Post on 25-May-2015
description
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