General Money Management

Slides:

Advertisements

Similar presentations

Mrs. Wilson Business Essentials. This lesson provides information about money management basics and the reports used to measure financial progress.

Advertisements

Money Management A system of planning for spending based on expected income.

But you do not need to! What Determines the Value of a Thing?

Using Financial Records Cash flow and Final Accounts Every business needs to record… -Cash Flow -Profit -Net Worth.

C H P ERSONAL F INANCIAL S TATEMENTS. Goals: Explain the basics of money management. Create a personal balance sheet. Develop a personal cash flow.

Stock Market Analysis and Personal Finance Mr. Bernstein Personal Financial Statement, pp February 19, 2015.

Accounting and Financial Reporting Entrepreneurship & Small Business Management.

FINANCE, It’s a Personal Thing ! WHICH WAY IS NORTH ?

Financial Statements Q&A. Name a type of Financial Statement?

Chapter 2 In-Class Notes. Personal Cash Flow Statement Record Your Income Salary, interest income, dividends Record Your Expenses Rent, living expenses,

COMMUNICATING KEY TERMS CHAPTER 3 MONEY MANAGEMENT STRATEGIES NAME TEACHER DATE NAME, TEACHER AND DATE1.

Bennie D Waller, Longwood University Personal Finance Bennie Waller Longwood University 201 High Street Farmville, VA.

E-Commerce Project Tenth Lecture Mohammed Antour

User-Defined Placeholder Text Chapter 3 Money Management Strategy 3.2.

Ch Personal Finance Personal Finance. How much money will the average American earn in their working lifetime? (35 years) How much money will the.

Personal Financial Management in a Transition 4. Tools of an integrated, Transition Budget Over Time The three types of money – in their proper sequence:

Financial Analysis. Financial Terms List: Finding Funding You need to consistently find funding: What are some ways of funding? Budget funds from profits.

Topic 5: Cash Flow Management

Payback Analysis Mark Fielding-Pritchard mefielding.com1.

Elements of Financial Statements. Purpose of financial statements Reporting accounting information to external decision makers.

Chapter 12 Budgeting.

Personal Financial Statements Chapter 12 Personal Financial Statements The Balance Sheet.

Budgeting and Record Keeping. Financial Planning ► Financial Plan- An _____ program for spending, saving, and investing the money you earn.

Sports & Entertainment Marketing Mr. Bernstein Basic Measures of Business Success June 10, 2013.

Building Financial Projections

PRE-SEPARATION COUNSELOR TRAINING: GENERAL MONEY MANAGEMENT & PERSONAL SAVINGS AND INVESTMENT Elements

“I’ve got a great job and no bills. I still live at home

Extending Financial Statement Information on a Work Sheet

Financial Statements How profitable is the company,?

Ink (toner) Paper. Ink (toner) Paper £5000 £4000 £4000.

Accounting in Action.

Financial Literacy Elements 45 & 46.

EXTENDING BALANCE SHEET ACCOUNT BALANCES ON A WORK SHEET

The Accounting equation

Financial Review 2015/16.

CHAPTER 3 FINANCIAL STATEMENTS, TOOLS, AND BUDGETS

Money Management Strategy Personal Financial Statement

Business and Personal Finance

Basic Financial Statements

PF 8.02 Understand personal financial planning (Unpacked Content)

45: General Money Management

General Money Management

1. List ‘em up Before we get to the actually structure of balance sheet, we shall see the components that make up the balance sheet.

PEMBELIAN Balance Sheet

General money management & personal savings/investment

General Money Management

GENERAL MONEY MANAGEMENT

Accounting Overview Financial Accounting Managerial Accounting

Family Financial Planning

Statement of Financial Position

By: Brandon Johnson Financial Advisor

General Money Management and Personal Savings and Investment

General Money Management & Personal Savings and Investment

Extending Financial Statement Information on a Work Sheet

LESSON 6-3 Extending Financial Statement Information on a Work Sheet

Tuesday April 21, 2015 Review from Yesterday Budgeting Notes

GENERAL MONEY MANAGEMENT AND PERSONAL SAVINGS AND INVESTMENTS

General Money Management/Personal Savings & Investment

Point 6 Financial Statements

Entrepreneurship, Continued Financial Statements

Choose to Save Advanced Level.

Risk vs Return A World of Risk.

Extending Financial Statement Information on a Work Sheet

The Income Statement.

General Money Management & Personal Savings and Investment

Wealth Creation Information

General Money Management & Personal Savings and Investing

Extending Financial Statement Information on a Work Sheet

General Money Management & Personal Savings and Investments

10 Steps to Financial Freedom

Presentation transcript:

General Money Management Element 45

Money Management “The process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual” Investopedia.com

Emergency Fund 3-6 Months Basic rule of thumb is to have at least _____ months of living expenses in a savings account in the event of lost wages and other emergencies. 3-6 Months

Financial Statements(Budgets) A TOOL FOR REACHING FINANCIAL GOALS *Career Readiness Standards Requirement*

Budget Statements The two most useful budget statements are: Balance sheet (Net worth) Cash flow (Income and Expense)

Net Worth Statement

Where is my money going to come from when I get out? Income Statement Where is my money going to come from when I get out?

Expense Statement Where is my money going ?

I want to be debt free when I get out. Indebtedness I want to be debt free when I get out. Where do I start?

Review Where can you go to get help? What is a tool for reaching financial goals? 3 things in a net worth statement. 3 things in an income and expense statement.

Resources Command Financial Specialists FFSCs Militaryonesource.com Annualcreditreport.com Inchargefoundation.org Bbb.org/us/military Mint.com Saveandinvest.org/military

Questions?