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Cash Flow Management
Part 3: Spending Plans - Continued

C. Balancing Income and Expenses
Read: Seven Financial Options

Watch video: Video (8 minutes) - With Handout 1 - Spending Plan
Presenter: Gayle Rose Martinez, AFC

Activity: Review the Earned Income Tax Credit website

Discuss the pros and cons of getting the Advanced Earned Income Credit monthly.

D. Decrease Expenses
Read: Handout 2- Money Plan

Watch video: Video (4 minutes) - With Handout 2 - Money Plan
Presenter: Gayle Rose Martinez, AFC

Activity: Decide what expenses you might decrease in your personal plan

E. Debt Repayment Strategies, Bankruptcy
Watch Video: Video (6 minutes)
Presenter: Gayle Rose Martinez, AFC

Read: Handout 3 - Debt Repayment Strategies

Read: Fiscal Fitness: Choosing a Credit Counselor

Activity: Call or visit the website of one of the national debt counselors and ask about their program offerings, and the cost to the consumer.

When might bankruptcy be the best option for a person in financial difficulty?

Name:

Email Address:

 

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