Personal Budget Reflection

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While taking this class (Family and Personal Financial Planning), I start to realized how important is my budgets. This class helps make me pay more attention into my income and my spending budgets. This class makes me look back into my checking and my saving, how much I can spend on each month and how much should I need to save. After chapter 3 about budgets, I had signed up a moneys tracking with my bank account online to help me see how much I spend on each month and spend on what. There is a surprise for me, after I signed up for the money tracking, my tracking money account showed that I spend most of my money for eating out. I am looking back into the past couple months, I had spent around $300 to $400 each month just for eating out. Therefore, I become very careful with my budgets, I start to control mine eat out budgets and start to set a budget for …show more content…

Because it’s like how everyone been saying accident could happen anywhere and whenever no one know. Therefore, it’s always great to have something that going to protect myself. Whenever I get hurt or die, I sure that government benefits may help meet only some of the needs, but not going to cover everything, so life insurance can close any remaining gap in need for me. However, there is still some reason that hold me back for buying life insurance for myself because there is so many types of life insurances (term life insurance, cash-value life insurance, whole life insurance, universal life insurance and ext.) out there, so I not sure which one is the right one for me. Going through chapter 12 about life insurance, it has a lot of great information about life insurance as insurance, death benefit, incontestability, and ext. Now I start to have an idea on which types of life insurance that I would like to have and which one might be right for

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