MANAGING YOUR MONEY 101 It is not easy to manage money, but this is a very important part of becoming an independent adult. When you start your first job (which will probably be a part-time job), you will be expected to take on some of the financial responsibilities for your own care that were previously met by your parents or guardians. Perhaps you will have to buy your own clothes. “You will have to learn to live within your means, which means, spending no more that you earn, or not buying things for which you cannot pay” (Krammer and Petrie 154). If you are to be successful in living within your means, you must have a plan for spending. People who do not plan often end up in trouble with credit accounts. College students are particularly at risk of overdoing it with credit if they use the many unsolicited credit cards that come to them in the mail almost as soon as they check into the dormitory. Jones tells parents to be sure that their college-age students leave for college with a sensible spending plan and lessons on how to use credit (29). In order to have a realistic spending plan, you need to think about your plan – both long-range and short-range. If you want to purchase a house, for example, you will need to begin saving money for a down payment. One of the most important things you can do is to think of saving as you think of paying your bills – something you do every month without fail. In fact, you should think of savings as a bill you pay yourself. You may be one of the many people who are always planning to save but are constantly confronted with other ways of spending money earmarked for savings. Certainly, saving requires discipline. (Porter 163) Single adults and families with young children should consider saving money for the future or providing for emergencies by investing in insurance (Topolnicki 45). Income-protection insurance will provide income for the single person or young family in case the breadwinner is unable to work. There is homeowner’s insurance to cover unexpected losses of property. Car insurance is also a must. For many people, the purchase of insurance is a good way to save…
Money Log #1
Thursday, April 4, 2015
Mistakes that I have made with money
I was only in junior high school at that time. I was doing some random searches on the internet when some adds popped out. One of them said “Congratulation you’re selected to buy “the thing” with 95% off”; it made me so happy since I really wanted “the thing” at that time. I made my purchase, it did worked and said that I would receive my thing on the following week, but unfortunately it never…
term goal is to save money for a down payment on a house, creditors and bank lenders can look into credit history. Payments made in a timely manner will result in a higher credit score. A higher credit score will make it easier to obtain a loan. If payments are not made and debt increases, a credit score will be affected significantly. With a lower credit score, financial goals will be less obtainable.
Financial services offer vehicles for you to save and invest your money to earn interest for…
Unfortunately I don’t have a tree that grows money so I come to work everyday and I try to cut down on things that are not necessary. I take much care on the money I earn and the money I spend, for the purpose of spending my money wisely I have created a budget containing my total income and all of my monthly expenses, this way I can keep track of everything and it’s also helpful when trying to put some money aside. This way I could play with my bills, paying them before hand or splitting them into…
Managing the Risk of Concussions
Imagine that one day you woke up and could no longer do the simple things you enjoy in life. What if you couldn’t even read the paper, or watch a movie with a loved one? Many current and former athletes are suffering through this every day, and the reason for this is long-term brain damage, which is a direct result of concussions. Unfortunately concussions have been rising at an alarming rate. This trend has not only been occurring in big money professional…
Managing financial resources and decision
1,1-identify the source of finance available to a business
A brunch of economies concern with resource allocation as well as resources management, acquisition and investment. Finance deal with matters related to money and the markets.
Finance means to supply with money or capital;obtain money or credit for.
There are three main sources available for a bisiness:
3)business growth divided in:
Before You Read
Managing Money and Minimizing Debt
THRIVING in the COMMUNITY COLLEGE & Beyond
GEN 100 Introductions to College
This chapter is about how to manage money and how to minimize debt, is a really good and interesting chapter to read it gives out a lot of examples on how you can reduce your debts and manage your money on every days life. And how to be self-awareness on how people spent this resources; and how both of this can be save and run out of them and also give you examples…
the funding type that is considered to be best, to include reasons, pros and cons of the decision and one other possible option for funding.
Unit 2 – The Money
As a potential business owner there are a lot of things to consider when thinking about having a business. Right at the top of that list is funding. Not having enough money to open, expand or operate a business can cause serious concern. Knowing what options are available can help ease some of that concern. Knowing which of…
Managing Operation at Adobe System
In the report, Adobe System has chosen as a case study. The theories of operation management and supply chain management will be applied with the case study. The purpose of the report is trying to analyse operation management utilised in Adobe System from operation performance aspects. The analysis uses five relevant competitive issues (quality, speed, dependability, flexibility and cost) and supply chain management to find out the how…
Managing Information Systems
Pensacola State College
Managing information systems can be problematic if the IS does not have the correct plan for the information that must be used for a business’ activity. Therefore, in today’s world, information technology has become much better in order to maintain and manage an information system with the proper implementations used for the management of the IS.
Managing Information Systems
Managing and Resolving Conflicts in a relationship
November 26, 2012
The topic that I have chosen to discuss throughout this paper is Managing and Resolving Conflicts in a Relationship. This topic is very important to me simply because, I personally see a lot of relationships failing, including some of mines due to lack of resolving and managing conflicts correctly. By the end of this paper I hope that I have helped the…