What Every Woman Should Know About Personal Finances: How to Build A Budget Presented by: Jenny Kerr Of The Jenny Pincher, LLC.

Slides:

Advertisements

Similar presentations

Your Financial Education Guide. The Basic ABCs of Finance Income Opening Accounts Creating a Budget Financial Goals Money Management Borrowing Money Credit.

Advertisements

Building: Knowledge, Security, Confidence Setting Financial Goals FDIC Money Smart for Young Adults.

How To Budget Your Money Ann House, MS, CFCS. Why should I budget my money? Make your money go where you want it to go Pay off debt Resist the urge to.

WORKABILITY III PRESENTS EFFECTIVE BUDGETING SKILLS FOR COLLEGE & BEYOND ONLINE WORKSHOP SERIES.

Unit 2 - Budgeting: Making the Most of Your Money Did you Know? In 2001, the average American teen spent $104 per week.

Financial Fitness Living on What you Earn HealthKeepers, Inc. is an independent licensee of the Blue Cross and Blue Shield Association. ® ANTHEM is a registered.

Diving Into Spending plans! Click on beach ball for video.

What is a Budget and Why do I need one!

Money Management 28.2.

Calendar-Based Spending & Saving Plans Florida Saves 2020 “See Your Future Clearly” Anita McKinney, Duval County Extension Educator 1010 N McDuff Ave Jacksonville,

Building: Knowledge, Security, Confidence Setting Financial Goals FDIC Money Smart for Young Adults.

6.01K HOUSEHOLD BUDGETING and the FOOD SPENDING PLAN

Creating a budget is important to ensure your financial security, monitor your income and expenses, and a way to help you save money. In order for your.

 A budget is a written record of the money that flows in and out of your household or pocket every month.

Money Matters1. 2 Introductions Instructor and student introductions Module overview.

Money Merge Account (MMA) How can I pay my home off early? Conventional Banking Refinance to a lower interest rate Apply additional money to each payment.

Subtitle Making and Living Within a Budget. How should you spend your money? How do you spend your money?

Unit 4 Creating a Budget. Objective(s) What is a budget? Activity – Pair up with someone in the room and sit with them and prepare to begin the budgeting.

Securing Your Financial Future Cash Management Presented by Teresa Muench NEA Member Benefits April 4, 2015.

© Family Economics & Financial Education – May 2005 – Spending Plan Unit – Developing a Spending Plan Funded by a grant from Take Charge America, Inc.

Introduction to Business, Planning a Budget Slide 1 of 59 Learning Objectives After completing this chapter, you’ll be able to: 1.Explain 1.Explain how.

Creating and Maintaining a Budget Consumer Ed.  You'd never set out on a cross-country road trip without consulting a map.  Likewise, you can't expect.

This workshop discusses the basic principles of financial responsibility and budgeting.

Value: How our economy is measured. Money/currency: The cash and coins we use. Treasury: controls the currency of our country. Economy: Products, people,

What is Budgeting? IncomeExpensesSavings.  What is Income? Where does it come from?  What are some sources of Income?  Things to consider…  Federal.

September 9- BUDGET UNIT: SEPTEMBER 9. How do you budget your expenses? If you do not budget, explain why….. BELLWORK: 9/9.

This is an overview of this presentation: Ways to earn money How to think about expenses How to track spending How to set up a budget When to use credit.

Bell Ringer  Write down 3 things you know your parents spend money on each month.

Building: Knowledge, Security, Confidence Budgeting.

Budgeting Creating a Plan for Your Spending. $50.00 What would you do if someone gave you $50? Would you spend it on something, would you save it? What.

Unit 6.3 Part 1 Budget Categories. What is a Budget? A plan for spending and saving money Most people think budgets are: –Rigid and inflexible –Painful.

Planning a budget. Lifestyle – Pre-budgeting Lifestyle is a way of living that reflects that person’s attitudes and values Where will you live? Rent or.

BASICS. How most start Budgeting ??? Budgeting is about learning to Live BELOW Your Means Lets you be in control of where your money goes (Rather than.

Setting Financial Goals

Building: Knowledge, Security, Confidence Setting Financial Goals FDIC Money Smart for Young Adults.

Managing Your Money How to Make Things Happen Presented by: Greg Johnson (Hayes & Assoc.) February 7, 2008.

NEFE High School Financial Planning Program Unit Two – Budgeting: Making the Most of Your Money Unit 2 - Budgeting: Making the Most of Your Money.

10/20/2015 8:20 AM 1 Budget your spending Know your monthly spending needs and habits Keep track of what comes in and out Divide your spending into fixed.

Budgeting and Money Management. Topics of Discussion Financial Goals Establishing a Budget Saving Spending Money Management Tips.

BUDGET – SAVING MONEY.  A BUDGET is a plan for dividing income among spending and saving options.  Most budgets are based on SHORT TERM and LONG TERM.

Only 40 percent of Americans use a budget to plan their spending… The rest routinely spend more than they can afford.

SPENDING PLAN. Spending Plan  A spending plan is a financial statement you can use to assist in money management  also known as a budget.

Chapter 16 Planning a Budget. Why It’s Important Budgeting techniques help you keep track of where your money goes so that you can make it go further.

