1. Describe the 6 components of the "9 things" and include specific personal examples for each component. the 6 components are: 

1. Determine your current financial situation, 

2. set financial goals, 

3. Develop a budget,

 4. Determine the Needs vs. the Wants, 5. cash flow (personal income and expenditure statement), and

 6. Review and Revise your budget.

 

2. Provide an example of another budgeting app (EXCLUDING EverDollar and YNAB) the pros and cons to this budgeting app.

3. Finally, why would using the budgeting app YNAB be the best to meet one personal and financial needs? Please provide a detailed response for the question.

Answer rating: 100% (QA)

1 The 9 things framework encompasses six components to help individuals manage their finances effectively 1 Determine your current financial situation This involves assessing your income expenses asse... View the full answer