Scenario 1 PERSON 1 PERSON 2 PERSON 3 Costs £50pw Budget: £75pw.

Slides:



Advertisements
Similar presentations
UK FISCAL POLICY. In the shadow of the deficit Spending Tax Revenues.
Advertisements

Solutions: Taxes Joseph J. Minarik Committee for Economic Development.
Personal Finance Budgeting-Chp. 6 Day 11. Step 3: Preparing a Budget Worksheet  Budget worksheet-a planning document on which you record your expected.
Chapter 6.  Types of Financial Goals  Short-Term Goals Lead to Long-Term Success  Prioritizing Your Goals  Your Goals Affect Others  Your Family.
New York Times, Budget Puzzle 1.What is the predicted budget shortfall in 2015? In 2030?( how old will you be then?) 2.List 3 spending cuts you made &
My Personal Budget Vocabulary
Lectures in Macroeconomics- Charles W. Upton Illustrating The Demand for Loans.
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 5 National Saving, the Government Budget, Foreign Borrowing, and the Twin Deficits.
Policy Assembly Federal Report The Hon Peter Costello MP Treasurer 13th June 2003.
Managing Your Money Personal Finance. Disposable Income.
Financial Planning. More than budgeting More than investing Financial planning is a thinking process that helps achieve goals. A blueprint or plan for.
Money Matters1. 2 Introductions Instructor and student introductions Module overview.
Budgeting Adult Living. What is a budget? A budget is a plan for spending and saving your money A budget includes: – Income- the amount of $ you earn.
Financial Management Jonathan Banks. 1. Get Paid What You're Worth and Spend Less Than You Earn 1. Get Paid What You're Worth and Spend Less Than You.
The Tax Expenditure for Health: Update for 2007 John Sheils April 29, 2008.
6.3 Your Budget Worksheet. Section 6.3 Your Budget Worksheet  Goals: Identify steps you should take to create a budget worksheet. Explain common problems.
ResearchSlide s Slide 3 (Spouse’s Career) -Title: Name of your career -Info -Job Description -Job Requirements -Annual Salary -At least one picture Slide.
Ch. 19- Balancing Act. Priorities- things most important Maintaining balance – Take charge of time – How do you use your time? Learning: – Get more out.
Millionaire Words to Know. scarcity  Scarcity is when there is not enough of something to go around.
Problem #9 Test 2 Solution. Record Keeping and Budgeting Chapter Three Objective: Compute the average monthly expenditure.
Part 1 Intro: Working and Earning Goal: Describe the factors that influence an individual’s income. Brainstorm…… individual skills and abilities, work.
Personal Budget 101 Economics. Budgeting and Goals What are your financial goals? –Would you like to buy a laptop or car? –Do you plan to play for a college.
Proposed Budget Update Finance Committee Meeting June 19, 2014.
Money Matters. Money Matters 2 Welcome 1.Agenda 2.Ground Rules 3.Introductions.
Do Now: Investment curve handout. Draw a fully labeled graph of a loanable funds market including the savings and investment curves.
Personal Finance April 17, Money Management  Everyone must make choices about what to do with their income, including you  Income is money earned.
USING THE BANK INDEPENDENT LIVING NOVEMBER 4, 2015.
DIOCESE OF SHEFFIELD BUDGET UPDATE Sandra Newton 30 th September 2013.
What is a Budget?. A budget is…. A plan for how you will use your money. A prediction of how much money you will have. A blueprint for you can spend your.
Economics 9-1 The Economics of Taxation Pages
The goal of this unit is to understand the importance of earning an income and explain how to manage personal income using a budget.
Section 3.3.  Step 1: Set Your Financial Goals  Step 2: Estimate Your Income.
Budget Notes Gross Income: the total amount of money one earns Ex. $7.25 an hour Multiplied by 40 hrs. per week______________ Multiplied by 52 weeks per.
Managing Your Money 1/19 I can…  Explain my sources of income.  Explain how to make a plan for spending and saving money (budget) BW….  Paying for part.
Financial Planning. Journal 2/2/2016 How does supply and demand affect the economy? Explain how the law of supply works? How does the law of demand?
Patterns of Household Expenditure. ArnoldBlackCowanDavisEdwards Annual Income15,00030,00045,00060,00075,000 Necessities15,00025,00032,00036,00040,000.
Money. How much money does a third grader need to “live” on for each month?
Budgeting and Record Keeping. Financial Planning ► Financial Plan- An _____ program for spending, saving, and investing the money you earn.
BUDGETING TECHNIQUES & Terms Exploring Business & Marketing.
Budgeting Basics. Budgeting Basics Life is an Adventure.
Facing America’s Long-Term Budget Challenges Brian Riedl Grover M. Hermann Fellow for Federal Budgetary Affairs The Heritage Foundation June 19, 2006.
Personal Finance Review.
Garrett Martin and Joel Johnson 1/28/2015
Personal finance unit (Don’t be a dope with your money)
Personal Finance April 17, 2015.
Financial Planning.
Analysis of the Economic Impact and Return on Investment of Education.
Buy Skin Lightening Cream UK | Everything4you
Pre-budget Consultations
Personal Finance Vocabulary
Personal finance unit (Don’t be a dope with your money)
Buying and Selling: Applications
Financial Planning.
Financial Planning.
Evaluate the costs and benefits of budgeting
Buying and Selling: Applications
Copyright 2002 Houghton Mifflin - All Rights Reserved
Adult Income & Expenditure
How to Spend Retirement Money. Total Your Annual Housing Costs.
Illustrative Health Reform Goals and Tracking Performance
Financial Planning.
Financial Trends Analysis
Buying and Selling: Applications
Billions 6.6% annual growth* $797 OACT $712 Senate $705 House $703
Staffing Mix impact on Labor Expense and NIBD
Career planning starts with self-assessment
CBO estimate of Affordable Care Act of 2010
Chapter 6 Budgeting.

CBO estimate of Affordable Care Act of 2010
Presentation transcript:

Scenario 1 PERSON 1 PERSON 2 PERSON 3 Costs £50pw Budget: £75pw

Scenario 2 PERSON 1 PERSON 2 PERSON 3 Costs Income £50pw £100pw £150pw Budget: £75pw

Reality PERSON 1 PERSON 2 PERSON 3 Costs Income £50pw £100pw £150pw Benefit help Own spend Net-income Spending on care £0pw 0% £25pw £120pw 17% Income too high £400pw 11%

Scenario 3 PERSON 1 PERSON 2 PERSON 3 Costs Income Savings £50pw £0 £150pw £30,000 £450pw £10,000

Scenario 4 PERSON 1 PERSON 2 PERSON 3 Costs Income Savings £50pw £0 £75pw £150pw £30,000 £350pw £450pw £10,000

Reality PERSON 1 PERSON 2 PERSON 3 Costs Income Savings £50pw £100pw £0 £75pw £150pw £30,000 £350pw £450pw £10,000 Benefit help Own spend Net-income Spending on care £0pw 0% Savings too high 66% £300pw