Managing cash

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Managing cash

  1. 1. Managing Cash Created by Ms. Snyder
  2. 2. Opening Questions <ul><li>What important events your family and friend celebrate together? </li></ul><ul><li>What is it that families plan these events? </li></ul><ul><li>How planning is important to the success of these events? </li></ul>
  3. 3. Planning is important in money matters too. <ul><li>How much is a down payment for a $300,000 house? (20% down payment is required by the bank) </li></ul><ul><li>How do people pull together enough money to make a down payment for a car or a home? </li></ul><ul><li>How do people make sure they have enough money to cover expense for entire month? </li></ul>
  4. 4. Types of Expenses <ul><li>Fixed Expense: Spending that remains the same form month to month. (Rent or Car Payment) </li></ul><ul><li>Variable Expense: Spending that changes form month to month (Cell phone bill, gas for the car, food purchased at restaurant) </li></ul><ul><li>Occasional or Periodic Expense: Expenses that occur once or a few times a year (Property taxes, car maintenance) </li></ul>
  5. 5. Type of Expenses <ul><li>Planned Expenses: Spending you expect, and for which you plan (New clothing, Friday Night Movie) </li></ul><ul><li>Unplanned Expenses: Spending for an emergency, an urgent need, or an impulse purchase. (Car repairs from an unexpected accident, visit to a doctor for a sprained ankle, donation to a collection for victims of an earthquake) </li></ul>

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