personal finance final exam review n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Personal Finance Final Exam Review PowerPoint Presentation
Download Presentation
Personal Finance Final Exam Review

Loading in 2 Seconds...

play fullscreen
1 / 17

Personal Finance Final Exam Review - PowerPoint PPT Presentation


  • 76 Views
  • Uploaded on

Personal Finance Final Exam Review. Money Habit . Want . Need. SMART GOAL. SPECIFIC MEASURABLE ATTAINABLE RELEVANT TIME BOUND. Goals. Short Medium long. Up to three months Three months to a year More than a year. Parts of a Budget. Income . Expenses Fixed expenses

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Personal Finance Final Exam Review' - olinda


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
money habit
Money Habit
  • Want
  • Need
smart goal
SMART GOAL
  • SPECIFIC
  • MEASURABLE
  • ATTAINABLE
  • RELEVANT
  • TIME BOUND
goals
Goals
  • Short
  • Medium
  • long
  • Up to three months
  • Three months to a year
  • More than a year
parts of a budget
Parts of a Budget
  • Income
  • Expenses
    • Fixed expenses
    • Variable expenses
    • Periodic or occasional expenses
    • PYF
decide steps
Decide Steps
  • Define your goal
  • Establish your criteria
  • Choose two to three good options
  • Identify the pro’s and cons’
  • Decide what’s best
  • Evaluate the results
6 steps to a winning plan
6 steps to a winning plan
  • Decide the time frame for tracking your income and expenses
  • List your income
  • Use your spending log to create categories and predict amounts for each of your expenses
  • Subtract your total expenses from your total income
  • Implement the plan
  • Review and adjust he plan as needed.
stop drop and think
Stop Drop and Think
  • Do I need this or do I want it?
  • If I don’t need it, why do I want it?
  • Exactly when will I use it?
  • Can I find it for less somewhere else?
  • What will I have to give up or put off by buying this now?
credit
credit
  • 5 c’s of credit
  • Capital
  • Capacity
  • Character
  • Collateral
  • conditions
  • Triple D Approach to fraud
  • Deter
  • Detect
  • Defend
pay yourself first
Pay Yourself First
  • What is it, and how does apply to concepts you learned in the 5 booklets…?
slide11

Items on a Paycheck

  • Name
  • Address
  • Hours worked
  • Rate of pay
  • Payroll deductions
  • Other deductions
  • Payroll taxes
    • Federal income tax
    • State income tax
    • FICA (medicare)
    • Local income tax
investment options booklet 4
Investment Options Booklet 4
  • Savings Account
  • Money Market Deposit
  • Certificate of Deposit
  • US Savings Bond
  • Stock
  • Mutual funds
  • Real estate
  • Collectibles
  • Start your own business
  • Risk tolerance
slide13

Education options

    • Associates Degree
    • Bachelors Degree
    • Masters Degree
    • Doctorate Degree
  • Benefits at a job
    • Health insurance
    • Vacation time
    • 401K
    • College reimbursement
    • Company discounts
checking account
Checking Account
  • Parts of a check
  • Name-address
  • Pay to the order of..
  • Numerical value
  • Writen out value
  • Signature
  • Memo line
  • Bank routing number
  • Your account number
  • Bank Fees
    • Monthly service fee
    • Out of network atm fees
    • Check fees
    • Debit fees
    • Nonsufficient funds
    • Overdraft fees
    • Od transfer fees
    • Deposited item returned fee
    • Stop payment fees
steps to reconcile a checking account
Steps to Reconcile a Checking Account
  • Page 21
  • Go through your statement and check off each transaction in your register
  • Jot down any bank fees you didn’t have listed in your register and subtract them from your register balance

…see page 21 for the rest- booklet 5

  • …see page 21 for the rest- booklet 5
slide16

Bank

  • They sell financial services.. A bank is owned by its investors, and a paid board of directors runs the bank.
  • Credit Union
    • Are not for profit organizations offering the same financial services as banks and are owned by their customers, who are called members.
slide17

Identify Theft

    • the illegal use of someone else's personal information (as a Social Security number) in order to obtain money or credit
  • How thieves can steal from you? (booklet 5)
  • Don’t trust – verify
  • Keep PINS total under wraps
  • Befriend a shredder
  • Protect your PC
  • Be skeptical of any offers
  • Shop securely
  • Surf safely in public