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Dollars & Change and Dollars & Sense
Dr. Bill Gustafson
Center for Financial Responsibility
&
Division of Personal Financial Planning
Center forFinancial Responsibility
•What will happen Awareness of resources
Human Resources Red to Black
Example of resource use
•What won’t happen debate on change in pay period miracle fix for debt-to-income problems everything solved in 50 minutes
Center forFinancial Responsibility
• Financial solutions for Texas Tech community• One-on-one financial planning and counseling for
individuals and couples
• Educational programs for groups
• Websites
www.r2b.ttu.edu
Center forFinancial Responsibility
Individual sessions in the TTU Family Therapy Clinic
Special Sessions at your workplace
Satellite sites (as needed):- Health Sciences Center
- Texas Tech Federal Credit Union
Center forFinancial Responsibility
Example topics
- creating a spending plan
- establishing and using credit
- obtaining and using loans
- tax strategies
- selecting and comparing employee benefits
- planning for expenses during and after college
- identity theft prevention
- pre-marital financial planning
Center forFinancial Responsibility
$ Inflow
Center forFinancial Responsibility
www.depts.ttu.edu/personnel/administration
Center forFinancial Responsibility
Center forFinancial Responsibility
Double click on
“Banner Pay Frequency Worksheet”
Center forFinancial Responsibility
You can print it and
do it by hand or…
Center forFinancial Responsibility
Or save this on your computer
Center forFinancial Responsibility Open in Excel and “Unprotect” worksheet
Center forFinancial Responsibility
Type in either your “Annual Salary”
or “Hourly Rate” amount
Center forFinancial Responsibility
Remember that the dollar amounts shown are
BEFORE DEDUCTIONS
for taxes, retirement, dependent insurance, etc.
Center forFinancial Responsibility
Center forFinancial Responsibility
Type in your “Hourly Pay”
and hit “enter”
Center forFinancial Responsibility
Center forFinancial Responsibility
$ outflow
Center forFinancial Responsibility Budget Basics
•Fixed expenses Mortgage Car payment
Not quite “fixed” electricity phone
•Variable expenses entertainment food away from home
Center forFinancial Responsibility
•WWW.R2B.TTU.EDU
Center forFinancial Responsibility
•Click on “Money Management”
Center forFinancial Responsibility
Center forFinancial Responsibility
Click on “Money Management” and then
on “Monthly Spending Plan for
Non-Exempt Employees
Center forFinancial Responsibility
Or go to the bottom of the page
Center forFinancial Responsibility
Save the worksheet
to your computer
Center forFinancial Responsibility
Center forFinancial Responsibility
http://funnyaboutmoney.com
Click on “December 2007” under
“Archives”
Center forFinancial Responsibility
PFP 3301
PFP 2330
Helpful Tech courses
Center forFinancial Responsibility
www.r2b.ttu.edu
www.pfp.ttu.edu
