7. Step 2: Record
Monthly Expenses Worksheet
Once he’s collected all his expenses, Henry fills in his monthly expenses worksheet.
Did Henry have money left over at the end of the month? Not quite, but very close. He tells his visiting cousin, Erin:
I'm doing just fine
But I thought you told me you’d just taken this financial course that stressed risk management. Didn’t you say you came away from the exercises recognizing you had no health insurance and that your car insurance was way low on liability coverage?”
Yeah, but I’m young. I’ve got plenty of time for those.”
Didn’t you just tell me you wanted to marry Linda? What happens if you get hurt or die? I don’t see any expenses for health or life insurance."