Personal Finance and Economics | Jon Arrington Ponzi

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Personal Finance Economics Jon Arrington Ponzi
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Jon Arrington Ponzi an investor, provides
finance. He provides financing solutions that
include promotional and standard installment
terms for Financing Program. For investment
banking, Jon Ponzi is the right choice. Further
gives more details about financing.
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Managing Your Money
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Consumer Rights Income Types

• DOLLAR VOTE guides how we spend
• Disposable Income
• Money left after taxes are paid
• Used for needs
• Discretionary Income
• Money after necessities are bought
• used for wants

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Consumer Rights Protections

• Caveat Emptor
• Let the buyer beware
• Consumerism
• Educating buyers about products demanding top
  quality from manufacturers
• Laws passed to protect consumers
• Labeling
• Fair Packaging and Labeling Act contents must be
  identified
• Food, Drug, and Cosmetic Act- list ingredients
  and amounts
• Consumer Health Safety
• Food Drug Act 1906
• Better Business Bureau

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Consumer Responsibilities Smart Buying
Strategies

• Be informed!!
• Dont be easily swayed by advertising
• Engage in COMPARISON SHOPPING
• Brand name vs. generic
• Balance costs benefits of buying used items,
  mail order, or alternatives, etc.

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Consumer Responsibilities Other

• Report faulty products
• Keep records of efforts to resolve
• Exhibit ethical behavior

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Consumer Rights Consumer Bill of Rights

• Started under JFK, re-defined under Nixon
• 5 basic rights
• 1) Right to a safe product
• 2) Right to be informed
• 3) Right to choose
• 4) Right to be heard
• 5) Right to redress

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Planning Budgeting
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Making a Budget Basic Terms

• Budget
• a plan for making and spending
• Income
• you earn
• Expenses
• you spend on everything (including saving)

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Making a Budget How to Make a Budget ?

• Make a list of expenditures
• Record income
• Analyze data
• Set aside Emergency
• Monitor Spending tame unnecessary spending

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Making a Budget CREDIT Terms

• Credit
• Borrowing to pay now, enjoy now, but repay
  later
• Annual percentage rate (APR)
• Annual cost of credit
• Credit rating
• Evaluation of borrowers ability to repay
• Collateral
• Items of value pledged as security on a loan
• Interest
• paid to lender for allowing use of money by
  borrower

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Making a Budget CREDIT Sources

• Credit Cards
• Most common
• Banks, cc companies, stores
• limit set on spending allowance
• Mortgages
• Home loans
• Car loans

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Making a Budget CREDIT Benefits Drawbacks

• Can buy now and pay later helps to satisfy wants
• Meeting payment requirements can teach financial
  discipline
• BANKRUPTCY !!

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SAVING INVESTING
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Saving for the Future Why?

• Make major purchases
• Emergencies
• Luxurious wants vacations
• Economic circle of life
• Allows others to borrow
• Improves standard of living

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Saving for the Future Saving Regularly

• Employer withholdings
• Employee responsibility
• Easy availability of funds
• Earns interest

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Saving for the Future Deciding About Saving

• Trade-off involved
• Saving for tomorrow eliminates something you
  can have now

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Types of Savings

• Savings Checking accounts
• Certificates of Deposit
• Money Market Account
• US Savings Bonds
• See chart on page 556 !!!

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Investments Stocks

• Stocks ownership in a company
• Stock values go up down
• Dividends payments based on stocks ownership of
  a companys profits
• Can gain or lose it all!!

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Investments Bonds

• Bond contract to repay borrowed money with
  interest in a specified amount of time
• No ownership attached
• Quick method for raising
• Government bonds
• Used to pay for expenses
• Savings bonds (safe!!)
• Treasury bills

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Investments Mutual Funds

• Pools of from many people who are invested in a
  selection of individual stocks and bonds chosen
  by financial experts
• Limits loss since it is spread out
• Some tracked by a govt regulated index
• Dow Jones Industrial Average
• Standard Poors (SP)

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Achieving Your Financial Goals
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What kind of SPENDER are you?

• Impulse buyer
• Signs
• Buy things you dont need
• Emotions tied to buying
• Out of have to borrow often
• Quick loss of satisfaction with purchases
• Avoidance Tips
• Budget
• Make a list
• Walk away from temptation
• Price shop delay purchasing

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These are various sources of finance. There is no
hard and fast rule to differentiate between short
and medium-term sources or medium and long-term
sources. A source for example commercial bank can
provide both a short-term or a long-term loan
according to the needs of the client. However,
according to Jon Arrington Omaha, all these
sources are frequently used in the modern
business world for raising finances.
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THANK YOU