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The responsibility of financial future. Created by: Jacob Garber ( 30260 ) Instructor: Natalia Fofanova University of Houston. Jacob Garber. President of Bennett and Garber- My household! I do all the budgeting and planning for our household!
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The responsibility of financial future Created by: Jacob Garber (30260) Instructor: Natalia Fofanova University of Houston Jacob Garber
Jacob Garber • President of Bennett and Garber- My household! I do all the budgeting and planning for our household! • I’m a college student studying Psychology, Economics, and Marketing. • I like schedules, budgets, and stability! Jacob Garber: President of Bennett and Garber Jacob Garber
Money, money, money! • Money is essential in today’s society. • Why? How? • Money pays for gas, the car bill, groceries, a roof over your head. • The economy runs on money being spent by the consumers, whether it may be a penny or thousands of dollars. Jacob Garber
What Does The Typical American Spend Money On? • Rent/Mortgage • Car Payment • Cell Phone Bill • Car Insurance • Groceries • Gas • Utilities • Back button Jacob Garber
How does Basic Math Help? • You may wonder why there’s a slide about math. • Math is essential to keeping a budget and figuring where the money is going. • Example: Car payment is $300.49, Utilities are total of $ 930.31, and Rent is $850. You would have to add it all up to get the grand total of $2080.80. • Math is important to keep your finances in order! Click to play Jacob Garber
Ben S. Bernanke Chairman of Federal Reserve System • Speaks about finances and money Click to play • Back button Jacob Garber
How Important Managing Money is? • What kind of a life could you have if you manage your money or if you didn’t manage your money? Lack of Money for repairs to disasters can cause your home to be like this. Managing your money well can get you a home like this. Jacob Garber
So Let’s talk about Budget • How important is a budget? • Very! You may want to have a budget that leaves flexibility, for instance, a up coming new car payment, or a increase in rent/mortgage payment. Top: A new Jeep Below: My home in a subdivision • Back button Jacob Garber
Budgeting can get you a great place! • My budgeting skills managed to get us a new jeep, a great home on the golf course and able to live a good life. Jacob Garber
Complete Required Forms • W4 • Employee data card Jacob Garber
Salary Levels Jacob Garber
Insurance • Select medical plan • Life insurance options Seminars Jacob Garber
Department Schedule • Shift Schedule • Training Schedule Jacob Garber
Example of How to Budget • Rent/Mortgage would be a chunk of your paycheck • Utilities, Food, Gas, Insurance, and other bills such as Car payments would be another portion of your paycheck. • Other expenses include trips, educational fees , clothing, eating out, and more. • Back Button Jacob Garber
Credits • Special thanks to http://dallasfed.org/ca/wealth/index.cfm for the video and information about financial planning. • http://donnahoodrealtor.com/yahoo_site_admin/assets/images/153_cypress_texas_new_homes_1.61205338.jpg for the Nice home photo • http://gliving.com/wp-content/uploads/2009/01/los-angeles-low-income-housing-crisis.jpg for the home in need of TLC. Jacob Garber
THE END!!! • Back Button Jacob Garber