© South-Western Educational Publishing Chapter 8 Budgets and Financial Records  Budgeting and Record Keeping  Legal Documents and Filing Systems.

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© South-Western Educational Publishing Chapter 8 Budgets and Financial Records  Budgeting and Record Keeping  Legal Documents and Filing Systems

GOALS © South-Western Educational Publishing Lesson 8.1 Budgeting and Record Keeping      

© South-Western Educational Publishing Preparing a Budget    

© South-Western Educational Publishing Income Work $320 Allowance20 Lunch money40 Total income$380 Total expenses$280 Simple Budget Expenses Lunches $ 80 Supplies20 Snacks40 Entertainment120 Savings To credit union$100 Total expenses plus savings$380

© South-Western Educational Publishing Monthly Budget  

© South-Western Educational Publishing Personal Records        

© South-Western Educational Publishing Net Worth Statement Assets –Liabilities Net worth

© South-Western Educational Publishing Personal Property Inventory YearPurchaseApproximate ItemPurchasedPrice Current Value

GOALS © South-Western Educational Publishing Lesson 8.2 Legal Documents and Filing Systems      

© South-Western Educational Publishing Types of Contracts  Contract –    

© South-Western Educational Publishing Elements of an Enforceable Contract  Agreement  Genuine  Consideration  Contractual capacity  Legality

© South-Western Educational Publishing Consumer Responsibilities in Agreements  Understand agreement.  Keep a copy of the agreement.  Be sure the agreement is dated correctly.  Be sure all blank spaces are filled in or marked out.  Be sure all terms agreed upon are written clearly.  Be sure all dates, amounts, and other numbers are correct and clearly written.  Be sure proper disclosure is made by the seller.  Be sure all cancellations and adjustments are made in accordance with the contract.

© South-Western Educational Publishing Negotiable Instruments  an unconditional written promise to pay a specified sum of money upon demand of the holder    

© South-Western Educational Publishing Warranties   

© South-Western Educational Publishing Filing Systems for Personal Records    

© South-Western Educational Publishing Home Filing System Warranties Utilities Medical Travel Taxes Subscriptions Insurance Household Entertainment Automobile