Money Made Simple. The Ultimate Guide to Personal Finance
|
|
- Felicity Ruby Atkinson
- 5 years ago
- Views:
Transcription
1 Money Made Simple The Ultimate Guide to Personal Finance
2
3 Table of Contents Section 1 Back to Basics: What is Money? 5 Section 2 Clearing Out the Clutter. 17 Section 3 Where Does All My Money Go? 27 Section 4 Debt Freedom and Credit Basics 39 Section 5 Insurance Basics Section 6 Automobiles 65 Section 7 Homes and Mortgages 78 Section 8 Retirement and Workplace Benefits 90 Section 9 Saving and Investing 103 Section 10 Tax Basics 117 Additional Resources 133
4 About The Money Professors The Money Professors share a passion for the success of students in their personal, financial, and professional lives. In 2009 the three of us began working together at East Carolina University. We were acutely aware of the growing need for financial literacy both on and off the campus. After being sought after by outside organizations, reporters, and individuals for their expert advice, we formed The Money Professors. The Money Professors provide end-to-end resources for professional and financial success. The Money Professors consist of speaking and consulting for higher educational professionals, corporate events, college students and adult learners. We also offer a broad range of solutions for educators, college students, and parents. Len Rhodes is Director of Technology, Information and Operations in the College of Business at East Carolina University and a Teaching Instructor in the Department of Finance. He is passionate about helping students acquire the financial decision-making skills they need to achieve their personal and professional goals. Bill Pratt is the Business and Management Program Director and Assistant Professor of Business at Piedmont Virginia Community College. He left the financial industry to focus on helping students become personally and financially successful. Mark C. Weitzel is the founder and director of the Financial Wellness Institute at East Carolina University s College of Business. Throughout Mark s career he has advocated for increasing the financial capability of his clients and students.
5 Introduction Originally, we set out to write a guide to help ordinary people with everyday finances. We weren t looking to discover the next big thing on Wall Street or predict the future of the gold market. We just wanted to help people, like ourselves, who wanted to learn more about money. We realized there were many personal finance books available, but very few actually give the details that you need to make the right financial decisions for you. We decided the best approach to understanding personal finances was by creating this ultimate guide. This book will equip you with the type of real-life financial knowledge about credit and debt that was not taught in high school or college. What really got us started in the world of personal finance was our distaste for debt. We began studying ways to eliminate and minimize debt from literally hundreds of sources. If you have a lot of consumer debt, then you should be encouraged to know that there really is light at the end of the tunnel. While everyone s circumstances are different, most people (and we mean the overwhelming majority of people) should be able to be free of consumer debt in five (5) to seven (7) years, and be completely out of debt (including a mortgage) in as little as seven (7) to ten (10) years. Too many of us just go through life with lots of debt, thinking that is just the way it has to be. Hopefully, the people we can reach with this workbook will start a new trend towards living a life of financial freedom and independence from credit. 3
6 Introduction We have tried to use easy to understand examples and worksheets. Some of the worksheets are more involved than others, so take your time with them. You are even allowed to use a calculator if you want! Don t try to make any sense of the Factors from the Appendices in the back. They are used to help you calculate what is important without having to do any complex math. With that, good luck with your personal finances. This book should provide a solid foundation for you to begin your journey towards financial independence! Before you begin your journey through this guide, ask yourself the following question: What do I hope to get out of this guide? How will I be better off when I am done? 4
7 Section 2 Clearing Out the Clutter Getting Organized One of the keys to effectively managing your money and your life is organization. The more organized you are, the less chance of forgetting something (such as a payment that is due). Another key to making your financial life easier is by planning. If you don t know where you are going, you can t get there. Planning your finances is much like planning a trip. You have a starting point, a destination, perhaps a few stops along the way, and a map to follow. If you know where you are going and how to get there, all you have to do is sit back and follow your plan. The first step in planning is to know where you are now (your starting point). In the chart below, list your assets (things you own) and your liabilities (what you owe). 17
8 Section 2 Clearing Out the Clutter Assets $$ Liabilities $$ House Mortgage Car(s) Car loan(s) 401(k) Student Loan(s) IRA, other retirement Other Loan(s) Jewelry / Collectibles Credit Card(s) Other Other Total Assets Total Liabilities Net Worth (Total Assets minus Total Liabilities) If you are in your 20 s and have a negative Net Worth, don t feel bad, that s normal. If you are in your 30 s (or older) and have a negative Net Worth, then start working towards increasing your Net Worth by paying off some debt and increasing your savings. Next, list all of your sources of income (if you receive irregular income, such as from a seasonal job, take the total amount you normally receive in a year and divide by 12). Person 1 Person 2 Total Paycheck 1 Paycheck 2 Paycheck 3* Other* Other* Total Monthly Income * (Most households only have 2 paychecks from each person. However, some people have more than one job, or more than one source of income) On the next page is a Bill Payment Chart to keep from missing any payments. 18
