{"id":222,"date":"2019-05-31T20:49:25","date_gmt":"2019-05-31T20:49:25","guid":{"rendered":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/?p=222"},"modified":"2019-06-25T16:46:58","modified_gmt":"2019-06-25T16:46:58","slug":"budget-and-financial-statements","status":"publish","type":"post","link":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/budget-and-financial-statements\/","title":{"rendered":"Budget and Financial Statements"},"content":{"rendered":"\n<hr class=\"wp-block-separator is-style-dots\" \/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcTPi9L-TYJeq5sxMkGlchP7exD2oPZphfQ9Fxuh2SzMiG11jNM_jw\" alt=\"Image result for budget and financial statements\" width=\"267\" height=\"234\" \/><\/figure><\/div>\n\n\n\n<p>The most important part of a budget plan is knowing how much your income is and how to spend it. Without the knowledge of these two concepts, there will be no funding for a business, which results in no business at all. <\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\" \/>\n\n\n\n<p>I have my own personal budget, that can easily relate to an entrepreneurship budget. Through my bank, I have one checking account and two savings accounts. Savings Account 1 is my &#8220;back-up&#8221; checking account and I use this if I don&#8217;t have enough money in my checking account. Savings Account #2 is not accessible through mobile banking and I use it to save money for vacations and rainy days. I receive a certain amount of money my job at Harris Teeter every Tuesday. When I receive a paycheck, I have my bank automatically take $25 out that day and put into Savings Account #1. Every other Tuesday, another $25 comes out and goes into Savings Account #2. All of these transactions are available to me by a paper statement in which I save in a file. This is important and can be related to an entrepreneurship budget because it is important to see expected income and expenses. <\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-wide\" \/>\n\n\n\n<p>Along with the module videos, I also watched this video on Youtube which explains how to reach your financial goals as an entreprenur<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"The Budgeting Process: How to Create a Budget to Reach Your Financial Goals\" width=\"1000\" height=\"563\" src=\"https:\/\/www.youtube.com\/embed\/lCINDfDgmlA\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The most important part of a budget plan is knowing how much your income is and how to spend it. Without the knowledge of these two concepts, there will be no funding for a business, which results in no business at all. I have my own personal budget, that can easily relate to an entrepreneurship&#8230; <\/p>\n<div class=\"link-more\"><a href=\"https:\/\/sites.wp.odu.edu\/taryngilbert002\/budget-and-financial-statements\/\">Read More<\/a><\/div>\n","protected":false},"author":13953,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wds_primary_category":0},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/posts\/222"}],"collection":[{"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/users\/13953"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/comments?post=222"}],"version-history":[{"count":5,"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/posts\/222\/revisions"}],"predecessor-version":[{"id":368,"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/posts\/222\/revisions\/368"}],"wp:attachment":[{"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/media?parent=222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/categories?post=222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/taryngilbert002\/wp-json\/wp\/v2\/tags?post=222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}