Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Do you really want to delete this prezi?
Neither you, nor the coeditors you shared it with will be able to recover it again.
Make your likes visible on Facebook?
Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.
Chapter 3: Money Management Strategy
Transcript of Chapter 3: Money Management Strategy
strategy Gabriela Asturias Organizing Financial
Records Personal Financial
Statements Budgeting for
financial goals Preparing a pactical budget How to budget successfully Ways to increase your savings Follow a practical spending plan to make it work. Pay yourself first
Spending less to save Your financial position When your net cash flow changes, so does your net worth. Personal balance sheet Step 1: Determine your assets.
Step 2: Determine your liabilities.
Step 3: Calculate your net worth.
Step 4: Evaluate your financial situation. Cash flow statement: Income vs. Expenses Key Terms: •Personal Financial Statement
•Personal Balance Sheet
Net Worth Opportunity costs &
Money management Why is it important to have a system to organize your documents? Where to keep your
financial documents: Home files
Home computers Claudia Fernandez Estefania Perez Jennifer Larrieu Money management is planning how to get the most from your money. Benefits of Organizing your
financial documents Cash flow: inflow (income) and outflow (expenses). Step 1: Record your income.
Step 2: Record your expenses.
Step 3: Determine your net cash flow. Step 1: Set your financial goals.
Step 2: Estimate your income.
Step 3: Budget for unexpected expenses. Step 4: Budget for fixed expenses.
Step 5: Budget for variable expenses.
Step 6: Record what you spend.
Step7: Review spending and saving patterns.