Dollars & Change and Dollars & Sense Dr. Bill Gustafson Center for Financial Responsibility & Division of Personal Financial Planning

C enter for F inancial R esponsibility What will happen  Awareness of resources  Human Resources  Red to Black  Example of resource use What won’t happen  debate on change in pay period  miracle fix for debt-to-income problems  everything solved in 50 minutes

C enter for F inancial R esponsibility Financial solutions for Texas Tech community One-on-one financial planning and counseling for individuals and couples Educational programs for groups Websites

C enter for F inancial R esponsibility  Individual sessions in the TTU Family Therapy Clinic  Special Sessions at your workplace  Satellite sites (as needed): -Health Sciences Center -Texas Tech Federal Credit Union

C enter for F inancial R esponsibility Example topics -creating a spending plan -establishing and using credit -obtaining and using loans -tax strategies -selecting and comparing employee benefits -planning for expenses during and after college -identity theft prevention -pre-marital financial planning

C enter for F inancial R esponsibility $ Inflow

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C enter for F inancial R esponsibility

C enter for F inancial R esponsibility Double click on “Banner Pay Frequency Worksheet”

C enter for F inancial R esponsibility You can print it and do it by hand or…

C enter for F inancial R esponsibility Or save this on your computer

C enter for F inancial R esponsibility Open in Excel and “Unprotect” worksheet

C enter for F inancial R esponsibility Type in either your “Annual Salary” or “Hourly Rate” amount

C enter for F inancial R esponsibility Remember that the dollar amounts shown are BEFORE DEDUCTIONS for taxes, retirement, dependent insurance, etc.

C enter for F inancial R esponsibility

C enter for F inancial R esponsibility Type in your “Hourly Pay” and hit “enter”

C enter for F inancial R esponsibility

C enter for F inancial R esponsibility $ outflow

C enter for F inancial R esponsibility Budget Basics Fixed expenses  Mortgage  Car payment  Not quite “fixed”  electricity  phone Variable expenses  entertainment  food away from home

C enter for F inancial R esponsibility

C enter for F inancial R esponsibility Click on “Money Management”

C enter for F inancial R esponsibility

C enter for F inancial R esponsibility Click on “Money Management” and then on “Monthly Spending Plan for Non-Exempt Employees

C enter for F inancial R esponsibility Or go to the bottom of the page

C enter for F inancial R esponsibility Save the worksheet to your computer

C enter for F inancial R esponsibility

C enter for F inancial R esponsibility Click on “December 2007” under “Archives”

C enter for F inancial R esponsibility PFP 3301 PFP 2330 Helpful Tech courses

C enter for F inancial R esponsibility