9 Money Made Simple: The Ultimate Guide to Personal Finance Bill Payment Chart Date Name $$ Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Total Monthly Payments $ The Bill Payment Chart is designed as a guide to keep you from forgetting to pay any of your bills, and to help you remember to pay them on time! To use the chart, simply fill in the day of the month the bill is due (or you may want to fill in the day that you must send in the payment, such as seven (7) days in advance). Then enter the name of the creditor/service provider. You can also write the amount of the payment (for bills that change monthly, use the average payment amount). Each month, after you pay the bill, place a check mark or an X in the box for that month
10 Section 2 Clearing Out the Clutter If you want to include your savings account, simply write Savings in the Name column and either write a pre-set amount in the $$ column or write in the actual dollar amount in the Month column. You should also add the total amount of payments (from the $$ column) so you know how much of your income is going toward monthly payments. Below is a sample chart: Jan Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Date Name $$ 1 st Rent st Savings th Credit Card th Car Loan 250 Goal Setting Now that you know where you stand (Net Worth, Income, Monthly Payments), you can start planning your future goals. For this exercise you will establish short-term (one year or less) and long-term (more than one year) goals. We will save retirement for another chapter. Divide the total amount needed for your goal by the number of months until you wish to reach the goal. Example: $ 2,100 / 7(months) = $ 300 per month. Total the Monthly Savings Needed columns. Add the short-term and long-term Monthly Savings Needed to get Total Monthly. That is how much you would have to save each month to be on track to reach all of your goals. Of course you 20
11 Money Made Simple: The Ultimate Guide to Personal Finance don t have to save for everything at once. Perhaps you could save for one short-term goal at a time. If you still have debt, you may also want to wait until you are out of debt before focusing on some of your long-term goals, or you may want to delay some short-term goals. In chapter 4 you will learn how to get out of debt quickly. List your short-term goals (One year or less) Examples: Go on a cruise Save for taxes due Purchase a new TV Cost Months Until Goal Monthly Savings Needed (Example) Buy a large screen TV $ 2,100 7 $ 300 Total List your long-term goals (More than one year) Examples: Start a business Purchase a new refrigerator Purchase a new car Establish an emergency Fund Cost Months Until Goal Monthly Savings Needed Total Total short-term goal Total long-term goal Total Monthly
12 Section 2 Clearing Out the Clutter Tracking Your Goals Like most people, you probably keep your money in a savings account. The problem is that we keep one savings account, while saving for multiple items. Below is a chart (plus a sample chart) so you can track your individual goals in a single savings account. Date Account Goal 1 Goal 2 Goal 3 Goal 4 Transaction (Totals) Vacation $1,250 New computer - $1,200 Emergency Fund - $2,500 DVD player $300 Balance Balance Balance Balance Balance 3/8/ /22/ /5/ /9/ called plumber /19/ Record your transaction with a brief description (if you withdraw any money). Remember, you don t have to save for every one of your goals at once. Date Account Goal 1 Goal 2 Goal 3 Goal 4 Transaction Balance Balance Balance Balance Balance 22
13 Money Made Simple: The Ultimate Guide to Personal Finance Organize Your Files Now that you know how to reach your goals, you need to keep your financial and other important papers organized in case you need them for emergencies. Keeping important documents organized can also save you lots of money. For instance, if you can find your warranty information when you need it, you may be able to have an item fixed for free instead of paying the service fee yourself. Also, you can rest easier knowing that in the event of an emergency you don t have to spend time searching. I would recommend having a file for the following categories Bank Savings (one file for each account) Bank Checking (one file for each account) Auto: Maintenance (one file for each vehicle) Auto: Loan (one file for each vehicle) Insurance: Home & Auto Insurance: Life & Disability Medical Insurance (policy and expense receipts) Retirement Account (one file for each account) Other Investments (one file for each account) Pay Stubs (one file for each job/person) Work related (one file for each job/person) Estate & Wills (most current copy) House: Purchases & Maintenance (Additions, improvements, repairs) House: Mortgage (mortgage contract, monthly statements, annual summaries)
14 Section 2 Clearing Out the Clutter Taxes (State, federal, local and property taxes if you itemize your tax deductions) Warranties (keep the receipt with the warranty) Utilities (electric, gas, sewer, water, trash) Phone (main phone-line, additional lines, cell phones) Credit Card(s) (major credit cards, department store cards, gas cards, etc.) Loan(s) (one file for each account student loans, personal loans, etc.) Pet(s) (one file for each pet medical information, etc.) School/Child Care (one file for each child) Trashing the Clutter You should keep all of your papers for at least one year. Tax information should be kept for seven years. Housing documents should be kept until you sell the house. Car maintenance records and the statement that indicates you have paid off the loan on your car should be kept until you sell the car. Keeping Contact On the following page is a Professional Contact List. It is a good idea to keep any necessary emergency information together, somewhere that any family member can find it. You may want to make a couple of copies if you have more contacts and keep their information somewhere you will remember. 24
15 Money Made Simple: The Ultimate Guide to Personal Finance Professional Contact List Insurance Agent: (Type of insurance) Name: Company: Address: Phone: Fax: Insurance Agent: Name: Company: Address: Phone: Fax: Family Doctor Name: Address: Phone: Fax: Pastor/Priest/Rabbi Name: Address: Phone: Fax: Lawyer Name: Address: Phone: Fax: Accountant/CPA Name: Company: Address: Phone: Fax: Other Name: Address: Phone: Fax:
16 Section 2 Clearing Out the Clutter What are some goals that you and/or your family want to achieve? List a goal amount, and date for each of your goals so you know how much and when you want to reach the goals. 26
