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

Slides:

Advertisements

Similar presentations

© The McGraw-Hill Companies, Inc., All Rights Reserved. Irwin/McGraw-Hill Chapter 3 Money Management Strategy: Financial Statements and Budgeting.

Advertisements

Money Management Strategy: Financial Statements and Budgeting

2-1. McGraw-Hill/Irwin Copyright © 2006 The McGraw-Hill Companies, Inc. All rights reserved. 2 Money Management Skills.

Money Management Strategies

Measuring Your Financial Health and Making a Plan

Money Management Strategies

Chapter 3 Quiz TODAY.

Measuring Your Financial Health and Making a Plan

16 Money Management and Financial Planning

1 Chapter 2 – Measuring Financial Health Important parts Construct & interpret financial statements Budgeting Record-keeping Financial planners.

Money Management Strategies

Money Management Skills

© The McGraw-Hill Companies, Inc., All Rights Reserved. Irwin/McGraw-Hill Chapter 3 Money Management Strategy: Financial Statements and Budgeting.

Money Management Strategy: Financial Statements and Budgeting

Personal Finance Chapter 1 & 3 Study Guide

2 Money Management Skills

Chapter 3 Money Management Strategy

Chapter 3 Planning with Personal Financial Statements Copyright © 2012 Pearson Canada Inc. Edited by Laura Lamb, Department of Economics, TRU 3-1.

Personal Financial Statements Ch PoB  Money Management – refers to the day-to-day financial activities associated with using limited income.

Accounts Interpreting Accounts. Key Accounting Documents Public Limited Companies in the UK are required to publish their accounts This will usually consist.

Investing and Personal Finance

Money Management Strategy

Money Management Strategy

Money Management Strategy

Chapter 2 Money Management Skills Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

Money Management Skills

Unit 2: Measuring Financial Health. Learning Objectives O Define asset, liability, and net worth. O Calculate the level of net worth using a balance sheet.

Money Management Skills

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

Personal Finance Chapter 3 Section 3.1 and 3.2.

Chapter 3 Developing Financial Statements, Plans and Budgets Financial statements are assessments of the current status of one’s personal financial position.

Money Management Strategy

1 Money Management Skills: Financial Statements and Budgeting Or “We Spent How Much On What?!” C HAPTER 2.

Money Management Skills

CHAPTER THREE: MONEY MANAGEMENT & STRATEGY UNIT ONE PLANNING PERSONAL FINANCES “I didn't end up going bankrupt... I made some great investments and I held.

CHAPTER 3 MONEY MANAGEMENT STRATEGY. WHAT YOU’LL LEARN When you have completed this section (3.1), you’ll be able to: Discuss the relationship between.

Chapter 2 Money Management Strategy: Financial Statements and Budgeting 2-1 Kapoor Dlabay Hughes Ahmad Prepared by Cyndi Hornby, Fanshawe College  2004.

Chapter 3 Section 3.1 and 3.2.  Money Management  Spend your money on clothes or save it?  Shopping around for better deal on mp3 player?

Chapter  From the U.S. Census Bureau, Current Population Survey, Educational Attainment 2009 data, in a sample of 100 Americans:55 would have some.

$200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 Budget, Yeah I am going to need that I am going.

Mr. Stasa – Willoughby-Eastlake City Schools ©

money you have in a bank either in checking (where you can use the money with an ATM card or by writing a check) or savings (where you earn interest)

Learning Objective # 3 Develop a personal balance sheet and cash flow statement.

Topic 5: Cash Flow Management

Chapter 3 Money Management Strategy. Today’s topics are…  Opportunity Cost and Money Management  Benefits of Organizing Your Financial Documents.

BUDGETING Chapter 6. True or False ä Financial success depends on luck more than planning. ä Spending small amounts of money now will not affect your.

Chapter 12 Budgeting.

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

Chapter 12 Money Management Strategies. Do Now  How do you organize your “stuff”?  Schoolwork?  Afterschool activities?  Personal Belongings?

Glencoe Business and Personal FinanceCopyright © by The McGraw-Hill Companies, Inc. All rights reserved.

2-1. McGraw-Hill/Irwin Copyright © 2006 The McGraw-Hill Companies, Inc. All rights reserved. 2 Money Management Skills.

Accounts. Key Accounting Documents Public Limited Companies in the UK are required to publish their accounts This will usually consist of three key accounting.

16 Money Management and Financial Planning

Chapter 2 Money Management Skills McGraw-Hill/Irwin

Chapter 2 Money Management Skills McGraw-Hill/Irwin

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

PERSONAL BALANCE SHEET

CHAPTER 3 FINANCIAL STATEMENTS, TOOLS, AND BUDGETS

Chapter 2 Money Management Skills McGraw-Hill/Irwin

Money Management Strategy Personal Financial Statement

Organizing Financial Records Chapter 3

Business and Personal Finance

Chapter 2 Money Management Skills McGraw-Hill/Irwin

Section 3.2 Personal Financial Statements

“Where Did All the Money Go?”

Chapter 3 Quiz TODAY.

16 Money Management and Financial Planning

General Money Management & Personal Savings and Investment

Money Management Strategy

Point 6 Financial Statements

Presentation transcript:

User-Defined Placeholder Text Chapter 3 Money Management Strategy 3.2

Personal Financial Statement Personal Financial Statement- Personal financial statements can help you: Determine what you ____ and what you ____. Measure your _________ toward your _________________. Track your financial __________. Organize _____________ that you can use when you _____________ _____________________________. The 2 types of personal financial statements are called ____________________ and ________________________.

Personal Balance Sheet Personal Balance Sheet- Net Worth- Things that go on a personal balance sheet: Assets- Wealth- Liabilities- Net worth

Steps to Creating a Personal Balance Sheet Step 1: Determine your Assets Liquid Assets- Real Estate- You would list the property ’ s___________- the price at which the property would sell Personal Possessions- must be valuable (used CD ’ s and old clothes don ’ t count) Investment Assets (retirement accounts, stocks, bonds)

Steps to Creating a Personal Balance Sheet Step 2: Determine your Liabilities Current Liabilities- Ex.- Long-Term Liabilities- Ex.- Textbook page 66

Steps to Creating a Personal Balance Sheet Step 3: Calculate your Net Worth Step 4: Evaluate your Financial Situation Textbook page 68 Go Figure

Cash Flow Statement Cash Flow- Cash Inflow- Paycheck, allowance, interest earned in savings account Cash Outflow- Cash Flow Statement- Net Cash Flow-

Steps to Creating a Personal Balance Sheet Step 1: Record your Income Deduction- Gross Pay- Net Pay- amount of income in your paycheck ________ deductions are taken out Discretionary Income- You can spend this money at your discretion. The higher your discretionary income, the better off you are. Step 2: Record your Expenses

Steps to Creating a Personal Balance Sheet Step 3: Determine your Net Cash Flow How?- Subtract your EXPENSES from your INCOME Surplus- Emergency fund, savings, investment plans Deficit- Textbook page 70 Textbook page 71 Go Figure