FHCE 2100 Lecture Notes - Lecture 20: Quicken, Mint.Com, Software

• School: University of Georgia
• Department: Financial Planning, Housing and Consumer Economics
• Course: FHCE 2100
• Professor: Dr.Kabaci

Document Summary

Know how much they can spend each month so they do not run out. Based on previous and forecasted cash flows (income/expenses) A tool to help one accomplish short-term, intermediate, and long-term goals. Start with fixed, certain expenditures (rent, mortgage payment, installment loans) ), then flexible-certain, and last flexible-uncertain (credit card bill) Be sure to take into account expected future inflation. Build into your budgeted expenditures all short-term financial goals. Always include a category of (cid:862)fu(cid:374) (cid:373)o(cid:374)ey(cid:863) that i(cid:374)(cid:272)lude (cid:373)o(cid:374)ey to (cid:271)e spe(cid:374)t without (cid:862)a(cid:272)(cid:272)ou(cid:374)ti(cid:374)g(cid:863) for it. Increase income (two jobs, extra part-time, working at night or over weekends) Adjust expenditures (stop eating out as much, buy less shoes/clothes, etc. ) Borrow short term loan, borrow from friends or family, etc. There are many worksheets and online tools and calculators available. Free services or services for a fee. Smart phone apps such as mint. com, pageonce, expensify, easy envelope, droid wallet, money. Tons available online find one you like: excel spreadsheets.