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General Money Management & Personal Savings and Investment

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Presentation on theme: "General Money Management & Personal Savings and Investment"— Presentation transcript:

1 General Money Management & Personal Savings and Investment
Topic 45 & 46 Page

2 Outline How much is enough? Budgeting Budget Statements
Debt Management Savings Investing

3

4 How much money is enough?
3-6 months of living expenses Set small goals ($500)

5 Budgeting Can be used as a tool. Current financial situation.

6 Budget Statements Specific Date (01 Nov) Balance Sheet
What is OwNed (Assets) What is Owed (Liabilities) Net worth Specific Date (01 Nov)

7

8 Budget Statements Cont.
Cash Flow (Income and Expense Statement) Specific Time Period (01 OCT to 31 OCT)

9

10 Debt Management Systematic Approach Plan based on income and expenses. Debt must be manageable. Discipline!!

11 Personal Savings and Investment

12 Savings and Investing Prepare!! Start yesterday!

13 Savings Accounts Banks and Credit Unions
Federal Deposit Insurance Corperation & National Credit Union Association Insurance for your money Do your homework! Compare!! Low interest

14 Investments Types Bonds CD Stocks Mutual Funds

15 Outline How much is enough? Budgeting Budget Statements
Debt Management Savings Investing

16


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