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THE CA$H ELEMENT OF YOUR BUDGET

THE CA$H ELEMENT OF YOUR BUDGET. PRESENTED BY DR. AA NEIDERMEYER. DETERMINE THE TIMING AND AMOUNT OF YOUR CASH NEEDS. A detailed cash flow analysis is required This analysis should be done on a monthly basis considering all annual required payments.

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THE CA$H ELEMENT OF YOUR BUDGET

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  1. THE CA$H ELEMENT OF YOUR BUDGET PRESENTED BY DR. AA NEIDERMEYER

  2. DETERMINE THE TIMING AND AMOUNT OF YOUR CASH NEEDS • A detailed cash flow analysis is required • This analysis should be done on a monthly basis considering all annual required payments

  3. DON'T ACCUMULATE IDLE OR LOW-EARNING DEPOSITS • Always have your money earning money • Maximize your overall yield whenever possible

  4. PARKING SPOTS FOR CASH: • Your pocket • Checking account • Savings account • Money market deposit account • Money market mutual fund • Certificate of deposit • U.S. Treasury bill • U.S. Savings bond

  5. EVALUATE YOUR INSTITUTIONS: • Commercial banks • Savings and loan associations • Mutual savings banks • Credit unions

  6. EVALUATION CRITERIA: • Fees • Yield on deposits • Safety/liquidity

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