17 Money Made Simple: A Complete Financial Workbook is designed to equip you with real-life financial knowledge across a broad spectrum of personal finance topics. The workbook uses easy to understand examples and worksheets. Money Made Simple provides you an overview of all of the major topics regarding your own personal financial life. After completing this workbook, you will be more informed when making important financial decisions. Topics include: Planning and Organizing Spending and Cash Flow Debt Freedom and Credit Basics Insurance Basics Automobiles Homes and Mortgages Retirement and Workplace Benefits Saving and Investing And more 1 Download Now at
18 More Books from The Money Professors Turn Your Debt into Dollars $27.00 If you are trying to improve your credit score, struggling to eliminate your debt, or you just want to get there faster then this is your book! Proven concepts from personal finance experts and college professors to easily and quickly improve your credit score, eliminate your debt, and even improve your wealth all with the money you currently have! Learn the 50% solution, the DebtorADE strategy, and more! The Graduate s Guide to Life and Money $16.95 Finally, a book designed for recent college graduates that helps them deal with their unique circumstances and challenges with life and money. It includes everything from getting a job, finding an apartment, getting out of debt to getting married! This is a must-have book for the soon-tobe graduate or for anyone under thirty. 129
19 Extra Credit: The 7 Things Every College Student Needs to Know about Credit, Debt & Ca$h $12.95 The book every college student needs & every parent wants them to have. More than 1,000 students drop out of college every day due to financial pressure and students graduate with thousands of dollar of student loan and credit card debt. It's time to level the playing field by arming students with the information needed to succeed with credit cards, debit cards and student loans. Quantity discounts are available for bulk purchases. orders@themoneyprofessors.com 130
20 The Money Professors University We are excited to announce our online courses in: Debt Elimination Money Management Blogging and Earning Income Business Skills To learn more about our online courses, check out The Money Professors University by clicking here or us at or go to:
21 Coaching By The Money Professors If you are serious about getting your finances in order and you want a specific plan to eliminate your debt, someone to hold you accountable, and personal guidance, then contact us at coaching@themoneyprofessors.com. Personalized debt elimination plan Budgeting guidance Printable charts to make your finances simple Ongoing support and advice Cancel anytime! 132
22 Download Turn Your Debt Into Dollars and: You will have more money to spend every month You will have less stress, which will make you happier and more productive You will have a much more comfortable retirement You will control your money instead of letting it control you Your marriage/relationships will be better since you won't be fighting about money anymore You Will Get: The complete 10-step method to raising your credit score, paying off your debt and improving your life Practical tips to increase your credit score All four DebtorADE strategies explained in detail with examples Illustrations of how your debt will be turned into wealth instead of draining your income Want to know what credit really is and how it is used? Page 15 Want to know the most important aspect of the credit score? Page 21 Want to know why you should have a credit card? Page 27 Want to pay off debt without having to live like you are broke? Page 75 The best approach to paying off debt? Fully explained on Page 53 Why is getting out of debt so important? Page 38 A simple 10-step process to eliminate debt, and build wealth. Starts on Page 47 Turn your current debt payments into millions of dollars by the time you retire! Page 86 Download Now at
BALANCED MONEY WORKBOOK
BALANCED MONEY WORKBOOK 2 Why live in balance? Welcome to the balanced money approach to budgeting! Balance is a concept we hear a lot about eat a balanced diet, keep balance between work and the rest
More informationTop 10 Tips To. Improve Your Credit Score
Top 10 Tips To Improve Your Credit Score This report was excerpted from the Workbook, Turn Your Debt into Dollars Get your copy or visit us at http://www.themoneyprofessors.com/debtorade www.themoneyprofessors.com
More informationPersonal Financial Literacy
Personal Financial Literacy 7 Unit Overview Being financially literate means taking responsibility for learning how to manage your money. In this unit, you will learn about banking services that can help
More informationPROJECT PRO$PER. The Basics of Building Wealth
PROJECT PRO$PER PRESENTS The Basics of Building Wealth Investing and Retirement Participant Guide www.projectprosper.org www.facebook.com/projectprosper Based on Wells Fargo's Hands on Banking The Hands
More informationWorkbook 3. Borrowing Money
Workbook 3 Borrowing Money Copyright 2019 ABC Life Literacy Canada First published in 2011 by ABC Life Literacy Canada All rights reserved. ABC Life Literacy Canada gratefully thanks Founding Sponsor TD
More informationTax and Personal Finance. Brandon Horton
Disclaimer: The information in this document is not legal advice. This document is for educational purposes only and provides a general overview of various tax- and finance-related topics. It is not a
More informationYOU RE. WORTH MORE with. Your Guide to Financial Success
YOU RE WORTH MORE with Your Guide to Financial Success FOR EVERY DAY. FOR EVERY THING. Questions? Visit www.americu.org, stop by your local AmeriCU Financial Center, or call our Member Service Center at
More informationHow to Strategically Manage Your Debt
Debt. Funny how four little letters can feel so dirty. Most of us have it in one shape or another, but none of us like to talk about it. Debt can get us into trouble, especially if it is unplanned and
More informationSession Overview. Budgeting Skills Training - Instructor Notes. Thank you for teaching the Budgeting Skills Training Class :D
Session Overview Budgeting Skills Training - Instructor Notes Thank you for teaching the Budgeting Skills Training Class :D The instructor notes contain suggestions for you on how to teach this class.
