OK NOW WE RE SERIOUS. 5 ACTION ITEMS TO PREPARE YOU TO INVEST. TheMSBCheatSheet.com
|
|
- Annabelle Foster
- 8 years ago
- Views:
Transcription
1 OK NOW WE RE SERIOUS. 5 ACTION ITEMS TO PREPARE YOU TO INVEST TheMSBCheatSheet.com
2 The purpose of these five action items is to help you understand where you re spending money. This is not some lame how to set a budget checklist. We believe if you understand where your money is going, you can create your own budget if you want. You know the main MSB Cheat Sheeter (Kathryn) quit her job in finance. She walked away from a lot of dough. The first thing she did before quitting was she made a list of her biggest expenses and decided what had to stay (highlights for hair and beer duh) and what could go. That s what we re focusing on here with you: knowing where you re spending your money so you can decide what should stay and what can go so you can ideally free up a little money to start investing. Even if it s just $100 bucks a month. Getting a strategy is the most imporant part of all of this. Your goal is to save 15% - 20% of your after tax monthly income. This 15% - 20% in monthly after tax income includes money in your retirement savings account and your non-retirement investing savings account. We talked about those in Simple Concepts You Need To Know About Saving And Investing. Ok let s do this! TheMSBCheatSheet.com 2
3 Figure out where you re spending your money. Create two columns on a piece of paper or spreadsheet. Label one column fixed monthly expenses and label one column variable monthly expenses. Put every dime that came out of your pocket or bank account in the last month in one of those columns. Fixed would be your rent or mortgage payment, health insurance, car insurance, phone bill, gas bill etc. Variable would be money you paid to go see a concert. This is not meant to make you feel bad, it is so you can understand where your money is going. Do you know how much you re saving vs. spending each month? Saving includes money in your retirement account or money that you re not spending. The only way to figure out how to divide up your money you have to invest (across stock and bond funds) is to know how much money you have to invest! This is not a budget. This is knowing where your money is going each month. This is going to take a little time. But knowing your fixed and variable costs each month will be very helpful in figuring out: if you re saving enough and how to increase your savings. Figure out how much you re spending each month. Total everything in each column. Then add the two columns together. Now you know how much you re spending each month on your must haves (fixed costs) and room to negotiate (variable costs). This is key for action item #5. You might have $3,500 in your fixed column and you might have $2,000 in your variable column. So your total monthly fixed and variable expenses would be $5,500 in expenses each month. TheMSBCheatSheet.com 3
4 Figure out how much you re making each month after taxes, but before any retirement contributions (for example, money you re contributing to a company 401k). If you get a paycheck, go find the most recent pay stub that came with it. That s the thing you usually throw in the garbage. Look at your gross pay. That is the amount you make each paycheck before you pay taxes or other. Let s say that s $4,000. You will see a line that says checking if you have your paycheck automatically deposited to your checking account each month. Let s say that amount says $3,000. The $3,000 is your after tax and other take home pay. You re doing this for two reasons: we want to know how much your take home pay is each month. If we know that, we can revisit how much money you re spending each month (in action item #2) relative to how much money you are bringing home. What we want to know, is, are are you spending more or less than you make (getting in debt)? Are you spending less than you make and you can use that money to invest? Or, are you spending exactly what you re bringing home and so maybe you can tweak a few of our variable costs to free up some money to start saving (i.e. investing)? Ok, that was more like five reasons. The other main reason is because if you are saving money in a 401k, this should be noted. Our ultimate goal is to save 15% - 20% of our after tax income each month and money you are saving in your 401k counts! If you re paid 2x per month, your take home pay every month is $6,000. This is after you pay taxes. Now, if you contribute to a 401k that is offered by your employer, there is a line on your pay stub that says 401k with a dollar amount next to it. Your take home pay deduced that amount as well you will notice. Take note of the amount going to your 401k. So if your take home pay on each paycheck is $3,000 and you see a line item that says 401k with *$200 next to it, put that $200 in your fixed cost column above and re-total your fixed cost column to reflect that. Compare our monthly take home pay to total fixed and variable monthly costs. Using the numbers above and not adding back in the monthly amount to fixed costs that you are saving in your 401k: you are spending $5,500 each month and bringing home $6,000 each month. This leaves you with $500 each month you can save and invest. Now you know four things: 1) how much you spend on must-have items each month (fixed costs). 