For this Assignment, write a summary of what you learned from this exercise using the following sections.

• Does my (our) income exceed your expenses?
  • If so, how much are you saving each month, and is it enough? How do you know it is enough?
  • If not, what are your goals for addressing the deficit (i.e., job change, cut back on expenses, etc.)
• How is my (our) short-term savingsif I (we) had an emergency, would we have enough in savings to handle the situation?
• Why is a savings account important? Research how much you should keep in short-term savings. What are your goals for long-term savings?
• What advice do you have for the class regarding how to accumulate savings?
• What else did you learn from this budgeting exercise that could help you and/or your family finances going forward?