Running head: MELISSA THAO, FIVE RULES TO IMPROVE YOUR FINANCIAL HEALTH,
WEEK 5, BADM 3253. 1
According to the paper, “Five Rules to Improve Your Financial Health” by Jean Folger,
Folger explains that the term “personal finance” refers to how you manage your money and how
you plan your future. Everything that we do in our financial decisions and activities will
definitely have an effect on our financial health right now and in our futures.
Do the Math – Net Worth and Personal Budgets. I never knew how to calculate my own
net worth but with this paper and the equations, I can calculate my net worth. Of course I am not
worth much now but once I become more financially stable and able to live out on my own, I
will be able to accumulate a better net worth. Developing a personally budget is just as important
as finding your personally net worth. Creating a budget can help you plan for expenses, reduce
expenses, save for future goals, spend your money wisely, plan for emergencies that occur, and
