1. Why are financial records important? How does keeping organized financial records contribute to successful money management? 2. Create a cash flow statement for your own finances. Why are cash flow statements useful in managing money? 3. What are the characteristics of successful budgets? What can you do to cultivate these successful characteristics in your own money management? 4. What are the pros and cons of using the different types of budget systems? Which one do you prefer? 5. Create a monthly budget for yourself using the steps discussed in the unit. If you don't wish to discuss your financial situation, you can create a budget based on an average individual your age