个人理财英文版二课件.ppt

1、Chapter 2Money Management SkillsCopyright 2010 by The McGraw-Hill Companies,Inc.All rights reserved.McGraw-Hill/IrwinMoney Management SkillsChapter Objectives Identify the main components of wise money management Create a personal balance sheet and cash flow statement Develop and implement a persona

2、l budget Connect money management activities with saving for personal financial goals2-2Objective 1Identify the Main Components of Wise Money Management Money management=day-to-day financial activities necessary to manage current personal economic resources,while working toward long-term financial s

3、ecurity Daily spending and saving decisions=central to financial planning Must be coordinated with needs,goals,and personal situations2-3Components of Money Management2-4Money Management Troubles&Debt Getting out of debt:Evaluate your credit situationTrack your spendingPlan to make payments on timeC

4、onsider other income sourcesIf appropriate,seek assistance2-5An Organized Personal Financial Records SystemProvides a basis for:Handling daily business affairs,such as bill payingPlanning and measuring financial progressCompleting required tax reportsMaking effective investment decisionsDetermining

5、available resources for current and future buying2-6Records in Your Home File Items you refer to often Personal and employment records Money management records Tax records Financial services records Credit records Consumer purchase and auto records Housing records Insurance records Investment record

6、s Estate planning and retirement records2-7What to Keep in a Safe Deposit Box Records and items that would be hard to replace:Birth,marriage and death certificates List of checking,savings and financial institution account numbers Citizenship and military papers Adoption and custody papers Serial nu

7、mbers and photos of valuables CDs and credit and banking account numbers Mortgage papers and titles List of insurance policy numbers Stock and bond certificates Coins and other collectibles Copy of will2-8Records on Your Personal Computer*Current and past budgetsSummary of checks written and other b

8、anking transactionsPast income tax returns prepared with tax preparation softwareAccount summaries and investment performance resultsComputerized versions of wills,estate plans,and other documents*Keep a backup!2-9How Long to Keep RecordsRecordsRetention PeriodBirth certificates,wills and social sec

9、urity informationIndefinitelyPersonal property and investmentsAs long as you own themDocuments re:purchase and sale of real estateIndefinitelyCopies of tax returns and supporting data7 years minimum10 years better2-10Objective 2Create a Personal Balance Sheet and Cash Flow StatementBenefits Recap yo

10、ur current financial position in relation to the value of items you own and amounts you oweMeasure progress toward financial goalsMaintain information on financial activities1.Provide information for preparing tax forms or applying for credit2-11Balance SheetA financial statement that reports what a

11、n individual or family owns and owes as of a specific date:Also called:Net worth statement Statement of financial positionItems of Value(what you own)-Amounts owed(what you owe)Net Worth(your wealth)=2-12Components of a Balance SheetStep 1 List items of valueLiquid assetsReal estatePersonal possessi

12、onsInvestment assetsStep 2 Determine amounts owedCurrent liabilities(Inflows Draw from savings or borrow Problem/Result:Lower assets or higher liabilitiesInflows Outflows Put money into savings or pay off debts Result:Higher net worth2-28Selecting a Saving Technique Write a check each payday and dep

13、osit in a savings account Use payroll deduction to deposit a certain amount in savings(direct deposit)Save coins or spend less on certain items2-29Calculating Savings AmountsConvert savings goals into specific amountsUse savings and investments plans to grow your moneyUse time value of money to calculate progress toward financial goals2-30Using Savings to Achieve Financial Goals2-31