Financial Planning and On-Line

Banking

Sponsored By:Connecting Your Community (CYC)

First you must create a budget

•Where your money is coming from

• How much is there

•Where it is all going.

A budget shows

1. Gather every financial statement you

can.

2. Record all of your sources of income

3. Create a list of monthly expenses

How do you create a budget:

Fixed Expenses Fixed expenses are those that stay

relatively the same each month and are required parts of your way of living. (i.e. Rent, car note, cable, internet etc.)

Variable ExpensesVariable expenses are the type that will change from month to month and include items such as groceries, gasoline, entertainment, eating out

Expenses are either Fixed or Variable

If your end result shows more income than expenses you are off to a good start.

You can prioritize this excess to areas of your budget such as retirement savings or paying more on credit cards to eliminate that debt faster.

If you are showing a higher expense column than income it means some changes will have to be made..

Total your monthly income and monthly expenses.

For a sound financial plan, one must

Review your budget on a monthly basis

Start a savings program and make it automatic

Maintain good credit

Login Name: _______________

Password: _______________

On-line banking is Secure

You login with your own

Never give your login name or password to anyone

You can get your Account Information

•Account Summary

Checking and Savings Balances

•Account Activity

All Posted Deposits and Withdraws

•Download Statements to Financial

Software

Pay Bills

•Add or Delete Bills to Pay

•Pay Bills

•Schedule Bill Payment

Transfer Funds

From one account to another

Transfer money from checking to your saving account to create saving.

On-line banking willSave you money

No more money ordersNo more postage stamp

Save you timeNo more trips to buy money ordersNo more trips to the post office

Use of Financial Planning And

On-line Banking

Is the formula for financial stability and a better life for your family