1. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 1 Money Management

2. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 2 Three Paths to Financial Freedom 1.Tell the truth about how much money you have and how much you spend (discovery) 2.Commit to spend no more than you have (intention) 3.Apply the suggestions for earning more money, spending less money, or both (action)

3. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 3 Make More Money Focus on your education Work while you’re in school Do your best at every job

4. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 4 Spend Less Money Housing and transportation are places to look for cutting expenses Reduce or limit small but regular purchases Calculate the time and effort a purchase will cost Consider your values before making purchasing decisions

5. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 5 Spend Less Money Do comparison shopping Consider quality: The cheapest product is not always the least expensive in the long run Cook for yourself Consume alcohol consciously

6. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 6 Spend Less Money Plan your wardrobe efficiently Conserve energy Pay in cash whenever possible Do your own repairs when appropriate Postpone purchases Track entertainment expenses Don’t compete with big spenders

7. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 7 Take Charge of Your Credit Use credit cards wisely Beware of credit card offers made to students Avoid cash advances Review your statements for accuracy Pay off the balance each month

8. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 8 Take Charge of Your Credit Consider using only one credit card Get a copy of your credit report every year Manage student loans effectively

9. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 9 Plan for the Future Get in the habit of saving now. Invest responsibly and use time as an ally Shop around for insurance policies

10. Copyright © Houghton Mifflin Company. All rights reserved.Money Management - 10 Dealing with Financial Problems Understand your money management by completing the monitor plan Be honest and work with your creditors Take advantage of reputable credit counseling Change your spending