1. General money management & personal savings/investment
Element: 45 & 46 PG

2. Objectives Define: Resources Summary Budgets Debt Management
Personal Savings
Investments
Resources
Summary

3. Budgets
Budgets: are compilations of personal financial data designed to communicate information on monetary matters, or better said, a tool for reaching financial goals.
The two most useful budget statement are:
Balance sheet
Cash flow statement

4. Balance Sheet

6. Debt Management
Debt Management: is a systematic way to help individuals if they are in debt to become debt-free. It involves spreading the repayments over a period of time and stopping creditors from taking legal action.
Typically offered through Fleet & Family Support Center. (Personal Financial Management Program)
To remove debts, individuals are also required to put forth the effort of sticking to a budget.
Not always accessible after transition.

7. Personal Savings FDIC or NCUA insured account.
Savings Account: is an account where the deposits can earn you interest.
FDIC or NCUA insured account.
Offers competitive interest rates on low account balance.
Saving Account do not provide a lot of interest earning. They are designed to put money into an account for withdraw when needed.

8. Investments
Bonds: A fixed income investment in which an investor loans money to an entity which borrows the fund for a defined period of time at variable or fixed interest rate.
Certificate of Deposits (CD): Saving certificate that entitles the holder to a receipt of interest.

9. Investments (continue)
Stocks: A portion of ownership in a corporation. The holder of the stock is entitled to the company’s earnings and is responsible for its risk for the portion that each stock represents.
Mutual Funds: An investment program funded by shareholders that trade in diversified holdings and is professionally managed.

10. Resources Family & Fleet Support Center (Financial Counselors)
Command Financial Specialist
militaryonesource.mil
annualcreditreport.com
inchargefoundation.org
bbb.org/us/military
mint.com
saveandinvest.org/military
nmcrs.org

11. Resources (continue)
militarymoney.com
stashinvest.com

12. Summary Budget and the two type of Budget Statement. Debt Management
Personal Savings
Different type of Investment

13. Questions?