More informationLesson Module 1: The Fundamentals of Net Worth
Lesson Module 1: The Fundamentals of Net Worth Module 1 Overview The entire game of football is based on a few basic skills: blocking, tackling, passing and running. To be a successful football player,
More informationYOU ARE NOT ALONE Hello, my name is <name> and I m <title>.
So I know why you re here: I bet you ve got some questions about your money: what to do with it, how to make the most of it and how to hopefully get more of it. You ve got questions and the good news is
More informationUnit 4 More Banking: Checks, Savings and ATMs
Unit 4 More Banking: Checks, Savings and ATMs Banking: Vocabulary Review Directions: Draw a line to match the word with its meaning. 1. bank 2. credit 3. ATM 4. minimum 5. maximum 6. teller 7. balance
More informationBuilding Your Future. with the Kohl s 401(k) Savings Plan. Kohl s supports planning for your financial future with increased confidence.
Building Your Future with the Kohl s 401(k) Savings Plan Kohl s supports planning for your financial future with increased confidence. FINANCIAL Me? Save for Retirement? YES. THE MOST IMPORTANT REASON
More informationWHAT HAPPENS IF I DON T PAY
LESSON 7 WHAT HAPPENS IF I DON T PAY THE LESSON IN A NUTSHELL Not paying your bills has consequences. Even when you re late, pay as soon as you can. Overview...2 Activity #1: You ve Been Pre-Approved!...
More informationYOUR MONEY, YOUR GOALS. A financial empowerment toolkit
YOUR MONEY, YOUR GOALS A financial empowerment toolkit Consumer Financial Protection Bureau December 2016 About the Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB)
More informationMoney Issues That Concern Married Couples
M Financial Planning Services Theodore Massaro, CLU, A.E.P., Chartered Financial Consultant 57 So. Maple Ave Marlton, NJ 08053 856-810-7701 theodore.massaro@lpl.com www.mfinancialplanningservices.com Money
More informationWell Being, Well Done
Well Being, Well Done A Project of the Sudden Money Institute Well Being: A profound state of being found at the intersection of Life and Money. You can have it before you have accumulated large amounts
More informationSUZEORMAN.COM. Exercise: My Monthly Expenses. Instructions:
Exercise: My Monthly Expenses Instructions: 1. Go through your records and receipts for the last complete calendar year. This includes all checks, all credit-card charges, and all ATM withdrawals and cash
More informationWealth in Real Estate
Building Wealth Through Real Estate Wealth in Real Estate Why build wealth this way? The simple answer is that it is the most powerful way to accumulate wealth, and more people have become millionaires
More informationRetirement Planning & Savings
For many people, retirement is one of the rewards for a long and successful career or a lifetime of hard work. Retirees do many things with their time: volunteer, work on hobbies or other interests that
More informationChapter 5: Finance. Section 5.1: Basic Budgeting. Chapter 5: Finance
Chapter 5: Finance Most adults have to deal with the financial topics in this chapter regardless of their job or income. Understanding these topics helps us to make wise decisions in our private lives
More informationWant more background and training tips?
Learner Outcomes Outcome #1: Participants will be able to explain what credit is. Outcome #2: Participants will be able to explain why using a credit card is a form of borrowing. Outcome #3: Participants
More informationyourmoney a guide to managing your credit and debt Volume 6 Life After Debt
yourmoney a guide to managing your credit and debt Volume 6 Life After Debt Call InCharge Debt Solutions today at 1-877-544-9126 or contact us at www.incharge.org Life After Debt You can do it. A life
More informationFirst Timer s Guide: Credit Cards. Used the right way, your credit card can be your new financial BFF.
First Timer s Guide: Credit Cards Used the right way, your credit card can be your new financial BFF. Like most things, with great power comes great responsibility. And credit cards are no different. Used
More informationSAVING TO ACHIEVE YOUR GOALS
SAVING TO ACHIEVE YOUR GOALS Saving to Achieve Your Goals Table of Contents Saving Points to Ponder 1 Set Goals to Guide You 2 Budgeting Basics and Assumptions 4 Saving Begins with Budgeting 5 Annual Budget
More informationManaging Your Money NET WORTH CASH FLOW CREATING A BUDGET
MONEY What You Should Know About... Managing Your Money NET WORTH CASH FLOW CREATING A BUDGET YourMoneyCounts You probably realize that managing your money is a good idea, but you might also figure if
More informationIf you're like most Americans, owning your own home is a major
How the Fannie Mae Foundation can help. If you're like most Americans, owning your own home is a major part of the American dream. The Fannie Mae Foundation wants to help you understand the steps you have
More informationYour 401(k) Earns You Free Money!
