Living off your paycheck
This presentation is the property of its rightful owner.
Sponsored Links
1 / 15

Living Off Your Paycheck PowerPoint PPT Presentation


  • 54 Views
  • Uploaded on
  • Presentation posted in: General

Living Off Your Paycheck. The Psychology of Money Goal Setting Credit and debt Meat vs. Gravy Tips for saving Budgeting. Objectives. Ask yourself these tough questions: What does money mean to you? What did money mean to you? What do you need to do in order to change your behavior?

Download Presentation

Living Off Your Paycheck

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.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Living off your paycheck

Living Off Your Paycheck


Objectives

The Psychology of Money

Goal Setting

Credit and debt

Meat vs. Gravy

Tips for saving

Budgeting

Objectives


Psychology of money

Ask yourself these tough questions:

What does money mean to you?

What did money mean to you?

What do you need to do in order to change your behavior?

What is your “latte factor?”

How motivated are you to change your money belief system?

Psychology of Money


Change your behaviors

“Learned Optimism”

21 Day Rule

Motivation

Necessity

Reality Check

Role-Model

Become a Learner

Change Your Behaviors


Goal setting

Savings

House

Car

College

Retirement

Goal Setting


Goals for retirement

What percent of you average annual gross salary do you need to retire on?

What do you want your retirement to look like?

What lifestyle compromises are you willing to make?

Goals for Retirement


Credit cards

Credit Card Balances

Pros and Cons of Credit Cards

Cash

New Rules of Owning a Credit Card

How do Credit Card affect your FICO Scores

Opening credit cards for your children

Credit Cards


Meat vs gravy

Meat vs. Gravy


Tips for saving money

For you and your family

Turning lights off

Not going out to eat

Not ordering food in

Shopping at various grocery stores

Buy clothes that do not require dry cleaning

Change your gift giving habits…maybe gifts of trade instead

(include dog walking, baby sitting, cleaning out closets)

Take advantage of library, free movies and all discounts possible

Tips for Saving Money


Budgeting

Budgeting

  • 10% Retirement

    • IRA/401K

    • Minimum… what else can you do?

  • 10% Gravy

    • Vacation

    • Gifts

    • Eating out

  • 70% of Gross Salary

    • “Meat”

  • 10% Cash

    • Available at the end of the day

    • Savings account

    • Credit union

    • ING Direct


Motivation

Motivation

“From pennies we get broke and from pennies we get rich.”


Resources

The Automatic Millionaire……David Bach

The Wealthy Barber…………David Chilton

Money magazine

www.ingdirect.com

www.bankrate.com

www.Mint.com

www.Learnvest.com

Resources


Worklife4you resources

eSlide - P4065 - WorkLife4You

Finance Web Service

Credit & Debt Library

Personal Finance Library

Interactive CalculatorsSavings Amount, Savings Rate, Spending Rate, Credit Card Repayment, Major Purchase Savings, Retirement Funding, Retirement Savings

HTML Articles

Related Web Sites

Audio Tips and PodcastsBudgeting Basics

On Demand WebinarsOvercoming Debt, Planning Your Financial Future, Retirement & Estate Planning, Basics of Investment

WorkLife4You GuidesPersonal Budgeting Worksheet, 66 Ways to Save Money, Knee Deep in Debt, Building a Better Credit Report, Choosing and Using Credit Cards

WorkLife4You Resources

WorkLife4You web site www.WorkLife4You.com


Let worklife4you make your life a little easier

Let WorkLife4You Make Your Life a Little Easier!

Contact WorkLife4You 24/7:

1-877-WL4-NOAA (1-877-954-6622)

(TTY 800-873-1322)

http://www.worklife4you.com

Look for the “Already a member?” box

— Not a member yet? Follow the

“Register” link and enter

Registration Code: NOAA

14

14


  • Login