Mohammad Nowaiser Maruhom

MEC 108 – Personal Finance

Take some time to compare, and reflect upon your own personal situation with Kate’s. Will you be
able to have “your cake and eat it, too”

Looking at Kate’s personal financial situation, she always goes beyond her cash limit. Her clothing
fashion is a high fashion because she thinks that quality wardrobe is a significant investment and a
necessity. She pays her accounts off as they become due and every weekend is a party-hour.

Comparing my personal financial situation to Kate’s situation is that I do not always go beyond my cash
limit. I always set a limit on my spending and bought what is the most necessary things to buy. With the
question that will I be able to have my cake and eat it too? My answer is YES, our birthday happens once
in a year and it’s a special day and I’ll always allot money for it.