401(k) Guide Your 401(k) Earns You Free Money! SURPRISED? WHEN YOU PARTICIPATE IN THE LARRY H. MILLER ASSOCIATES RETIREMENT PLAN, YOU CAN RECEIVE MATCHING COMPANY DOLLARS TO GROW YOUR 401(k). THIS IS A
More informationMoney Management Makes Cents 1
FCS5243 Money Management Makes Cents 1 Josephine Turner 2 Money Management Makes Cents A penny saved is a penny earned. You can t take it with you. Money makes the man. Money is to be spent joyfully, but
More informationWhat to do if you re Drowning in Debt
What to do if you re Drowning in Debt A Beginner s Guide to Debt and Debt Relief Brought to you by: Copyright creditworld 2012 1 INTRODUCTION Are you drowning in debt? Do you feel like no matter what you
More informationLEARNING TASKS These tasks match pages in Student Guide 1.
STUDENT LEARNING PLAN Lesson 1-4: Spending Plan OVERVIEW You've analyzed what you've been spending money on and set some SMART goals to strive for. Now, the rubber meets the road and it's time to start
More informationHow To Win With Money
By: Joseph Sangl We re passionate about helping YOU win with your money. In this series, we are going to be talking about a practical, step-by-step plan that you can use to take your finances to the stratosphere!
More informationBUDGETING SESSION OBJECTIVES SUBJECT INDEX
BUDGETING SESSION OBJECTIVES 8 Budgeting is the foundation of personal financial planning. Budgeting allows us to manage our money by tracking our income and expenses. Since every person is different,
More informationSteps to Financial Freedom Achieving lifelong financial
Steps to Financial Freedom Achieving lifelong financial success can sometimes seem like an overwhelming task. However, when developed step by step, you can gain long-term control of your finances. Setting
More informationSaving and Investing: Getting Started
Saving and Investing: Getting Started Standard 5 The student will analyze the costs and benefits of saving and investing. Lesson Objectives Describe the reasons people save and invest. Evaluate the costs
More informationbuying food today? Quick Summary Jump To Article managing your credit card transactions to build rebate dollars by Krayton M Davis
Quick Summary buying food today? Jump To Article managing your credit card transactions to build rebate dollars by Krayton M Davis copyright PlansForMe.com, WebReader.com Introduction This file contains
More informationwith the support of Everyday Banking An easy read guide March 2018
with the support of Everyday Banking An easy read guide March 2018 Who is this guide for? This guide has been designed to help anyone who might need more information about everyday banking. We will cover
More informationStudent Guide: RWC Simulation Lab. Free Market Educational Services: RWC Curriculum
Free Market Educational Services: RWC Curriculum Student Guide: RWC Simulation Lab Table of Contents Getting Started... 4 Preferred Browsers... 4 Register for an Account:... 4 Course Key:... 4 The Student
More informationPreparing Your Projections
Preparing Your Projections HELP GUIDE 2315 Whitney Ave. Suite 2B, Hamden, CT 06518 tel. (203)-776-6172 fax (203)-776-6837 www.ciclending.com CIC - 1006 PREPARING YOUR PROJECTIONS FOR A START-UP BUSINESS
More informationYour Retirement Lifestyle WORKBOOK
Your Retirement Lifestyle WORKBOOK Purpose of This Workbook and Helpful Checklist This workbook is designed to help you collect and organize the information needed to develop your Retirement Plan which
More information1LIFE MASTERY FINANCIAL PLAN. This is the foundation of what we teach and we are excited you are here!
