FIN1 FTU - Stage 11

F1 – PROJECT-STAGE 11: PERSONAL SAVINGS TCHE322 Lawrence J. Gitman, Michael D. Joehnk and Randy Billingsley (2011). Chapter 4 1 Schedule of lectures Project topic covered • Types of savings • Interest rate calculation Groupwork project activities • Analyze different savings • Make decision 2 GITMAN/ JOEHNK/ BILLINGSLEY 4 Managing Your Cash and Savings Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. LEARNING OUTCOMES 1 Understand the role of cash management in the personal financial planning process 2 Describe today’s financial services marketplace, both depository and nondepository financial institutions 3 Select the checking, savings, electronic banking, and other bank services that meet your needs Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. PFIN4 | CH4 4 LEARNING OUTCOMES (continued) 4 Open and use a checking account 5 Calculate the interest earned on your money using compound interest and future value techniques 6 Develop a savings strategy that incorporates a variety of savings plans Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. PFIN4 | CH4 5 Cash Management (Liquid Assets) • Routine administration of cash and nearcash resources • Establishes savings program that is an important part of personal financial planning Copyright ©2016 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. PFIN4 | CH4 6