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Unformatted text preview: What kind of car do you THINK your Personal Finance Instructors drive? Budget (Map or Monitoring Tool) Future Orientation to meet your financial GOALS Budget Issues Value Differences Unrealistic Goals Emotional Uses Unplanned Events Communication Goals? Yes or No? I want to: Get out of debt in 2 years Retire at age 60 Save $8000 for a vacation in 5 years Goal Statements Amount: By when? For what (or why?) ? ? ? $4,000 Oct 2010 Vacation to Scotland $400. a month $20,000 10 years Student Loans $2,000 yr. $166 mo. I want to get out of debt! Amount When What/Why Monitor Paper: Personal Long-Term Financial Goals Step #1 Start with end in mind. Step #2 What will you do with income? Step #3 Write the goals. Do they match Steps #1 and #2? DUE: Thursday, Jan 21 in class A Budget Is a. A financial report to review income and expenses from a past period of time b. A financial monitoring tool to reach future monetary goals c. A financial report that reviews assets and...
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- Spring '07
- The Land