1 / 7

Managing your money

Managing your money. Kyli Doucette, Danial Uddan,Wendy zhao and Elizabeth Salas. Key Terms. Budget - is a plan for saving and spending money based on your income and your expenses. Record keeping - organizing and maintaining records of your income and spending.

yosef
Télécharger la présentation

Managing your money

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Managing your money Kyli Doucette, Danial Uddan,Wendy zhao and Elizabeth Salas

  2. Key Terms Budget- is a plan for saving and spending money based on your income and your expenses. Record keeping- organizing and maintaining records of your income and spending. Get into the habit of record keeping! Financialresponsibility - accountability in money matters. Adhering to a budget will enable you to manage your money responsibly.

  3. Budgeting

  4. Why should we manage our money? • -To cover expenses  -rents, insurance, bills, and gas-To keep future safe  -children’s college, medical emergency-To cover your needs and wants  -clothes, foods, entertainment

  5. Tips on helping manage a budget • Financial responsibility will increase as you get older. It may be wise to plan for and increase in financial responsibility. • Make sure to take into account inflation or recession. Here are some ways to deal with it inflation- -Cut back on unnecessary expenses. • Look for a second job to increase income • Be a wise shopper: use coupons and shop sales.

  6. Tips for recession -Save money - If you get laid off, accept job placement help if your former employer offers it. • Plan a budget • Prioritize your needs and wants.

More Related