Budgets and Net Worth

What is the formula to find NET WORTH?

Property owned by a person or company, regarded as having value is an __________

The difference of what you own and what you owe (the difference between assets and liabilities)

Assets-Liabilities=

Assets=$20,000

Liabilities=$50,000

What is the net worth?

Which of the following is an asset?

You can have negative Net Worth.

A thing for which someone is responsible, especially a debt or financial obligation is a _____.

Negative Net Worth is defined as:

Based on the chart above, what is the Net Worth?

Positive Net Worth is defined as:

Based on the chart above, what was the net worth?

What percent of Sherri's total monthly budget is put into savings?

What percent of Sherri's total budget is put into cable and cell phone?