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1 Discretionary versus nondiscretionary A Discretionary expenses are exible and can be prevented or timed B Nondiscretionary or xed expenses can be changed, but must be paid C Various strategies are used to maximize income and minimize expenses: (1) Debt restructuring The process of paying off all outstanding credit cards by consolidating debt into one low personal line of credit (2) Asset reallocation This process involves the change in assets from underperforming assets to more productive investment assets to improve return and income (3) Expenditure control The process of reducing consumption expenditures by emphasizing the savings element (4) Income tax planning Process of bene ting from proper tax planning (5) Incorporating children s assets The process of saving for a child in a custodial account or trust to bene t from the lower tax rate of the child (6) Quali ed plan vehicles The process of utilizing a quali ed plan to bene t from saving programs and deductibility 2 Financing strategies A Consolidating credit card debt and student loan debt B Taking a cash-out re nance A cash-out re nance will give a new rst mortgage by paying off the current rst mortgage and provide additional cash If current mortgage rates are lower than that of the existing rst mortgage, a new rst mortgage will allow the borrower to save on the current debt The combined loan to value of 80 percent is recommended to avoid mortgage insurance Interest is tax deductible, as with all home mortgages C Taking out a home equity loan or a home equity line of credit D Using the cash value of a life insurance policy for a loan Interest rate charges are generally less than for personal or credit card loans E Tapping into a company savings plan F Using after-tax money from a Roth IRA Tap into money that can be taken out without penalty or tax consequences 3 Savings strategies A Goal setting Goals should be realistic and agreed upon by the family B Self-rewarding plan If a family exceeds the savings goal, they should spend the extra savings on themselves C Savings- rst approach Save rst and pay cash to avoid high interest charges on loans and to earn interest by investing the savings D Automatic savings plan Deduct directly from a paycheck and invest the funds in savings This includes dollar cost averaging into mutual funds and contributions to company retirement plans.



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can be combined with local data structures so that regular Java objects can be mapped to the bindings in the string (denoted ) For example, a javalangInteger object with the value of 3 can be combined with the template to dynamically form

A bare ldconfig simply updates the cache file, /etc/ld.so.cache. options controls ldconfig s behavior. The -v option tells ldconfig to be verbose as it updates the cache. The -p option says to print without updating the current list of shared libraries about which ld.so knows.

The results of execution, if any, are contained in a set returned to the caller For example, the query may return the following results:





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1 Adequacy of reserves Three to six months of monthly expenses is typically a reasonable range For one-income families, a six-month level may be more appropriate For two-income families, a three-month level may be adequate 2 Liquidity versus marketability A Marketability The ease with which an asset may be bought or sold B Liquidity The ease with which assets can be converted into cash with little risk of loss of principal

Second, instead of waiting for a competitor to introduce a major change or innovation, an organization can be the initiator of change. Such innovative strategic activities are frequently supported by IT, as shown by FedEx in the opening case and by many startup companies that exploit opportunities by using IT (e.g., see the Amazon.com story, in 5).

We can browse this result set as necessary This gives us the ability to, say, extract the first 10 rows[*] from a table something that is normally nontrivial through SQL itself

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Topic 7: Credit and Debt Management - 13 C Real estate is considered illiquid because it may take a while to sell and the asking price may be lowered However, real estate is marketable because it is relatively easy to sell a house if priced below market value 3 Liquidity substitutes Checking and savings accounts, money market accounts, US Treasury bills, certi cates of deposit (CDs), cash value of a life insurance policy, company savings plan, and home equity loans

By "first 10 rows," I just mean the first 10 rows that happen to be returned I'm not implying that relations have any order In fact, just as is the case with sets, they don't unless a SQL ORDER BY clause is used

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the kinds of solutions and approaches that will be acceptable to the organization and the environment it operates in The resources that are available must be known and the constraints must be understood as well What is the hallmark of a good strategy Are there elements we can consider likely to result in a successful strategy In Section 101 we discussed some of the ways that strategies fail as a result of common psychological tendencies A review of the list may be useful to counteract normal tendencies that may distort plans but there will be other aspects to consider as well 1 Are the objectives realistic and achievable This may be another approach to considering the excessive optimism and overconfidence mentioned in Section 101.

JDBC connection for a given database Database vendors provide their own drivers, and developers use a DriverManager to get a connection to a particular database through an available driver Statement, which contains the SQL statement and bindings to it Although database administrators frequently use the word query for any DDL or DML statement, JDBC and ODBC make a distinction between queries (reading data) and updates (changing data), and consider them both statements PreparedStatement objects allow SQL statements to be compiled before execution CallableStatement objects are used for accessing stored procedures ResultSet, which contains the results of an executed statement, if any A result set is conceptually equivalent to a cursor in stored procedure languages like Oracle's PL/SQL

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