1. What does “getting the most from your money” mean to you?
Grab a scratch sheet (from the front table) and jot down your thoughts on the following question.
What does “getting the most from your money” mean to you?

2. Organizing your Personal Financial Records 3.1
Chapter 3
Organizing your Personal Financial Records 3.1

3. Lesson Objectives
Recognize the relationship between financial documents and money management strategies.
Create a system to maintain your personal financial documents.

4. Money Management
Planning how to get the most from your money

5. Benefits of organizing financial docs
Plan and measure financial progress
Handle routine money matters
Amount available to spend
Decisions on how to save money

6. Where to keep your financial docs
Home Computers
Home Files
Safe-Deposit Boxes

7. Home Files
A place to store financial documents at home such as a file drawer, series of folders, or even a cardboard box.
To make one:
Sort through all your financial files
Group them according to type of document
Label all folders/boxes
Train yourself to file papers soon after receiving them
Keep in one:
Bank statements
Bills
Employment Records
Tax Records
Copies of important docs
Investments
Insurance

8. Home Files Advantages Simple to set up
Disadvantages
Simple to set up
Doesn’t take up much space
Quick access
Not safe against fire, water, or theft

9. Safe-Deposit Boxes
Small, secure storage compartment that you can rent in a bank
To get one:
Go to local bank
Pay $100 a year or less
Keep 1 key, bank keeps other
Keep in one:
Rental agreements
Birth certificates
Adoption papers
Valuable collectibles
Copy of will
Car titles

10. Safe-Deposit Boxes Advantages Fire proof Insured by bank
Disadvantages
Fire proof
Insured by bank
Only accessible during bank hours
Must have two keys to open

11. Home Computers A place to store digital financial documents. Use one:
Running summary of checks written
Track monthly spending
Keep in one:
Current and past budgets
Summary of checks
Banking transactions
Tax records
Resume

12. Home Computers Advantages S Not safe against fire, water, or theft
Disadvantages S
Not safe against fire, water, or theft