1. General Money Management
Element 45

2. Money Management
“The process of budgeting, saving, investing, spending or otherwise in overseeing the cash usage of an individual”
Investopedia.com

3. Emergency Fund 3-6 Months
Basic rule of thumb is to have at least _____ months of living expenses in a savings account in the event of lost wages and other emergencies.
3-6 Months

4. Financial Statements(Budgets)
A TOOL FOR REACHING FINANCIAL GOALS
*Career Readiness Standards Requirement*

5. Budget Statements The two most useful budget statements are:
Balance sheet (Net worth)
Cash flow (Income and Expense)

6. Net Worth Statement

7. Where is my money going to come from when I get out?
Income Statement
Where is my money going to come from when I get out?

8. Expense Statement
Where is my money going ?

9. I want to be debt free when I get out.
Indebtedness
I want to be debt free when I get out.
Where do I start?

10. Review Where can you go to get help?
What is a tool for reaching financial goals?
3 things in a net worth statement.
3 things in an income and expense statement.

11. Resources Command Financial Specialists FFSCs Militaryonesource.com
Annualcreditreport.com
Inchargefoundation.org
Bbb.org/us/military
Mint.com
Saveandinvest.org/military

12. Questions?