Question

Need Help

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.

Answer 1

Ted'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.

Hope it helps!