Question

Cash Managment and Budgeting help please .

Answer 1

gonna need some more information ....

Answer 2

This is the first part that I need answers too:
•Name of Bank
•Name/Type of Account
•Opening Deposit Requirement
•Minimum Balance Requirement
•What types of fees are associated with the account? (e.g., monthly fee, minimum balance, checks, overdraft, etc.)
•Does the account include overdraft protection?
•Is electronic banking or online bill pay included?
•Are debit cards included?
•Does the account have an interest rate? If so, what is it?
•Does the account include account alerts?
•Where did you obtain your information (e.g., teller, pamphlet, website)? If you received the information from a website, include the site address.

I tried but the bank i choose didn't have the info...

Answer 3

that part is for checking accounts...

Answer 4

youll need to find a different bank then to gather that information from. go to a local bank and talk to a manager or whoever is able to open a checking account

Answer 5

maybe try one of them offshore swiss accounts :)

Answer 6

okay now on to budgeting:

Answer 7

I'm in a foster home so i cant do this alone, so thanks for you helping me

Answer 8

•Submit to your instructor the name and relationship of the friend or family member who will be your client.
•Have your client select the scenario button below. Make sure you send the detailed scenario to your instructor. You will be role playing as the financial advisor and your friend or family member will be the client.

Answer 9

A college student came to you during his first year of school. He told you that after he graduates in four years, they would like to travel the world for one year. He estimates this will cost at least $65,000 since he will not be working.

Here is his current situation:
Annual income after taxes: $12.50/hour – The student works 25 hours each week.

Monthly Expenses:
Car expenses: $230
Gas: $75
Housing: $350
Phones, TV, Internet: $50
Electric, Water, Trash: $65
Credit Cards: $0
Food: $250
Entertainment, Clothes: $280

Note to client: Get in character! Be creative in making up the stories behind the expenses/goal provided. For example, when asked about the amount you need to save, you could explain that you need that much because you want to stay in nice hotels for most of the year abroad. The employee working with you will be asking specific questions about each of the expenses here so have fun with the stories!

Answer 10

•Your goal is to help your client meet their goal! Have a conversation with your client by asking specific questions about their expenses. Your questions and the client's answers are vital to you being able to create a budget that will successfully meet their goal.
•Submit the questions and answers from your conversation to your instructor. During the conversation, either take notes or record the dialogue. You can record the conversation(s) using email, instant messaging, voicethread, a collaborative and virtual meeting room, a word processing document with a transcript of the conversation, or other Web 2.0 tool with permission from your instructor.

Answer 11

@amistre64

Answer 12

im thinking of something called: sensitivity analysis

Answer 13

by adjusting the values, you can see how it effects the discretionary income (amount left over after expenses)

Answer 14

4 years is 48 months; 48 * 54

54
48
----
43
2102
06
------
2592 which is a far cry from 65000