1LIFE MASTERY FINANCIAL PLAN Welcome to 1Life Mastery Financial Planning! This is the foundation of what we teach and we are excited you are here! We believe every successful aspect of your life requires
More informationTaking Control of Your Finances A Plan to Reduce Debt and Build Savings
Taking Control of Your Finances A Plan to Reduce Debt and Build Savings To discuss your personal financial needs, please contact: myteam@happinessdividend.com @HappinessDiv https://www.facebook.com/happinessdividend
More informationc» BALANCE C:» Financially Empowering You Financial First Aid Podcast [Music plays] Nikki:
Financial First Aid Podcast [Music plays] Nikki: You re listening to Financial first aid. Hi. I m Nicky, your host for today s podcast. Many circumstances in life can derail even the best plans and leave
More informationVOLUNTEER TRAINING INFORMATION
VOLUNTEER TRAINING INFORMATION VOLUNTEER TRAINING Volunteers generally feel more comfortable in staffing a table if they have been provided with advance information about the concept and have time to read
More informationGENERAL FINANCING QUESTIONS
GENERAL FINANCING QUESTIONS 1. What is a Mortgage? Tips for Homebuyers Generally speaking, a mortgage is a loan obtained to purchase real estate. The "mortgage" itself is a lien (a legal claim) on the
More informationSTOP RENTING AND OWN A HOME FOR LESS THAN YOU ARE PAYING IN RENT WITH VERY LITTLE MONEY DOWN
STOP RENTING AND OWN A HOME FOR LESS THAN YOU ARE PAYING IN RENT WITH VERY LITTLE MONEY DOWN 1. This free report will show you the tax benefits of owning your own home as well as: 2. How to get pre-approved
More informationMANAGING YOUR BUSINESS S CASH FLOW. Managing Your Business s Cash Flow. David Oetken, MBA CPM
MANAGING YOUR BUSINESS S CASH FLOW Managing Your Business s Cash Flow David Oetken, MBA CPM 1 2 Being a successful entrepreneur takes a unique mix of skills and practices. You need to generate exciting
More informationUnilever UK Pension Fund At Retirement Booklet
Unilever UK Pension Fund At Retirement Booklet Please complete your details in this table Your name Your date of birth Your retirement date Your State Pension Age * * If you don t know your state pension
More informationfor Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook
for Newcomers and New Canadians Module 2 How to Build Credit In Canada Student Workbook Welcome! This workshop is about credit. Credit is buying something now, but paying for it later. Credit can be useful
More informationKeeping Score: Why Credit Matters
Keeping Score: Why Credit Matters LESSON 6: TEACHERS GUIDE In the middle of a championship football game, keeping score is the norm. But when it comes to life, many young adults don t realize how important
More informationMillion Dollar Blue Collar
International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers Million Dollar Blue Collar Student Workbook Million Dollar Blue Collar Student Workbook Developed by Ironworker
More informationDeciding which car and car loan you can afford
car loan you can afford In this simulation activity, students calculate monthly installment loan payments and total costs for three different cars to apply a common strategy for purchasing big-ticket items.
More informationWhat is credit and why does it matter to me?
Understanding Credit 1 Money Matters The BIG Idea What is credit and why does it matter to me? AGENDA Approx. 45 minutes I. Warm Up: What Do You Know About Credit? (10 minutes) II. Credit: The Good, The
More informationFAMILY CASH FLOW RECORD
FAMILY CASH FLOW RECORD TOOLS FOR YOUR FAMILY'S FINANCIAL MANAGEMENT PRESENTED BY ROBERT E. TUCKER, PRESIDENT PROFESSIONAL FINANCIAL SERVICES, INC. 10913 Lawyers Road, Reston, Virginia 20191 Phone (703)
More informationFREE MONEY ROADMAP. Money Goals Worksheet & Personal Finance Glossary. Copyright 2018 Double Jacks Media, All Rights Reserved
FREE MONEY ROADMAP Money Goals Worksheet & Personal Finance Glossary A Little About Liz: I'll have the wine! Hey there! That's me, Liz. And I created this workbook to help you get started understanding
More informationYour Spending and Saving Plan
MODULE 4: Your Spending and Saving Plan MONEY SMART for Adults SEPTEMBER 2018 The Federal Deposit Insurance Corporation is an independent agency created by the Congress to maintain stability and public
More informationMoney Management Curriculum
Module 2: Loans and Credit Cards Money Management Curriculum Module 2: Loans and Credit Cards Project Team: Ruby Ward, Professor, Utah State University Trent Teegerstrom, Associate Director of Tribal Extension,
More informationFirst Time Home Buyer Guide. Are you ready to learn the steps to homeownership?
First Time Home Buyer Guide Are you ready to learn the steps to homeownership? Is this your first time going through the home buying process? If so, don t worry, this guide is designed to answer any questions
More informationA Six-step Guide to Getting Your Retirement Finances in Order
ge Brought to you by be.group A Six-step Guide to Getting Your Retirement Finances in Order After years of working and raising a family, it s time to prepare for the next chapter. By Allecia Vermillion
More informationThe Secret of the Lion
The Secret of the Lion Pay yourself first, live off the rest THE SECRET OF THE LION The lion eats first, ahead of the pack. You too should eat first by arranging an automatic deduction from your salary
More informationModule 3 - Budgeting ACTIVITY SHEET 3-1. Write down any other ideas the group came up with, especially ideas that fit your situation.
