Financial Fitness

Managing Your Money 101

Managing money is a life skill that everyone must learn. It's a skill that will help you meet financial obligations, avoid serious debt, use credit responsibly, buy a car and a home, create and stick to a household budget, save and invest wisely, and plan for a comfortable retirement and have some fun!

The information below can help you manage your personal finances successfully.

Take a look at www.consumered.com for additional information on purchasing and managing credit.

Powerful Things to Know and Do
  1. Managing Your Money 101: An Introduction to the Basics of Financial Fitness
  2. Sort Out Your Values
  3. Establish Realistic Goals
  4. Determine Your Monthly Net Income
  5. List Your Monthly Expenses
  6. List All of Your Debts
  7. Write Down Your Daily Expenditures for One Month
  8. Look at Your Credit Report
  9. Set Up a Payday-to-Payday Spending Plan
  10. Begin Saving Now
  11. Manage Your Bank Accounts New Window icon*
  12. Budget Calculator New Window icon*
  13. Manage Your Money New Window icon*
  14. Prevent and Detect Identity Theft New Window icon*
  15. Establish Yourself Financially New Window icon*

*These links will connect you to sections of the Mapping Your Future website.