Paychecks and budgets Daniel Folkinshteyn, PhD

Slides:

Advertisements

Similar presentations

16 Money Management and Financial Planning

Advertisements

1 Chapter 2 – Measuring Financial Health Important parts Construct & interpret financial statements Budgeting Record-keeping Financial planners.

Money Management Skills

Money 101 | finance-lectures.com1 Debt and credit cards Daniel Folkinshteyn, PhD

NEFE High School Financial Planning Program Unit Two – Budgeting: Making the Most of Your Money Making and Living Within a Budget NORTH DAKOTA PERSONAL.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 16 SLIDE Personal Financial Statements Budgeting.

16-1. Money Management Basics $100 probably seems like a lot of money to you now. In the future you will have more expenses Food, housing, insurance,

Personal Financial Statements Ch PoB  Money Management – refers to the day-to-day financial activities associated with using limited income.

Monday January 30 th Personal Finance 1. Journal: 5 reasons you need to budget Journal Which reason is most important to you and why? How can you start.

CHAPTER 3 MONEY MANAGEMENT STRATEGY. WHAT YOU’LL LEARN When you have completed this section (3.1), you’ll be able to: Discuss the relationship between.

Money 101 | finance-lectures.com1 Money, time, and interest Daniel Folkinshteyn, PhD

Section 6.2 Track Income and Expenses.  Goals: Describe how to set up an effective filing system for your records. Explain the difference between fixed.

Money 101 | finance-lectures.com1 Education as investment Daniel Folkinshteyn, PhD

PFIN 2 4 USING FINANCIAL STATEMENTS AND BUDGETS

Chapter  From the U.S. Census Bureau, Current Population Survey, Educational Attainment 2009 data, in a sample of 100 Americans:55 would have some.

$200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 $200 $400 $600 $800 $1000 Budget, Yeah I am going to need that I am going.

User-Defined Placeholder Text Chapter 3 Money Management Strategy 3.2.

Money Management and Financial Planning

Money 101 | finance-lectures.com1 Banking and Transactions Daniel Folkinshteyn, PhD

Money 101 | finance-lectures.com1 Personal money flows Daniel Folkinshteyn, PhD

P LANNING A F AMILY P LANNING A V ACATION R ETIREMENT.

Personal Budgets. A personal budget… is a plan for raising and spending your own money. tells you exactly where your money goes. helps your expenses meet.

Money 101 | finance-lectures.com1 Spreadsheet tutorial Daniel Folkinshteyn, PhD

Money 101 | finance-lectures.com1 Modern Money Daniel Folkinshteyn, PhD

Money 101 | finance-lectures.com1 Banking and Fees Daniel Folkinshteyn, PhD

Money 101 | finance-lectures.com1 Understanding Money Daniel Folkinshteyn, PhD

Analyzing Your Paycheck Personal Finance. Types of Pay  Your pay can be calculated in a number of ways – make sure you know which way it is being calculated.

© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 6 LESSON 6.2 Track Income and Expenses GOALS  Describe how to set up an effective.

Budgeting Basics. Budgeting Basics Life is an Adventure.

16 Money Management and Financial Planning

General Money Management

Chapter 2 Money Management Skills McGraw-Hill/Irwin

Chapter 2 Money Management Skills McGraw-Hill/Irwin

Budgeting after you have identified your financial goals

PFIN 2 5 USING FINANCIAL STATEMENTS AND BUDGETS

Creating a Personal Budget

Jeopardy True/False True/False Terms Short/Long A or L Q$100 Q$100

Medicare Household Spending Non-Medicare Household Spending

Financial Literacy: Introduction and Financial Management

Financial Planning.

SAMPLE GRAPHS TO DISCUSS

Financial Review 2015/16.

Chapter 2 Money Management Skills McGraw-Hill/Irwin

Money Management Strategy Personal Financial Statement

Business and Personal Finance

PF 8.02 Understand personal financial planning (Unpacked Content)

Global Entrepreneurship and Small Business Management

STARTER Choose one below to complete:

Chapter 2 Money Management Skills McGraw-Hill/Irwin

Money Management Strategy

Personal Finance Vocabulary

Personal Finance BF05 This course prepares students to understand economic activities and challenges of individuals and families,

Spending plan Essentials

Financial Planning.

Financial Planning.

Evaluate the costs and benefits of budgeting

16 Money Management and Financial Planning

Motivation Daniel Folkinshteyn, PhD

Budgeting on an AmeriCorps Stipend

Money Management Strategy

Financial Planning and Managing Money

Mr. Park ERHS Mr. Saliani, Principal

Global Entrepreneurship and Small Business Management

Financial Literacy - Consumer

Budgeting Essential Questions

Saving and financial independence

Budgeting Essential Questions

Planning for the Future:

Budgeting on an AmeriCorps Stipend

© 2011 South-Western | Cengage Learning Global Entrepreneurship and Small Business Management Entrepreneurial Enterprises The Business Plan.

Presentation transcript:

Paychecks and budgets Daniel Folkinshteyn, PhD http://finance-lectures.com/ personal@finance-lectures.com Money 101 | finance-lectures.com

Learning objectives Describe major items on a paycheck Classify types of paycheck deductions Identify major spending categories Explain the basic budgeting process Money 101 | finance-lectures.com

Money flows Inflows -Outflows =Surplus/shortfall Money 101 | finance-lectures.com

Sample paycheck Money 101 | finance-lectures.com

Spending Bureau of Labor Statistics, Consumer Expenditure Survey http://www.bls.gov/cex/csxcombined.htm http://www.bls.gov/cex/2013/combined/income.pdf http://www.bls.gov/cex/csxgloss.htm Money 101 | finance-lectures.com

Quiz 1 If you are saving 10% of your after-tax income, how many years will it take you to save up for one year's worth of expenses? saving spending Money 101 | finance-lectures.com

Effective budgeting Gather information Create a written budget Cut discretionary expenses Stay organized Review and revise Money 101 | finance-lectures.com

Additional reading Financial Literacy and Education Commission Budgeting worksheets and planning tools: http://www.mymoney.gov/tools/Pages/tools.aspx Money 101 | finance-lectures.com

Attributions All images, unless otherwise noted, are sourced from pixabay.com or Wikimedia Commons, and are licensed under CC0, public domain. Money 101 | finance-lectures.com