The document provides tips and information for creating budgeting and savings plans, including the importance of setting financial goals and maintaining money management. It discusses defining goals using the SMART approach, tracking expenses, developing a savings plan, and tips for budgeting to achieve financial success.

1. Budgeting and Savings Plans Designing, creating and maintaining a budget plan in 2012

7. Goal Activity

8. What are Savings?

9. Benefits of Savings Ability to satisfy financial obligations comfortably The difference between “getting by” and “getting ahead” Capacity to achieve financial goals

12. Budgeting Activity

16. Expenses Fixed expense is a set amount of money that is to be paid at a regular time, usually on a monthly basis Flexible expense is one that you can change Periodic expense are those that are not paid on a regular monthly basis

20. Tracking Your Expenses Activity

21. Directing Your Funds Income $2000 Housing $600 Transportation $360 Debt $200 Food $280 Household $140 Savings $200 Misc. $220 Total $2000

22. Maximizing Your Spending Plan How do your expenses stack up against your income? Do you need to increase your income? Do you need to decrease your expenses? What changes are you willing to make to your spending plan?

24. Questions?