Step 6 of 6
Money Check!
Test what you learned in Chapter 2.
4 questions
Pick an answer to start
1. Cash flow or net worth? Label each statement.
A. You earned ₱35,000 and spent ₱26,000 this month.
B. You own things worth ₱500,000 and owe ₱200,000.
C. You got a raise, but your expenses went up by the same amount.
D. You have ₱100,000 in savings and ₱150,000 in debt.
2. You have ₱100,000 in savings and ₱150,000 in debt, and those are all your assets and debts. What is your net worth?
3. True or false: A high salary automatically means a high net worth.
4. Your cash flow has been negative for three months in a row. What's the best first step?
“You can't improve what you don't measure.”