1. Chapter 3 Money Management Strategy Section 3.1 Organizing Financial Records

2. Money Management  Planning how to get the most from your money  Good Money Management can help you keep track of where your money goes so that you can help make it go farther

3. Benefits of Organizing Your Financial Documents  Bank Statements  Paycheck Stubs  Receipts  Car Titles  Tax Documents

4. Where to keep your financial documents  Files at home  Computer  Safe deposit box

5. Home Files  Filing cabinet  Box  Envelopes  Folders  Do not keep hard to replace items such as a car title or mortgage papers  Why?

6. Safe-Deposit Box  Small storage compartment box that you rent from the bank  Items commonly kept in safe deposit boxes include birth certificates, adoption papers, insurance polices, stocks, valuables  Kept in a locked fire proof room at the bank and it is insured by the bank  http://www.youtube.com/watch?v=qWB6HOP6 Zh8 http://www.youtube.com/watch?v=qWB6HOP6 Zh8 http://www.youtube.com/watch?v=qWB6HOP6 Zh8

7. Organizing your documents can help you:  Plan and measure your financial progress  Handle routine money matters, such as paying bills on time  Determine how much money you will have now and in the future  Make decisions about saving money

8. Home Computers  It is tough to store personal papers like rental agreements or birth certificates in a home computer  But they can be helpful in storing financial records especially with programs designed to organize financial information like Quicken.