2) how much you spend on variable things. 3) how much money you bring home in your pocket each month. 4) how much you re over/under spending each month relative to what you re bringing home. Most of us spend very close to what we bring home in income each month with little left over, if any. The next action item shows you how to increase the little that s left over so you can save (invest) it. TheMSBCheatSheet.com 4
5 Review what you are spending on fixed and variable costs each month. Are there items that can adjusted down to free up some money to save and invest? Look at all your items in your fixed column. Are there any items here that you could change to reduce your monthly costs? We often throw money at things every month that we don t really care about. This is not meant to get you to cut out things you enjoy and make your life miserable. It is meant to make you aware of things you re spending money on that you care less about and could push to an investing savings account. This is typically hard to do which is why it s better to focus on the variable expenses column. Don t nickel and dime yourself on lattes. Think big wins. Look for big things you re spending money on every month that are taking a bite out of your money that you might be willing to cut back on. Conclusion: What just happened? You have done the above five action items. You now know: 1) your fixed costs each month 2) your variable costs each month for you to scrutinize and 3) how much money is getting deducted from your paycheck each time for your 401k. Congratulations you know now where your money is going each month. You re ahead of 99% of the population already. This puts you in a great situation to make tweaks to your spending habits if necessary and redirect money to your savings that you can invest and grow. * Ideally you re saving 15% - 20% of your after tax monthly income. How do we figure out what % you are already saving in your 401k? Using the numbers above, if $400 is getting directed to your 401k each month (say you re paid 2x per month and $200 is coming out of each paycheck), and your monthly take home pay is $6,000, you would add back in the $400 to see what your take-home pay is before your retirement money is deduced from your paycheck. This amount is after tax but before you deduct money to your 401k. So in this case, your after tax but before 401k take home would be $6,400 per month. If you are saving $400 each month in your 401k and your total after tax take home pay is $6400, 400/$6400 = 6%. Remember our goal is to save 15% - 20% after tax each month. So we need to try save 2x that each month at a minimum. 2 Head back over to TheMSBCheatSheet.com TheMSBCheatSheet.com 5
Budgeting: Making the Most of Your Money
? Did You Know? Almost 60% of millionaires use a budget to manage their money. The Millionaire Next Door: The Surprising Secrets of America s Wealthy. In this unit, you will: Examine your spending habits
More informationBALANCED 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 information3Budgeting: Keeping Track of Your Money
This sample chapter is for review purposes only. Copyright The Goodheart-Willcox Co., Inc. All rights reserved. 3Budgeting: Keeping Track of Your Money Chapter 3 Budgeting: Keeping Track of Your Money
More informationSTEP 1: DOCUMENT COLLECTION
STEP 1: DOCUMENT COLLECTION Because your filing will require many details and documents and because the court is both picky and strict about information, documents are needed from you. Income Tax Returns
More informationMaking and Living Within a Budget
NORTH DAKOTA PERSONAL FINANCE EDUCATION Making and Living Within a Budget Leader Guide Learner Objectives Students will: Understand how to organize personal fi nances and use a budget to manage cash fl
More informationPersonal Finance Unit 1 Chapter 3 2007 Glencoe/McGraw-Hill
0 Chapter 3 Money Management Strategy What You ll Learn Section 3.1 Discuss the relationship between opportunity costs and money management. Explain the benefits of keeping financial records and documents.
