1. © South-Western Educational Publishing Chapter 8 Budgets and Financial Records  Budgeting and Record Keeping  Legal Documents and Filing Systems

2. GOALS © South-Western Educational Publishing Lesson 8.1 Budgeting and Record Keeping      

3. © South-Western Educational Publishing Preparing a Budget    

4. © South-Western Educational Publishing Income Work $320 Allowance20 Lunch money40 Total income$380 Total expenses$280 Simple Budget Expenses Lunches $ 80 Supplies20 Snacks40 Entertainment120 Savings To credit union$100 Total expenses plus savings$380

5. © South-Western Educational Publishing Monthly Budget  

6. © South-Western Educational Publishing Personal Records        

7. © South-Western Educational Publishing Net Worth Statement Assets –Liabilities Net worth

8. © South-Western Educational Publishing Personal Property Inventory YearPurchaseApproximate ItemPurchasedPrice Current Value

9. GOALS © South-Western Educational Publishing Lesson 8.2 Legal Documents and Filing Systems      

10. © South-Western Educational Publishing Types of Contracts  Contract –    

11. © South-Western Educational Publishing Elements of an Enforceable Contract  Agreement  Genuine  Consideration  Contractual capacity  Legality

12. © South-Western Educational Publishing Consumer Responsibilities in Agreements  Understand agreement.  Keep a copy of the agreement.  Be sure the agreement is dated correctly.  Be sure all blank spaces are filled in or marked out.  Be sure all terms agreed upon are written clearly.  Be sure all dates, amounts, and other numbers are correct and clearly written.  Be sure proper disclosure is made by the seller.  Be sure all cancellations and adjustments are made in accordance with the contract.

13. © South-Western Educational Publishing Negotiable Instruments  an unconditional written promise to pay a specified sum of money upon demand of the holder    

14. © South-Western Educational Publishing Warranties   

15. © South-Western Educational Publishing Filing Systems for Personal Records    

16. © South-Western Educational Publishing Home Filing System Warranties Utilities Medical Travel Taxes Subscriptions Insurance Household Entertainment Automobile