1. by
Reginald Campbell

2. WHAT IS
MONEY?

3. DEFINITION OF MONEY
Money is any article or substance used as a medium of exchange, measure of wealth, or means of payment

4. PURPOSE OF MONEY
PAY DOWN
PAY OFF
PAY FORWARD
SAVE
INVEST

5. UNDERSTANDING OF
MONEY

6. HOW TO SOW YOUR MONEY

8. Financial Liabilities

9. HOW TO USE YOUR MONEY Identify your priorities vs wants
Plan all of your major purchases
Research your potential purchases
for price, quality, and content

10. WHAT YOU SHOULD DO IN 20’s Obtain a college degree
Begin working in your degreed field
Begin contributing to a retirement fund (401k, IRA)
Start a savings account
Limit the amount of credit cards

11. WHAT YOU SHOULD DO IN 30’s
Contributing more to 401k and other retirement plans
Auto draft paychecks for retirement
Save the max
Don’t worry about market volatility
Avoid taking on too much debt during your 30’s so you will have enough cash to save for retirement

12. WHAT YOU SHOULD DO IN 40’s
Turbocharge your retirement saving during these years
See a financial planner who can act as a sounding board and help keep you on track
Coordinate with your spouse to save more
Put any raises and bonuses toward your retirement savings
Figure out how much you’ll need to maintain your lifestyle in retirement

13. WHAT YOU SHOULD DO IN 50’s
Try to save as much as you can for the years you won’t be able to save enough
Start thinking about when you will start drawing social security
Reduce your expenses (downsize to save money)
Get in the habit of living on a fixed income and saving the extra money
The will help you get ready for managing your spending in retirement

14. Household Finances
by Reginald Campbell