BUDGETING, SCHMUDGETING…WHY DO I NEED A SPENDING PLAN? By Julie Chapman for.

Developing a Spending Plan (Location) (Date). Develoing a Spending Plan What we’ll talk about today Setting Goals Identifying Income Identifying Expenses.

DO NOW: Can you explain why a worker earns $1000 but receives a paycheck for less than $1000? What happens to the amount earned but not received by the.

Topics Headline 5 Tips to break spending leaks om/od/savingmoney/qt/sp endingleaks.htm Main ArticleBig Picture Multimedia.

Pp Managing Spending. What to do with the money you earn? Budgeting Your Money Budget: Budget helps you:

Balancing the Budget: Fitting It All In!. “What does it mean to be financially responsible?” What was the last big purchase you made? What decisions and.

Money Matters. Money Matters 2 Welcome 1.Agenda 2.Ground Rules 3.Introductions.

B UDGETING 101. W HAT ARE YOUR FINANCIAL GOALS ? What kinds of items would you like to purchase? Do you plan to pay for a college education? Do you want.

MAKE MORE SAVE MORE LIVE MORE! A 16 W EEK S YSTEM TO M AKE M ORE, S AVE M ORE, L IVE M ORE AT M IDLIFE.

Building: Knowledge, Security, Confidence Setting Financial Goals FDIC Money Smart for Young Adults.

Earning an Income Review. A purposeful course of action or purpose in life that generally provides income.

Budgeting Your Money. Monday 3 rd Period Objective: Be able to explain what a budget is and how using one can help you. EQ: What is a budget? How do I.

BBI 2O - Budgeting Track-o-matic

BUDGETING & SAVING. THE NEXT LOGICAL STEP Let’s review: 1 st we learned how to manage our time What are some important characteristics of good time management?

Preparing a Budget. Budgeting Managing one’s income and expenses by creating a plan  Companies, Governments, Families, You Covers a specific time  Companies.

Making a Budget Independent Living October 27, 2015.

I CAN DETERMINE AND EXPLAIN THE IMPORTANCE OF CREATING A BUDGET AND HOW IT SUPPORTS GOOD FINANCIAL DECISION MAKING.

Building Your Own Budget  Where will you be next year? (college or working) ______________  If working, how much do you think you’ll make a year? ________________.

1 Presentation of your Consumption Patterns by Using a Personal Financial Budget Lesson 1 – Needs and Wants.

PERSONAL FINANCE GAME This project counts as a TEST grade. LISTEN and follow directions! Excel Sheets: 1- MONTHLY BUDGET SHEET 2- CHECKING ACCOUNT 3- SAVINGS.

Creating a Personal Budget

Setting Financial Goals

Budgeting Grade 9.

Budgeting Creating a Personal Budget

Planning for the Future:

Setting Financial Goals

Presentation transcript:

What Every Woman Should Know About Personal Finances: How to Build A Budget Presented by: Jenny Kerr Of The Jenny Pincher, LLC

Agenda: 1.Introduction 2.Building a Household Budget 3.Tips on Cutting Monthly Expenses 4.Conclusion 5.Q&A

Income Expenses Dates – Due & Pay Budget

Income Expenses Dates EmergenciesWants Little Things Credit CardsDebts What we think we need

Determine Income From All Sources Paycheck Assistance Odd jobs Determine Pay Frequency Weekly Bi-weekly 1 st & 15 th Monthly

Determine Expenses & Due Date Track Expenses for at least 1 week Rent Utilities Food Child Care “Misc” expenses we forget about *Ideal if expenses can be tracked for 1 month

Monthly Income Expense #1 (Due Date) Expense #2 (Due Date) Expense #3 (Due Date) Expense #4 (Due Date) Total (+/-)

Pay Date Bill Due

Pay Date: June 10 th Pay Date: June 24 th Amount: $500 Bill #1 Due June 11 th Bill #1 Due June 25 th Bill #2 Due June 15 th Bill #2 Due June 28 th Bill #3 Due June 23 rd Bill #2 Due July 5th Fixed Expenses Spending Cash (6/10-6/23)Spending Cash (6/24-6/9)GasEating OutHobbies Variable Expenses Subtract Total: Ideally your expenses should be less than your income!

Ways to “find” money in your budget Limit Eating Out Take Your Lunch to Work Cut back (or cut out) trips to the gas station Stop the “it’s only $x.xx” spending Go to the beauty school for haircuts Use Coupons or simply watch the sale ads Go on Budget Billing Have a yardsale Rent movies instead of going to the movies

Budget Bootcamp: A Common Cents Approach to Personal Finance & Money Management for Women Visit: BONUS for NAWR Members: 2- Free 30 minute coaching sessions for anyone who purchases my Budget Bootcamp after this teleseminar. ($150 value) Just me after your purchase to let me know you are interested in the coaching sessions and I will you the prep form.

Resources The resources that can be found on This PowerPoint presentation Budget worksheet – Helps narrow down “forgotten” budget categories Tips on Creating a Budget Tips for Cutting Monthly Expenses 20 Free Online Finance Courses – A list of 20 online college courses you can take for free on various economics, investing & personal finance Personal Finance Tutorials – Another free extensive list with tons of information on personal finance Bonus Materials

Contact Me: Jenny Kerr