personal financial management usmc quizlet

Navy Materials Navy PFM Checklists, Handouts, and Guides. There are more than 20 money management topic areas that are discussed in workshops and seminars, which include investment planning, financial planning, retirement and estate planning, consumer awareness and protection budgeting, saving, using credit, managing debt, military financial rights, Thrift Saving Plan, Saving Deposit Plan, and Survivor Benefit Program. Terms in this set (39) Military compensation includes. Study 32 Personal Financial Management Exam 1 flashcards from Hannah C. on StudyBlue. -accept deposits in checking and savings accounts, -"savings & loan associations" "S&L's" "Thrifts", Federal Deposit Insurance Corporation (FDIC), -$250,000 insurance per person, all products. Write. Marine Corps Institute "Personal Financial Management" MCI 3420F Paperback – January 1, 2008 by Marine Corps (Author) 5.0 out of 5 stars 1 rating. If you are scheduling an individual appointment, you can expect to be seen within 10 business days. Personal Financial Management Exam 1 - Finance 1003 with Morris at University of Arkansas - Fayetteville - … Personal Financial Management Currently selected; Family Readiness (OPNAV N170C) Family Care Plan; Culture of Excellence (COE) Workshops . net salary income. Created by. The three basic types of pay are base pay, special incentive pay, and. Gravity. What is the credit reports provided by credit bureaus? Flashcards. Learn personal financial management with free interactive flashcards. Think You Don't Need a Financial Plan? -interest charged on the balance at the beginning of the new billing period, interest charged on average daily balance at the end of every day in the billing period, interest is charged based on the balance at the end of the new billing period, the percentage of credit that must be paid as interest on an annual basis, the simple interest rate including any fees charged by the creditor, a plan to the court in which you repay at least a portion of your debt and pay attorney and filing fees, allows the discharge of almost all debts, but also have to surrender assets to pay debt, allows you to keep your assets, but the court takes control of your finances and devises a 3-5 year repayment plan. Personal Financial Management Program PLAY. Mon - Fri: 8am - 4:30pm Start studying Personal Financial Management Exam #2. Spell. AS-912 Longstaff St, … Write. Click here for Navy versions of Personal Financial Management Checklists, Handouts, and Guides. PLAY. Military Family Readiness Instruction. Learn. A solid understanding of your personal financial situation and prospects will give you a better chance of achieving financial success during your career and help you build confidence in facing financial challenges and responsibilities. The Personal Financial Management Specialists and the unit Command Financial Specialists provide no cost services to Marines and are the primary source of financial education and counseling. What are the factors affecting credit score? -credit card that is honored by a specific retail establishment, credit cards, such as gold or platinum cards, issued by a financial institution to individuals who have an exceptional credit standing, -period between time of purchase and when payment is due, -the amount that you must pay as a result of using credit. 9 . - A collaborative and comprehensive approach to personal financial management education, training, information and referral and counseling. Individual appointments are generally scheduled for one hour and include the preparation of a financial planning worksheet to assess current financial status and identify areas for improvement. Your entire salary . What are the disadvantages to credit cards? personal financial management. Test. Personal Financial Management Program Offers: - One-on-one counseling/coaching, workshops, brown bag luncheons and command/unit Training. One-on-one coaching is available for financial topics from budgeting/diversifying your income, credit and debt management, military/consumer protections, car buying, home options, savings and investing, financial planning for future events, clearance issues related to personal finances, financially fit children, and other financial topics. The Personal Readiness Seminar (PRS) is the first action point in the Marine for Life Cycle model. STUDY. Think Again. Flashcards. The MCCS Personal Financial Managers (PFMs) train selected Marines and upon completion of the 40 hour course the CFS is expected to serve as the command’s principal advisor on policies and matters related to personal finance. if your annual salary is employer paid $30,000 a year from your full time job. -specialize in personal loans to individuals (big ticket items), -investment banking and brokerage services, -placing securities: finding investors who wish to purchase corporate securities, -execute trades of buy and sell orders, matching willing buyers and sellers, -pool investors' money to purchase diversified collection of stocks and/or bonds (mutual funds), -combination of: banking, securities, investment, insurance, -depository banks electronically transmit images of your check to your bank, total of all demand deposits nationally + total of all currency in circulation, -buys US securities from investors with its reserve funds-->investors have more cash and save/invest, banks have greater deposits from investors' increased cash, banks have more money to loan, loan interest rates go down, -when the federal government spends money greater than what it takes in, it must: increase taxes or increase borrowing (issue US government securities), increased demand for investor funds and interest rates go up, decreased demand for investor funds and interest rates go down, -when economic conditions and activity weaken, companies: reduce labor force/costs and reduce or delay expansions, less competition for loans, interest rates go down, When economic conditions improve, businesses expand-->, increased business borrowing leads to increased demand for loans and interest rates go up, what you receive on a deposit-what you pay on loans, series of decisions made over a short-term period regarding cash inflows and outflows, your ability to cover an cash deficiencies that you may experience, risk free rate and the level of risk you are willing to tolerate, cash & cash equivalents/monthly non-discretionary cash flows, cash & cash equivalents/current liabilities, checking account, NOW account, savings account, money market deposit account, cd's, treasury bills, money market fund, asset management account, arrangement that protects a customer who writes a check for an amount that exceeds the checking account balance, financial institution's notice that it will not honor a check if someone tries to cash it, NOW (negotiable order of withdrawal) account, type of deposit offered by depository institutions that provides checking services and pays interest (myClub checking), pay interest and are slightly less liquid than checking accounts, deposit offered by a depository institution that requires a minimum balance, has no maturity date, pays interest, and allows a limited number of checks to be written each month (less liquid than checking, pays a higher interest rate), certificates of deposit that have small denominations, debt securities issued by the US treasury, purchased by the public in the secondary market, treasury securities with maturities of one year or less, purchased at a discount, result when sold is capital gain, market where existing securities such as treasury bills can be purchased or sold, accounts that pool money from individuals and invest in securities that have a short-term maturity, short-term debt securities issued by large corporations that typically offer a slightly higher return than t-bills, account that combines deposit accounts with a brokerage account and provides a single consolidated statement, the risk that a borrower may not repay on a timely basis, the risk that the value of an investment could decline as a result of a change in interest rates, the potential loss that could occur as a result of converting an investment into cash, funds provided by a creditor to a borrower that will be repaid by the borrower in the future with interest, credit provided for a short period, such as department store credit, credit provided for specific purchases, with interest charged on the amount borrowed, credit provided up to a specific maximum amount based on income and credit history, interest is charged each month on the remaining balance, reports provided by credit bureaus to document a person's credit payment history. 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