Managing CashCreated by Ms. Snyder

Opening QuestionsWhat important events your family and friend

celebrate together?

What is it that families plan these events?

How planning is important to the success of these events?

Planning is important in money matters too.

How much is a down payment for a $300,000 house? (20% down payment is required by the bank)

How do people pull together enough money to make a down payment for a car or a home?

How do people make sure they have enough money to cover expense for entire month?

Types of ExpensesFixed Expense: Spending that remains the same

form month to month. (Rent or Car Payment)

Variable Expense: Spending that changes form month to month (Cell phone bill, gas for the car, food purchased at restaurant)

Occasional or Periodic Expense: Expenses that occur once or a few times a year (Property taxes, car maintenance)

Type of ExpensesPlanned Expenses: Spending you expect, and for

which you plan (New clothing, Friday Night Movie)

Unplanned Expenses: Spending for an emergency, an urgent need, or an impulse purchase. (Car repairs from an unexpected accident, visit to a doctor for a sprained ankle, donation to a collection for victims of an earthquake)