1. General Money Management and Personal Savings and Investment
Elements: 45 and 46
Pages

2. Money management, Savings, and Investments
Objectives
Cover the purpose of Money Management
Budgeting
Debt Management
Different types of ways to save and invest

3. Budget Consist of a way to reach a financial goal.
There are four budget statements, which are Income Statement, Balance sheet, Statement of Cash Flows, and statement of retained earnings.
Two most useful budget statements are the balance sheet and the cash flow statement.

4. Balance Sheet (Net Worth Statement) and Cash Flow Statement
Describes a family’s financial condition by a specified date.
Cash Flow Statement
Summarizes income and expense transactions that has taken place over time. Tells the member where their money came from and went.

5. Debt Management Systematic way to help individuals become debt free.
Only to be used for a certain amount of time.

6. Savings Designed to store money when needed.
Doesn’t provide a lot of interest earnings.

7. Investments Four most common types Bonds Certificate of Deposits (CD)
Stocks
Mutual Funds

8. Resources Fleet and Family Relief Center Command Financial Specialist
Militaryonesource.com
financial-statement.html