Managing My FinancesKrystal Hydes

SettingVarious Stores in

Orlando Money to Spend

SituationGetting Caught Up in

ShoppingLimited Funds

Depleting

ActionContemplating My

OptionsCalling Mom to Tell

Her the Truth

Result

Disappointed Mom Broke Me

A Different Perspective

Setting

At My Home in MiamiMy Daughter is

Shopping in Orlando

SituationSo Proud of My Daughter for Spending Her Saved

Money on Her Family

My Daughter Calls Me

The Phone CallMy Daughter Tells Me

She has Spent the Money on Herself

Disappointed in My Daughter’s Choices

ActionTrying to Advise My Daughter to Better

Manage Her Finances Hoping for the Best

ResultDisappointed on Christmas Day

Hopeful That My Daughter Learned From

Her Mistake

Management Concept: Planning

• Budgets

• Implementing Plans

Implementing Plans and BudgetsMonitoring

Implementation

Approved Budget

Management Concept: Tactical Control

• Financial Controls

• Budgetary Controls

Financial and Budgetary ControlsFinancial Statistics

Ensuring Plans for Expenditures are Achieved

How Planning and Tactical Control Play A Role in My ScenarioTotal Lack of Planning and Tactical Control

What Did I Learn About Myself?

Impulsive/Spontaneous Organized

What Lessons Did I Learn From This Situation?

Budgets Are Very Necessary

Organization is Key

How Did My Understanding of the Situation Change?

A Different PerspectiveManagement Applications

How Will This Situation Help Me to Be a Better Me?

Selfless, Not Selfish!

Better Financial Management Skills