ParticipantHandbook ACTIVITY SHEET 3-1 The B word budget 1 Write down any other ideas the group came up with, especially ideas that fit your situation. What is a budget? Why budget? A way to keep track
More informationOVERCOMING THE CREDIT BARRIER. Clearing the Way to Your Financial Goals
OVERCOMING THE CREDIT BARRIER Clearing the Way to Your Financial Goals Overcoming the Credit Barrier: Clearing the Way to Your Financial Goals was written and designed for The National Foundation for Credit
More informationWhat You Can Do to Improve Your Credit, Now
What You Can Do to Improve Your Credit, Now Provided compliments of: 1 What You Can Do to Improve Your Credit, Now Steps to Raise Your Score Now we re going to focus on certain steps that you can take,
More informationYour money goals. Choosing a goal
Choosing a goal 01 Your money goals Next, think about a money goal that you most want to pursue towards that dream. Write down some ideas on how you could start working towards them. My money goal is:
More information2) Careful budgeting lets you spend more to achieve your short-term financial goals. Answer: FALSE Diff: 2 Question Status: Previous edition
Personal Finance, 6e (Madura) Chapter 21 Integrating the Components of a Financial Plan 21.1 Review of Components Within a Financial Plan 1) Budgeting allows you to forecast how much money you will have
More informationDEBT REPAYMENT OPTIONS OPTIONS FOR THE REPAYMENT OF YOUR UNSECURED DEBT
DEBT REPAYMENT OPTIONS OPTIONS FOR THE REPAYMENT OF YOUR UNSECURED DEBT EDUCATIONAL SERIES / MARCH 2012 1 DEBT REPAYMENT OPTIONS OPTIONS FOR THE REPAYMENT OF YOUR UNSECURED DEBT Published by Debt Management
More informationBanking Basics. Banks and Credit Unions. Warm-Up Activity. Why should you put your money in a bank?
Account Management Account Management You will be introduced to the banking process. You will learn how to locate a bank or credit union with which you want to do business, what accounts you should have
More informationSEVEN CRITICAL MISTAKES IN PROPERTY INVESTMENT
SEVEN CRITICAL MISTAKES IN PROPERTY INVESTMENT Introduction Seven critical property investment mistakes There are some incredible property investment opportunities in 2014; with key growth areas positioned
More informationP.Y.F. Participant s Guide
P.Y.F. Participant s Guide 1 Table of Contents Welcome Pre-Test Pay Yourself First Saving for Purchases Emergency Savings Retirement Savings Daily Decisions Matter Savings Tips How Your Money Grows (Simple
More informationSCARE YOU? DOES YOUR FINANCIAL SITUATION
DOES YOUR FINANCIAL SITUATION SCARE YOU? Consolidated Credit 5701 West Sunrise Boulevard Fort Lauderdale, FL 33313 1-800-210-3481 www.consolidatedcredit.org Congratulations on taking this important step
More informationSpecial Report. Retirement Confidence in America: Getting Ready for Tomorrow EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE. and Issue Brief no.
December 1994 Jan. Feb. Mar. Retirement Confidence in America: Getting Ready for Tomorrow Apr. May Jun. Jul. Aug. EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE Special Report and Issue Brief no. 156 Most Americans
More informationBeware of skip-a-month payment offers. Remember, you still pay interest on your outstanding debt, and your total interest costs continue to rise.
Managing Debt: Are You In Over Your Head Last week we began the conversation on credit and using it wisely. Maybe you do not have lots of debt issues or are spending within a comfortable range. Knowing
More informationLesson 8 Borrowing Money
AOBF Financial Planning Lesson 8 Borrowing Money Student Resources Resource Description Student Resource 8.1 Reading: Why Borrow? Student Resource 8.2 Worksheet: Borrowing and Lending Terms Student Resource
More informationI can skip the starter home Truth = skipping the starter home can seriously impact your finances over a long period of time.
Money and Life (the inseparable pair) Money is intertwined with life and how we manage it changes through the course of Life. This defines the financial seasons that occur through Life. We defined this
More informationbudget fixed expense flexible expense
How do I make my income cover my expenses? Chapter 24 Key Terms budget fixed expense flexible expense Chapter Objectives After studying this chapter, you will be able to identify sources of income. list
More informationFinancial Literacy. Budgeting
Financial Literacy Budgeting ACTIVITY SHEET 3-1 The B word budget 1 What do you think about when you hear the word budget? What words or feelings come to mind? Write down any other ideas the group came
More informationA budget is a spending plan. An estimation of income and expenses over time. A budget is simply spending your money with purpose.
Debt Free Seminar Agenda: Define Budget Why do we need to budget our finances? How to create a budget? How to pay off debt? How to identify Needs and Wants? What s Next? BUDGET WHAT IS IT? A budget is
More informationA Summary Report. Mr. & Mrs. Client June 1, Prepared by: Mary T. Tacka, CRPC
A Summary Report Mr. & Mrs. Client Prepared by: Mary T. Tacka, CRPC 8062 High Castle Road, Suite 202 Ellicott City, MD 21043 Securities & Investment Advisory Services offered thru H. Beck, Inc. Registered
More informationMODULE 1 // SAVING HALL OF FAME: AGES 18+
MODULE 1 // SAVING HALL OF FAME: AGES 18+ MODULE 1 // FINANCIAL FOOTBALL PROGRAM Financial Football is an interactive game designed to acquaint students with the personal financial management issues they
More informationSAMPLE. Chapter 1 DAVE RAMSEY
Chapter 1 DAVE RAMSEY Case Study Savings Rob and Carol were married recently and both have good jobs coming out of college. Rob was hired by The Lather Group as an assistant designer making a starting
More informationUnit 8 - Math Review. Section 8: Real Estate Math Review. Reading Assignments (please note which version of the text you are using)
Unit 8 - Math Review Unit Outline Using a Simple Calculator Math Refresher Fractions, Decimals, and Percentages Percentage Problems Commission Problems Loan Problems Straight-Line Appreciation/Depreciation
More informationPersonal Financial Literacy
Personal Financial Literacy 7 Unit Overview Being financially literate means taking responsibility for learning how to calculate income taxes on wages and how to create a budget to plan your spending and
More informationReading Essentials and Study Guide
Lesson 3 Banking Today ESSENTIAL QUESTION How has technology affected the way we use money today? Reading HELPDESK Academic Vocabulary products things that are sold Content Vocabulary credit union nonprofit
More informationGetting Started in Real Estate Investing for Retirement and Passive Income. All rights reserved. No part of this ebook may be reproduced, stored in a
Disclaimer Author s Name 2016 All rights reserved. No part of this ebook may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying,
More informationLinear Functions I. Sample file. Activity Collection. Featuring the following real-world contexts: by Frank C.
