The Management Practice (Copyright 2003) Managing Your Household “Take Control of your Life” to

©The Management Practice Current Issues  Most households are poorly “managed”  Household performance can frequently be a source of conflict between members  The majority of what we do around the house does not create “value” for the household  Most households have never discussed, agreed, or planned for their lifestyle priorities  Most people have never been shown how to manage their household and to “take control” of their life

©The Management Practice The Solution for your Household The “do-it-yourself” Kit for a healthier, wealthier, and wiser household

©The Management Practice Why My Actions Manager ?  Easy and quick way to implement  Low cost access to experience and knowledge  Applicable to all educated households  Creates real “value” for the Household, both immediately and continuously  Assesses value to assist in making “right” decisions  Brings all household members together and encouraged frequent interaction  Creates a method for discussing difficult subjects in a non-threatening way  Tracks the household progress in achieving its actions

©The Management Practice myWealth Manager  Simple & logical process (must implement “Starter Kit” before moving to “Advanced Kit”)  Paper-based for quick results (also on PC)  Supported by Internet help and more tools  Lets all household members participate for your Household HERE IS HOW IT WORKS MODULE #2 StartHere myExpense Tracker Review & Update 5x5 Action Manager myExpense and myIncome Summary myCash Manager “Advanced Kit” myAssets Manager Create Household DNA MODULE #1 Assess Value & Risk Develop 5x5 Actions Agree Actions & Review “Starter Kit” Skip all Module details Set-up myPersonal Manager 5

©The Management Practice Step #1: Create the Household DNA Set up your desired “Household Balance”: Score the current value (importance) to you and your household of each “blue” element in this diagram. Green Orage Red Value codes (V) are scored as follows. Green = Low Importance Orage = Medium Importance Red = High Importance. (Add any new components to blank boxes).

©The Management Practice Step #2: Assess Household Risks Assess Your Household Risk: Green Orage Red Risk (R) codes are scored as follows. Green = Low Risk Orage= Medium Risk Red = High Risk

©The Management Practice Step #3: my Actions Planner  Step #3 Discuss your current Household DNA and Plan your future actions and direction  Transfer “Current value” assessment from DNA map.  Transfer Risk of each element (Green = Low Risk, Red = High Risk).  First focus on “Double Reds” and brainstorm various plans to address each area. Priority order is  Top priority = Red/Red  2 nd priority = Red/Yellow  3 rd priority = Yellow/Red  4 th priority = Yellow/Yellow

©The Management Practice Step #4: My Actions Management Review  Step #4 Consolidate and review all new and old Actions  Discuss and write down all new ACTIONS that should be taken for all risk-rated items.  Discuss each suggested action and decide on the most important (maximum of five in each area).  Highlight the top priority actions in each area.  Rate current status at left of actions (Red=Poor, Yellow, or Green=Good).  Review after 6 months (marking status on right side of actions).

©The Management Practice Step #5: My Personal Manager  Step #5 Compile Personal Information Enter all your personal contacts, investments and financial into this booklet for fast and easy access. Skip Advanced Module

©The Management Practice Step #6 : My Expense Tracker  Step #6 Finding out where the Money goes  Place the myExpense Tracker on the kitchen fridge using the fridge magnet supplied.  Record all household expenses as they occur.  Categorise all household expenses in their appropriate area row.  As soon as any row is filled (nine items), then add up all rows and transfer the totals to myExpense Summary sheet.  Continue with a new sheet on the fridge.

©The Management Practice Step #7.1: My Expense& Income Summary  Step #7.1.1 Summarise Expenses As tracker sheets are filled up (from the fridge sheet)  Step #7.1.2 Summarise Income Enter all household income onto this sheet.

©The Management Practice Step #8.1: My Cash Manager  Step #8.1 Summarise all Income and Expenses for 3-months and calculate Net Cash Flow  Add up summary sheets and transfer totals to myCashflow Manager.  Subtract total expenses for total income to get Net Cash Flow.  Highlight all expense items that seem higher than they should be for the 3-month period.

©The Management Practice Step #8.2: My Cash Manager Actions  Step #8.2 Decide on financial ACTIONS that could be taken.  Discuss all highlighted items from myCashflow Manager and write down suggested ACTIONS that could be taken.  Discuss each suggested action and decide on the most important (maximum of five).  Highlight the priority actions and transfer them to myActions Management and Review sheet under “Financial”

©The Management Practice Step #9.1: My Assets Manager  Step #9.1 Assess replacement value of all household goods.  Estimate the replacement value of all household contents.  Total value and print out for notification to your Insurance company.  Repeat valuation each year.

©The Management Practice Step #9.2: My Assets Manager  Step #9.2 Prepare a maintenance check of your house and property  Mark the condition of all assets and write down suggested ACTIONS that should be taken for all “Poor” rated items.  Discuss each suggested action and decide on the most important (maximum of five).  Highlight the priority actions and transfer them to myActions Management and Review sheet under “Physical”

©The Management Practice Step #10: My Actions Manager Review  Step #10 Consolidate and review all old and new Actions  Discuss and write down all new ACTIONS that should be taken for all risk-rated items.  Discuss each suggested action and decide on the most important (maximum of five in each area).  Highlight the top priority actions in each area.  Rate current status at left of actions (Red=Poor, Yellow, or Green=Good).  Review after 6 months (marking status on right side of actions).

©The Management Practice Step #11: My Wealth Manager  Step #11 Prepare a current Net Worth statement and set your next year targets  Estimate current Asset and Liability value.  Project your position in 12 months time.  Assess your position against your Financial DNA and include additional Actions if necessary.  Continue process of improvement and review.

©The Management Practice Who will buy “Action Management for your Household” ?  Individuals who have an orderly business life but who recognise that they need to have more focus on their home life.  Senior Managers who wish to provide a useful gift for their staff to obtain a good home-life and business-life balance.  Senior Managers who wish to provide staff with an introductory program prior to implementing “Action Management for your Company” “Action Management for your Company”  Gift by thoughtful people buying for:  21 st birthday  Engagement  Wedding

©The Management Practice Action Management “TRANSITION” HouseholdDNA “Value Creation” BusinessDNA myActionsManager for your Household Start with the Household => => => => Migrate to your Business 5 x 5 Definition myActionsManager for your Business 5 x 5 Definition “Changing Behaviour by focusing on Actions” Create your DNA 5 x 5 Measurement Behave: “to manage the actions of oneself in a particular way”

©The Management Practice  FREE support for any questions not covered in the FAQ on how to implement My Household and  Registered Internet Membership of and receive  FREE additional stationery to download  Assess to FREE household budgeting tools to download  FREE download of Module2 - Advanced Kit software. Supported by The Management Practice

©The Management Practice Next Step?  If you recognise that you need help  If you recognise that you need help then order the “Starter Kit” for $19.95 from our Website. Just go to orwww.actionmanagement.com.au  If you don’t recognise that you need help  If you don’t recognise that you need help Educate yourself by buying our book ($38.50) on “Action Management for your Household”. Purchases can be made online on our Website (or buy it now for $20 cash) or  Do Both !

©The Management Practice Do it Right !  Lifestyle is about choice. Choice is about Decisions. Your choice. Your decision.  Take control of your Life with My Actions Manager for your Household