cash flow statement used to record the personal cash inflows and outflows during a particular period as the name indicates. The use of it is I can understand what is my earning and from where I got my incomes and where should I get my pending earning if any I had.It is similar in my expenses that where should I pay and observing what areas extracting my major part of income and hence can find a way to save any unnecessary expense.

Here, by doing my personal cash flow statement when I an a student gives me some Experience from which I can apply some of the basics while working also although I can't apply everything I learned from it as personal cash flow have lot of difference as compared to business cashflows.