长春科技大学学报.ppt

Steps to Financial Success Let’s Dream. What do you want your life to look like in ten years? Will you live in a house, townhouse, apartment, mobile home? Will you live in a big city, town, or in the country? On a working farm? Will you be married? Have Children? Grandchildren? Great-grandchildren? Will you be employed by someone else, owning your own business, staying home with the children, or retired? How is you health? What will you be driving? Where will you go on vacation? How to plan for financial success Values Values are what is important to you Those things you were willing to work hardest for are based on you values What are some your values? Need VS. Want Need Want How to plan for financial success  What are you willing to work for? Look at your perfect life, what are you willing to work for to make sure it happens? What are the most important things on your list? Which things do you need someone else to share your dream to make it come true? Who? S.M.A.R.T. Goals Specific Measurable Attainable Realistic Timetable Types Of Goals Long Term Intermediate Short Term Purchase a used car Save for a down payment Review Credit report Money Problems Involve Value Conflict Unrealistic Goals Emotional Uses of Money Lack of Planning Openly CommunicateCommunication Guidelines Clearly identify issue(s) Let everyone speak Listen carefully Negotiate Discussion For Couples Child rearing Employment Spending Housing Transportation Recreation Vacations Gifts and contributions Future security In Summary Picture your perfect life Clarify your values Need VS. Want Set Goals Communicate and negotiate How to plan for financial success Starting a Spending Plan Identify your financial goals Estimate monthly income expenses Track your expenses for a few months Compare and make adjustments as necessary! Determine your monthly income Gross Income income before deductions Disposable (Net) Income income after tax and other employer withholdings