Money Management - Personal PowerPoint Presentation

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17 slides on budget and budgeting tools and software will give you the knowledge to keep track of your money, plus content slides on buying, selling, and trading a car and dealing with car loans; home buying, including leasing info and mortgage loans, and checks. You’ll find the information you need to guide you on the path to successful money management.

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  • Welcome to money Management 101!
  • Welcome to money Management 101!
  • What should I do if I can pay off my monthly household expenses, but am having trouble paying off my loans?
  • What should I do if I can pay off my monthly household expenses, but am having trouble paying off my loans?
  • What should I do if I can pay off my monthly household expenses, but am having trouble paying off my loans?
  • What payments should I make first if I don’t have enough money to pay for all my bills?
  • Money Management - Personal PowerPoint Presentation

    1. 1. Money Management (Personal)
    2. 2. Program Objectives  Create and maintain a balanced budget.  Make loan and lease decisions.  Make knowledge-based home and car purchasing decisions.  Responsibly maintain debt.  Write checks.  Repair credit problems. www.readysetpresent.com www.silkwebconsulting.com Page 2
    3. 3. Money Management (1 of 2)  Financial management is perhaps one of the most important yet complex skills required by everyone for daily survival.  Lack of knowledge or consideration in this area can lead to catastrophic financial problems that can take decades to fix. www.readysetpresent.com www.silkwebconsulting.com Page 3
    4. 4. Money Management (2 of 2)  The lessons introduced to you in this program will help you thrive in today’s financial world.  The information provided in this program must also be supported by your own research and or advisement from a professional before making financial decisions. www.readysetpresent.com www.silkwebconsulting.com Page 4
    5. 5. Budget Considerations www.readysetpresent.com www.silkwebconsulting.com Page 5
    6. 6. Prioritizing Your Budget (1 of 5)  What do you do if you can pay off your monthly household expenses, but are having trouble paying off your loans?  Pay off the loan with the highest interest rate first to save on interest payments.  Talk to your creditor! – He or she may be willing to reduce your payments or change the terms to accommodate your situation. www.readysetpresent.com www.silkwebconsulting.com Page 6
    7. 7. Prioritizing Your Budget (2 of 5)  Some creditors might offer extensions, smaller payments over a longer period of time, or might accept partial payments.  Get a debt consolidation loan: – If loan fees and interest rates are too high, it may not be the best option for you.  Get professional advice; reputable credit counselors can help you deal with your financial problems. www.readysetpresent.com www.silkwebconsulting.com Page 7
    8. 8. Prioritizing Your Budget (3 of 5)  Some organizations charge little or nothing for their services.  Be cautious of companies that promise to fix your credit problems right away.  Credit repair can be a long process that might take several years. www.readysetpresent.com www.silkwebconsulting.com Page 8
    9. 9. Prioritizing Your Budget (4 of 5)  What payments do I make first if I don’t have enough money to pay for all my bills?  Pay off your necessary household expenses first, such as rent or mortgage—avoid foreclosure or eviction.  Think about the health and safety of your family when making these types of decisions. www.readysetpresent.com www.silkwebconsulting.com Page 9
    10. 10. Prioritizing Your Budget (5 of 5)  Many utilities, such as: – The telephone company, electric company, and gas company, have programs to lower your bill if you qualify.  Contact your utility company for assistance.  Remember, everyone has different priorities. – You will have to make the decisions that are right for you. www.readysetpresent.com www.silkwebconsulting.com Page 10
    11. 11. Budgeting Tools www.readysetpresent.com www.silkwebconsulting.com Page 11
    12. 12. Budget Box System  The budget box is a small box with dividers for each day of the month.  When you receive a bill, check the due date and place it behind the divider that represents the bill’s due date.  As you receive income, pay all bills that are due. www.readysetpresent.com www.silkwebconsulting.com Page 12
    13. 13. Computer System  Create your own spreadsheet.  Purchase personal finance software.  Using a computer to manage your finances is relatively simple.  Once you set up the system, updating information is quick and easy.  It is important to enter transactions frequently to truly understand your financial position. www.readysetpresent.com www.silkwebconsulting.com Page 13
    14. 14. Download “Money Management (Personal)” PowerPoint Presentation at ReadySetPresent.com 176 slides include: 17 slides on budget and budgeting tools and software will give you the knowledge to keep track of your money, plus content slides on buying, selling, and trading a car and dealing with car loans; home buying, including leasing info and mortgage loans, and checks. You’ll find the information you need to guide you on the path to successful money management. www.readysetpresent.com www.silkwebconsulting.com Page 14

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