Money Management Different Aspects of Money Management Budgeting Banking & Savings Retirement Planning Investing Paying Taxes Managing Debt Estate Planning

How do I manage my personal finances Money Management How do I manage my personal finances Track Monthly Spending Develop Household Budgets Be sure to Budget for Savings Pay Monthly Bills on Time. Avoid Late Fees Review Credit Reports Take Advantage of Free Money Assess you Insurance Policy

Budgeting Tips for staying on Budget Always start out with a list of all your expenses Write it down Keep track of all of your expenses Smartphone Apps Only spend dollars you can see Be leery of credit cards Move money over to higher/lower interest rates Savings/Checking/Credit Cards – better perks Sign up for free Reward Programs Groceries/Restaurants/Dept. Stores

Banking Checking and Savings Account Checking Account – Direct Deposit Free Checking On-Line Banking Low Bank Fees Overdraft Protection Debit Cards ATM Cards Savings Account – Direct Deposit Interest Bearing CD’s Rainy Day Fund – 6 Month Salary

Place Value on Money Retirement Planning 401K IRA’s ( Roth/Conventional) Social Security Stocks/Bonds Insurance Try and save 7% of your earnings until you can work your way up to 15% a year

Be Thankful Always Remember… Be Thankful For Your Good Fortune Charities Give Back to your Community Volunteer