Q:

Cassandra is trying to think of a good way to keep her financial records. She makes a lot of purchases, using cash, debit cards, and credit cards about equally. When she gets home every day, she tends to be very tired and doesn’t like to do a lot of organized thinking. She tends to lose individual pieces of paper if she doesn’t file them immediately. What might be a good method for Cassandra to use? a. Recording all of her daily expenditures in an organizational computer program. b. Keeping and collecting receipts for everything she buys. c. Tracking and collecting her bank and credit statements every month. d. Carrying a notebook and immediately recording all of her transactions in it.

Accepted Solution

A:
D) Cassandra's best option would probably be carrying a notebook and immediately recording all of her transactions in it. Since she does not like to do a lot of heavy thinking when she gets home, and tends to lose pieces of paper, this method is ideal because it would allow her to consolidate all her purchase records in one notebook, eliminating the need to carry receipts, and recording them immediately will make it so she can relax when she gets home. Perhaps once a month, she can compile all of her notebook activity into a computer program and reconcile it to her bank statements.