Class 2 - -Lenders-Changes needed to reach GOALS Consumer...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Budget (Map or Monitoring Tool) Budget Issues - Value Differences - Unrealistic Goals - Emotional issues - Unplanned Events - Communication Goal statements Amount: By when? For what (or why)? Managing Disposable Income Must Haves – 50 % House Transportation Food Wants – 30 % Cable Spring Break Trip Magazine Latte’ Savings - 20% Traditional Savings Additional payments Why do we compute these financial statements? - Living within our means
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: -Lenders-Changes needed to reach GOALS Consumer Expenditure Survey-Income-Size and type Consumer Price Index www.bls.com-Changes in prices of a market basket of goods and services Used in Adjusting:-Income payments-Social Security-Child support-Food Stamps-School lunches-COLA Application of net worth-Net worth = $1 million-Frugal Rule # 1 Count your money Rule # 2 Get organized...
View Full Document

This note was uploaded on 12/01/2011 for the course HDFS 238 taught by Professor Boyce during the Fall '10 term at Michigan State University.

Page1 / 2

Class 2 - -Lenders-Changes needed to reach GOALS Consumer...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online