MGMT week 4 .ppt - When should you start saving for your...

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When should you start saving for yourchildren’s college education?
Parents’ Challenge Early OnLesson 1:Planning Is The Key ToSuccessOrganizing and managingrecordsLesson 2:Planning Your SpendingLimitationTracking your spending; creatingand using a budget
• Why it is important to save• Basic facts about saving money• Strategies for saving money• Ways to encourage your children tosaveOverview: Planning Your Savings
Why Is it Important to Save?
Why Is Saving Important For The Future?• To have emergency funds• To become financially independent• To be a role model for our children
Millionaire Habits: True orFalse?Do Most millionaires:a) Drive the latest model carb) Purchase ready-made suits most likely onsalec) Own small businessesd) Have spouses who are careless spenders
Time- Tested Saving Strategies• Pay Yourself First• Live below your means• Start now it’s never too late to startsaving

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Term
Spring
Professor
N/A
Tags
Fractional reserve banking, Deposit account, Savings account, Money market deposit account

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