Make ecommendations to help lisa improve money

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Reference no: EM132908961

Lisa is trying to get her personal finances in order. She does not know how to organize the following information.

Mortgage Payment  1,175

House  210,000

Credit Card Balance  9,300

After-tax Income  3,000

Groceries Expense  240

Car  15,000

Clothing  450

Car Loan Payment  360

Furniture  10,000

Car Loan  10,000

Car Maintenance  150

Utilities Expense  100

Cash in bank  500

Mortgage  181,000

Recreation Expense  400

Lisa has come to you for help.

Problem (a) Organize the above financial information into a properly formatted (i) Personal Cash Flow Statement and (ii) Personal Balance Sheet.

Problem (b) Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio.

Problem (c) Make at least 4 recommendations to help Lisa her improve her money management?

Reference no: EM132908961

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