Review Chapter 3 and prepare a personal balance sheet following the example from Exhibit 3-3. Consider how you might shift, through savings and debt reduction, liabilities to assets. Next, prepare a well-disciplined household budget that can lead you to your goals. Once you have completed the exercise, discuss what you learned in this discussion forum. What are the areas where savings or reductions could help you? How long will it take? Are your goals reasonable, considering your resources? Please note that there is no need to post your personal balance sheet in this forum. Respond to at least two of your classmates’ postings.