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UNIT Money matters 6 Lesson Descriptions Money Matters 1: Setting a Budget How can budgeting now help me make a big purchase later? Money Matters 2: Take it to the Bank! Why should I have a bank account,

How to fill out money matters 1

How to fill out money matters 1:

1. Start by gathering all necessary financial information, such as income statements, expense receipts, and bank statements.
2. Begin filling out the form by entering your personal details, such as your name, address, and social security number.
3. Provide accurate information about your employment, including your employer's name, address, and contact information.
4. Proceed to the income section, where you will need to report your sources of income, such as wages, benefits, or rental income. Include relevant details such as frequency (weekly, monthly), amount, and any applicable deductions.
5. Next, move on to the expense section. Be thorough in listing your monthly expenses, including rent or mortgage payments, utilities, transportation costs, groceries, and any other recurring bills. Make sure to account for variable expenses as well, like entertainment or dining out.
6. If applicable, provide details about any assets you own, such as property, vehicles, or investments. Include their current market value and any outstanding loans associated with them.
7. Lastly, review the form carefully before submitting it. Double-check for any errors or omissions to ensure accurate information is provided.

Who needs money matters 1:

1. Individuals who are applying for financial assistance, such as loans, grants, or scholarships, may need to fill out money matters 1 as part of the application process.
2. Organizations that require financial documentation, such as banks, lenders, or insurance providers, may request individuals to complete money matters 1 to assess their financial standing.
3. Money matters 1 can also be used for personal budgeting purposes. People who want to gain a clearer understanding of their financial situation and create a budget can benefit from filling out this form.

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