Linear Functions I by Frank C. Wilson Activity Collection Featuring the following real-world contexts: Choosing a Cell Phone Plan - T-Mobile Choosing a Cell Phone Plan - Verizon College Graduates Michigan
More informationManaging Your Money: Where Does All the Money Go?
Managing Your Money: Where Does All the Money Go? Circular 592 Revised by Fahzy Abdul-Rahman 1 Cooperative Extension Service College of Agricultural, Consumer and Environmental Sciences INTRODUCTION Do
More informationFREE SET YOUR FIRST SUCCESSFUL BUDGET WORKBOOK
FREE SET YOUR FIRST SUCCESSFUL BUDGET WORKBOOK A Little About Liz: I'll have the wine! Hey there! That's me, Liz. And I created this workbook to help you get started with budgeting. I know first hand what
More informationHow to Get $35,000 (By Improving Your Credit Score)
1 How to Get $35,000 (By Improving Your Credit Score) EMAIL I JUST GOT Hi! I have been following you for years. I been here before the Basic Box and the Super 6 programs. Let me tell you that it has been
More informationHow to Optimize Your Finances After a Banner Year
How to Optimize Your Finances After a Banner Year By Paul K. Loyacono Jr., WealthPoint Investment Management 2 Are you in a field in which your income fluctuates from year to year? Business owners, sales
More informationMaking the Most of Your Money
Making the Most of Your Money A Handbook for Young Adults Table of Contents Let s start from the beginning:.....................1 Creating a budget:.............................. 2 Budget Worksheet:.............................
More informationPrincipal Funds. Women and Wealth. Invest in yourself. You deserve it. A step-by-step guide to help you achieve your financial goals.
Principal Funds Women and Wealth Invest in yourself. You deserve it. A step-by-step guide to help you achieve your financial goals. Take Time for You As a woman, you probably have a lot of responsibilities.
More informationMcCombs Knowledge To Go. January 12, 2015
McCombs Knowledge To Go January 12, 2015 Financial Overview for Young Alumni: Achieve Your Goals by Kelly Kamm, Ph.D. Finance Senior Lecturer, Department of Finance, McCombs My Background & Choices Ph.D.
More informationLesson Description. Texas Essential Knowledge and Skills (Target standards) Texas Essential Knowledge and Skills (Prerequisite standards)
Lesson Description Students will analyze families finances to identify assets and liabilities. They will use this information to calculate the families net worth and learn the benefits of having a positive
More informationABOUT FREEDOM CLUB ABOUT DR. TONY
1 ABOUT FREEDOM CLUB The Freedom Club is a mentoring and coaching program designed to guide you along the path to Financial Freedom. The Freedom Club is also a place where like-minded people can associate
More informationMoney Management & Budgeting Skills Workshop
Money Management & Budgeting Skills Workshop Making Money Work for You Financial Education Supported by: Concept Checklist What will I learn today? [ ] Goals [ ] Needs vs.wants [ ] Budgeting Basics [ ]
More informationNotes. The American Center for Credit Education. Promotional Copy. CheckWise by the American Center for Credit Education
The American Center for Credit Education CheckWise by the American Center for Credit Education 2007 by Rushmore Consumer Credit Resource Center (RCCRC) Published by the American Center for Credit Education
More informationRESPs and Other Ways to Save
for Indigenous Peoples Workbook 4 RESPs and Other Ways to Save Copyright 2017 ABC Life Literacy Canada First published in 2016 by ABC Life Literacy Canada All rights reserved. ABC Life Literacy Canada
More informationIII MoneyWise Workshop Financial Freedom: Living Beneath Your Means
Personal Finance Essentials: 8 Financial Priorities III MoneyWise Workshop Financial Freedom: Living Beneath Your Means Module 2 Discussion Topics 1. Perspectives: Behavior versus money 2. Income: Maximize
More informationnet worth, the ultimate financial metric
net worth, the ultimate financial metric PERSONAL FINANCE One of the most common misconceptions in personal finance is that net worth is a metric intended to measure wealth. While that is a true statement,
More information2. To earn as much interest as possible, you should open a savings account that earns () interest Hide answers
1. Interest is? Hide answers A charge for lending money to a bank amount owed for borrowing money amount added into your savings when opening a n account a charge for accessing the money in your savings
More information