Home
Money Manager
Definition
If you’re taking the lead on this card, you are intrepid because managing a family’s budget is no small feat. Planning for the present and preparing for the future is a good start, but there’s so much more to CPEing this card. Short and long-time budgeting. Paying off debt. Retirement planning. College savings and 401(k) investments. And of course there’s also the fun that rolls around every April 15. Day-to-day “Cash & Bills” is a separate card, and these cardholders will collaborate often.
Conception
Is there money that needs to be managed?
Planning
- Researching investments etc. (self)
- Researching broker/investment adviser/online brokerage and all issues related to retirement, college, emergency funds etc.
- Tax planning
Execution
- Managing investment accounts (including 401k/retirement and college funds) with financial adviser/online broker (in or Outsourced)
- Managing family budget (income and expenses)
- Tax receipt and form collecting and filing appropriate forms (self, tax preparation software, or with accountant)
- Depositing checks in bank account
Minimum Standard of Care
Do you have a budget / financial plan? Are you intentional about for planning for the future? Are you on the same page with paying off debt and are taxes filed on time (or an appropriate agreed upon extension)?