Description
Learn how to deal directly with your own personal finances.Professional consumers deal with an enormous volume of personal, professional, household, and life responsibilities and issues every day. Then add personal finances to that list, things like budgeting, spending plans and tracking expenses, surprise expenses, credit card debt, taxes, retirement, rainy day funds, identity theft, scamming, and more, and it’s no wonder we have very little bandwidth left to take the time to deal directly with our own personal finances. Instead, we shift to our automatic default system. We use our old unanalyzed spending habits and trust that all the virtual tools at our disposal will cover those basic financial obligations. We keep our heads above those financial waters as we carry on with the rest of life. It is no wonder the average American debt is over 90,000 according to a 2021 CNBC report, and the U.S. household debt increased 1.9 from the second quarter of 2021 to a new record of 15.24 trillion in November of 2021, as announced by the Federal Reserve Bank of New York.This course is designed to encourage personal change by providing timetested solid, practical information and tools which can proactively be used and immediately applied to any personal and household situation.
Date: 2022-03-22 Start Time: End Time:
Learning Objectives
Introduction/Three Core Concepts for All Budgets
• What Is Budgeting? Why Is Managing Money so Hard? Why Would We Even Know How to Budget? Isnt My Handy Tracking App a Budget?
• Three Core Concepts
• Monthly Plan (Windshield Approach) • Learn How to Spend With Less Guilt and Save With More Ease
• Tracking Monthly Expenses (Rearview Mirror Approach – Where Was It Spent?)
• Overall Yearly Periodic Picture (Trip Guide of What to Expect • Preparing for Surprise Expenses)
• Factoring in Priorities, Needs and Wants, and Choices
Rainy Day Funds/Variable Incomes
• How to Handle Variable Income (Sales, Agents, Gig Jobs, etc.)
• Different Reasons for Saving Money
• Pay Yourself First • Emergency (Rainy Day) Fund
• Reserve Account • Upcoming Anticipated Expenses
• Dreams and Goals
• KISS Savings Guidelines
Family Affair/Couples and Money
• Early Messages Brought to the Marriage
• Separate or Joint Accounts?
• Love Chats and Communication With the Family
• Include Children and Encourage Their Resourcefulness
Getting a Handle on Credit Cards and Debt
• Should You Have/Keep/Use Credit Cards or Destroy Them All?
• Paying Down/off Debt
• How to Determine Limits on Each Credit Card
Your Credit Scores, Credit Checks, and Identity Theft
• Five Aspects of a Credit Report
• Three Agencies: Transunion, Equifax, and Experian
• Vigilance for Scams and Identity Theft • Freeze Accounts • Set up Alerts
Judy Lawrence, MS.Ed.-Money Tracker
