Making Finances Fun
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The document emphasizes the importance of managing money effectively, encouraging individuals to record all transactions and avoid cash for easier tracking. It provides practical financial tips, including budgeting, opening a bank account, and utilizing digital payment platforms like PayPal. Additionally, it outlines a sample budget and stresses the importance of being realistic about financial goals.
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油
The 7 steps to ultimate financial freedom are:
1) Start your business with the end goal in mind of achieving financial security and independence.
2) Give financial benefit to customers first to expect financial gain for your business.
3) Save at least 10% of income as soon as you get paid by treating it like an expense.
4) Take advice from financial experts to avoid costly mistakes from lack of knowledge.4sight2
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油
The 7 steps to ultimate financial freedom are:
1) Start your business with the end goal in mind of becoming financially independent or secure.
2) Give financial benefits to customers first to expect financial gains.
3) Save at least 10% of income as soon as you get paid by treating it like an expense.
4) Take advice from experts even if it costs money initially to potentially save a fortune.
5) Do not invest in anything you do not understand.
6) Set goals and hold yourself accountable to avoid procrastination.
7) Take small steps every day, doing disliked tasks first.HUSC 3366 Chapter 2 Money Management Skills
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Making Finances Fun
- 1. DONT BE A DUMMY JUST MANAGE YOUR MONEY
- 2. Ice breaker Stand Up Turn to the person next to you and tell them your name, past business, present business and a future goals!!
- 3. What is it? How you record the flow of your transactions from beginning to end. Database
- 5. Mindset Putting off Thinking the little things are insignificant Financial literacy Categorizing Financial instability/ survivalism No Bank account Receipts fade
- 6. DONTS DEAL IN CASH, instead take it to the bank!
- 7. INTERNET IS YOUR BFF!
- 12. For 1 week write down every penny spent Sign up for a bank account Get a PayPal, so you can get a debit card Get away from cash Anovia will contact you in 24hours and send the equipment Stop taking cash
- 13. Monthly income: $3,000 Expenses: Rent/mortgage: $800 Household bills (utilities/electric/cable): $125 Groceries: $300 Dining out: $125 Gas: $100 Emergency medical: $200 Discretionary: $400 Savings: $900
- 14. Be real with yourself No amount is too small
- 15. Budget Record Actual
- 16. Print all statements for the year Anovia Paypal Square Bank Statements Fresh Books Quick Books And receipt book for cash transactions
Editor's Notes
- #5: It is your job to keep track of your expenses such as: orders, advertising, bills, supplies, vending fees, shipping and travel. The most important is Income from customers! Now that we talked about the accounting system, lets talk about you.
- #6: Go around the room and tell me what is your biggest issue with record keeping??
- #7: If you cannot keep track How can we solve your problems? Here are some options on the next slide
- #13: After you get one of the options paypal or credit card processor start keeping track