1. Family Finance

2. E-mail: GRZEGORZ.MICHALSKI@UE.WROC.PL
Family Finance
www:
Mobile:
5 meetings + 1 exam (test)
Next meeting: 4th March.
Douglas A., E. Lewin, Family Finance, Dearborn Trade 2001.
Millar R., A Complete Guide to Family Finance, Kogan Page Publishers 2004.
Israelsen C. L. , R. O. Weagley, Personal & Family Finance Workbook, Kendall Hunt Pub 2006.

3. The aim of family financial management?
Maximization of family wealth:
First: how we calculate realization of the general aim in nonfamily financial management?

4. 10 steps to Value CR Operating Cycle Assets AP Capital invested
Capital structure
FCF forecasting
IRR
Cost of Capital (CC)
∆ V

5. Family Finance cases:
Create himself or buy? (home products, home food or in restaurants, who should repair a tap, husband or plumber (tap expert), hire a maid? etc.
Child in home or in preschool?
(Homeschooling) Child in home or in school?
Car: buy older but without the credit or a new but with credit?
How many cars in a family?
House or a flat? Why?
A garden or a free time with fruits from a hipermarket?
What kind of car? Which one?