1. Personal Finance

2. Basic principles of effective personal money management concepts
How to live within one’s income
Income is received from work and is limited
Budget is a tool to plan the spending and saving of income
Reasons and benefits of saving
Uses and costs of credit

3. Income
Your income provides you with money to spend on whatever you choose.

4. What is saving? Putting money away for later use
Can be as simple as putting money in a piggy bank or a savings account in the bank that draws interest

5. Benefits of Saving Provides money for future purchases
Can be used to earn income
Increases a person’s financial security

6. Budget
One way to help live within your income is to use a budget. A budget is a spending and savings plan. You look at your income and then decide how you are going to spend your money.

7. Financial Investment
Investing money refers to putting money aside now in order to receive a greater benefit in the future. Unlike saving which doesn’t involve much risk there is a risk of losing money when investing. If a person makes a bad investment they may actually lose money.

8. Financial Investment You may invest in bank accounts stocks and bonds
real estate
collectibles
businesses

9. Credit
Sometimes you may need to use credit to purchase items. You can borrow money to buy something now and pay for it later. When you pay back the loan you have to pay the original amount you borrowed plus a fee to use someone else's money. This fee is called interest.

10. Some Reasons for Borrowing
Major purchases like a house or an automobile
Emergencies
School loans
Business loans

11. Types of Credit Buying with a credit card
Paying on installment (monthly or weekly payments)
Payday loans

12. Credit Good credit vs. bad credit
Things that give you good credit worthiness
A long time at one job
Paying your bills on time
A good education
Things that make you a bad credit risk
Being unemployed or moving from job to job frequently
Not paying your bills on time
Not having a good education

13. Debt
Spending more than you have and going in debt is risky, but sometimes it can be necessary. Individuals, businesses, and even governments sometime need to borrow money in order to invest in the future.