1. General Money Management & Personal Savings and Investment
Element 45 pg.211
Element 46 pg.213

2. OBJECTIVES What money management encompasses
What the basic rule of thumb is when it comes to money management
What a cash flow statement is used for
The four common types of investments

3. REFERENCES www.militaryonesource.mil Saveandinvest.org
nners-guide-to-managing-your-money
A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin Hardcover – July 8, 2008
by Bennett A. McDowell (Author), Steve Nison (Foreword)
Money Management Strategies for Futures Traders 1st Edition
by Nauzer J. Balsara

4. MONEY MANAGEMENT 101
Money management encompasses how you handle monetary assets
Process of budgeting, saving, investing, spending or otherwise overseeing the capital usage
To achieve your goal you have to plan ahead

5. RULE OF THUMB
Basic rule of thumb when it comes to money management is to have at least three to six months of living expenses in a savings account
In case of loss wages and other emergencies- set a savings goal early

6. CASH FLOW STATEMENT
Statement used to summarize income and expense transactions that have taken place over a specific period of time, such as a month or year.
Tells you where your money came from and where it went

7. FOUR TYPES OF INVESTMENTS
BONDS- the most inexpensive type.
Safety of a bond is based on the financial stability of the issuing entity
STOCKS- stock market dependent
Stocks purchase an ownership share in a company
MUTUAL FUND- the most common type of investment
Investment vehicle compromised of a pool of funds, from many investors, for the purpose of investing in securities.
CERTFICATE OF DEPOSITE- differs from a traditional savings account that it has a specific fixed term.
Insured savings accounts issued by banks and savings and loans.

8. LOCAL RESOURCES Fleet and Family Support Center
Command Financial Specialist – CS1 Amoabeng (NAS Jacksonville)
Navy Federal Credit union

9. REVIEW AS A RULE OF THUMB HOW MANY MONTHS OF SAVINGS IS RECOMMENDED?
WHAT ARE TWO TYPES OF INVESTMENTS?

10. SUMMARY Discussed what money management encompasses
Discussed the basic rule of thumb when it comes to money management
Discussed what a cash flow statement is used for
Discussed the four common types of investments