Living Off Your Paycheck

BALANCING LIFE’S ISSUES, INC.

Objectives

The Psychology of Money

Goal Setting

Credit and debt

Meat vs. Gravy

Tips for saving

Budgeting

Psychology of Money

Ask yourself these tough questions.

What does money mean to you?

What did money mean to you?

What do you need to do in order to change your behavior?

What is your “latte factor?”

How motivated are you to change your money belief system?

Change Your Behaviors

“Learned Optimism”

21 Day Rule

Motivation

Necessity

Reality Check

Role-Model

Become a Learner

Goal Setting

SavingsHouseCarCollegeRetirement

Goals for Retirement

What percent of you average annual gross salary do you need to retire on?

What do you want your retirement to look like?

What lifestyle compromises are you willing to make?

Credit Cards

Credit Card BalancesPros and Cons of Credit CardsCashNew Rules of Owning a Credit CardHow do Credit Card affect your FICO ScorsOpening credit cards for your children

Meat vs. Gravy

Tips for Saving Money

For you and your family Turning lights off Not going out to eat Not ordering food in Shopping at various grocery stores Buy clothes that do not require dry cleaning Change your gift giving habits… maybe gifts of trade instead ( include dog walking, baby sitting, cleaning out closets.) Take advantage of library , free movies, and all discounts possible

70% of Gross Salary• “Meat”

10% Cash• Available at the end of

the day• Savings account• Credit union• ING Direct

10% Retirement• IRA/401K• Minimum… what else

can you do?

10% Gravy• Vacation• Gifts• Eating out

Budgeting

“From pennies we get broke and from pennies

we get rich.”

Motivation

RESOURCES

The Automatic Millionaire……David BachThe Wealthy Barber…………David ChiltonMoney magazineingdirect.comwww.bankrate.comMint.comLearnvest.com