FRMT 211: Timing Goals and Establishing Priorities

Timing Goals and Establishing Priorities

Lesson 34 : System For Money Management By Families

Timing Goals and Establishing Priorities:

Financial plans should be discussed with all family members. Specific personal one and group goals should be listed.

Setting priorities becomes very important when the financial resources are limited. The identified goals should be needed to achieve them. They can be classified in three groups as immediate goals, intermediate goals and long term goals based on the time needed for their attainment.

Last modified: Thursday, 22 March 2012, 7:13 AM

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      - Introduction
      - Defining Success In Terms Of Life Style
      - Timing Goals and Establishing Priorities
      - Estimating The Cost Of The Goals
      - Analyzing The Financial Resources
      - Income Profiles In The Family
      - Methods Of Handling Money Income
      - Management Of Family Income
      - Formulating A Plan Of Action
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Management of Family Resources

Timing Goals and Establishing Priorities

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