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.

1. Money
Management
(Personal)

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.
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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.
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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.
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5. Budget Considerations
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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.
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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.
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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.
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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.
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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.
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11. Budgeting Tools
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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.
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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.
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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