unaccounted for cash and its affect on budgeting mentor: craig israelsen, assistant...
TRANSCRIPT
UNACCOUNTED FOR CASH AND ITS AFFECT ON BUDGETING
MENTOR: CRAIG ISRAELSEN,
Assistant Professor-Consumer and Family Economics
University of Missouri-Columbia
STARLA GREEN
ABSTRACT This study attempted to discover the correlation between
monthly income and expenses among students at the University of Missouri.
On average, those surveyed tended to overextend themselves by a larger dollar amount as the frequency of overspending increased. What constitutes this as an important finding is that this practice could lead to problems such as chronic indebtedness or bankruptcy.
BUDGET
a record of anticipated income and planned expenses.
a plan on how to spend or use a resource.
UNACCOUNTED FOR CASH
money that just “disappears” without a trace . merchandise paid for by cashed checks, ATM
withdrawals, and credit card cash advances.
SAMPLE DESCRIPTIVES
Size 119 Age 21.61 Grade 2.98 Gender .68 Status 1.04 Credit Hours 13.61 Hours of Employment 23.69
FORMS OF INCOME
Cash, Credit Cards, Checking/Savings Accounts, Cash off Credit Cards
ANALYSIS OF EXPENSES AND INCOME
$-
$200.00
$400.00
$600.00
$800.00
never 1 -3 months 4 -6 months 7 - 9 months every month
number of months expenses exceed income
dolla
r am
ount
s
Myself
$ Exceed
Net Income
Expenses
ANALYSIS OF EXPENSES
$-$100.00$200.00$300.00$400.00$500.00$600.00$700.00$800.00
never 1 -3 months 4 -6 months 7 - 9months
everymonth
number of months expenses exceed income
dolla
r am
ount
s
$ Exceed
Expenses
ANALYSIS OF EXPENSES AND INCOME
$-
$100.00
$200.00
$300.00
$400.00
$500.00
$600.00
$700.00
$800.00
never 1 -3 months 4 -6 months 7 - 9 months every month
number of months expenses exceed income
dolla
r am
ount
s Net Income
Expenses
Myself
ANALYSIS OF EXPENSES AND INCOME
$-
$100.00
$200.00
$300.00
$400.00
$500.00
$600.00
$700.00
$800.00
never 1 -3 months 4 -6 months 7 - 9 months every month
number of months expenses exceed income
dolla
r am
ount
s Net Income
$ Exceed
Myself
CONTINUED RESEARCHOBJECTIVES Determine the means of how unaccounted cash is
spent credit cards ATM withdrawals cashed checks cash advances off credit cards