The Bowen Family MONEY MANAGEMENT TABLE MONEY MANAGEMENT STRATEGIES Savings/ Investment Vehicle Current Monthly Proposed Monthly Used For $ Needed Target Date Savings Savings HISA TFSAs RRSP Non-reccuring expenses Down Payment on Home Maternity leave Vehicle Vehicle Down Payment on Home Pension $0 Annually $0 $0 To increase their success in achieving their financial goals the Bowens should utilize the following Money Management Strategies: $0 $0 $0 0 $0 uuu $0 $0 Hints: $0 $0 $0 $0 Any advice on banking and their bank accounts? $0 0 Pension Plans Kate's DB Cole's DC 0 $0 0 RESP University Tuition Total Amount of Planned Monthly Savings (excluding non-reoccuring expenses) Non-reccuring expenses include: Personal Care Gifts Travel & Vacation Car Maintenance $0 Total Monthly $0 sssss $0 $0 $0 $0 0 uuuuu $0 $0 $0 $0 Any advice on banking and credit management? Any advice on prioritizing and automatizing their savings? Should they leave money infrequently used on the checking account? If not where? $0 $0 $0 $0 $0 $0 $0 *The non-reccuring expense amount is NOT included in the total amount of Planned Monthly Savings. This amount is included in lifestyle expense and is simply being set aside for when these expenses occur.