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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.

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 Te class=

Verified Answer :

scme1702

Ted is not saving any money, so he may be missing a budget. This is evident from the fact that his total cash outflow for the month is equivalent to his total cash inflow.

aaronsalazar711

Ted is not saving any money and it seems like he doesn't have a fixed budget. You can see this because his total cash outflow for the month is the same as his total cash inflow.