More informationEffective Strategies for Personal Money Management
Effective Strategies for Personal Money Management The key to successful money management is developing and following a personal financial plan. Research has shown that people with a financial plan tend
More informationsaving for your future Saving Money to Reach Your Financial Goals
saving for your future Saving Money to Reach Your Financial Goals F I N A N C I A L M E N T O R I N G P R O G R A M IN THIS MODULE YOU WILL LEARN HOW TO: Create short, intermediate, and long-term savings
More informationThis Report has been prepared for: John & June
Trader Makes $4 Billion Wiz Kid Stock & Option Trader Makes $4 Billion Trading Stock Options! Budget Reporting Software Discover Why BudgetPak Provides thebest Financial Reporting & Analysis Input Forms
More informationMaking a Budget and Sticking to It
Budgeting and money management Making a Budget and Sticking to It Do you cringe when you hear the word budget? Sure, a budget involves a bit of work on your part, but the payoff is financial discipline
More informationDimes to Riches Money Management for Teens in Grades 7-12
Dimes to Riches Money Management for Teens in Grades 7-12 s e e r t n o row g t n s e o yd e n o M t a! h k t n a w b o n a k t u n By now yo Your parents are & Life is getting busy and you need cash for
More informationCharting Your Course to Home Ownership
Charting Your Course to Home Ownership Managing Your Family Finances: Chart Your Cash Flow After you have set your goals and organized your home office, you are ready to use the records you ve gathered
More informationFinancial Literacy Quiz ~ ANSWERS
Financial Literacy Quiz ~ ANSWERS Answers are in bold. 1. Which of the following statements best describes your right to check your credit history for accuracy? a. You can't see your credit record b. Your
More informationIncome and Expense Statement
Income and Expense Statement Advanced Level Do you know where your money is coming from and where it is going? An Income and Expense Statement is an important financial management tool that summarizes
More informationMortgages and other money matters
Mortgages and other money matters 2 Buying a Home What about the money? The first thing most people think about when they want to buy a home is how much will it cost and where will I find the money for
More informationA financial statement captures a person s overall wealth at a specific point in time. In this lesson, students will:
PROJECT 3 CASH FLOW AND BALANCE SHEETS INSTRUCTOR OVERVIEW Financial statements are compilations of personal financial data that describe an individual s current financial condition. Financial statements
More informationA financial statement captures a person s overall wealth at a specific point in time. In this lesson, students will:
PROJECT 3 CASH FLOW AND BALANC E SHEETS INSTRUCTOR OVERVIEW Financial statements are compilations of personal financial data that describe an individual s current financial condition. Financial statements
More informationThe Newlywed s Guide. To Budgeting
The Newlywed s Guide To Budgeting How to create and manage a budget for your new life together. Congratulations! Whether you re about to be married or have been married for a few years now, I m glad that
More informationA Paycheck is a paycheck is a paycheck, right? Wrong!
Meg Eynon, Vice President 610.644.4569 Meg@prfusa.com www.thepayrollfactory.com A Paycheck is a paycheck is a paycheck, right? Wrong! Ok so you get a paycheck. It is mailed to you, sent by email or handed
More informationHOW TO. your 1.877.877.1995. www.clearpointccs.org C R E D I T C O U N S E L I N G S O L U T I O N S
argain HOW TO stretch your grocery dollar 1.877.877.1995 www.clearpointccs.org C R E D I T C O U N S E L I N G S O L U T I O N S INTRODUCTION Welcome to the second volume in our Bargain Hunting 101 ebook
More informationInstructions for INCOME AND EXPENSE DECLARATION
Instructions for INCOME AND EXPENSE DECLARATION This packet is designed to help you complete an Income and Expense Declaration [FL-150] and it includes a blank Income and Expense Declaration. An Income
More informationChecking Savings Investments
Checking Savings Investments Checking Account 90% of transactions involving money are made with checks. What is a check? When opening a checking account at a financial institution the customer enters into
More informationWelcome! You ve made a wise choice opening a savings account. There s a lot to learn, so let s get going!
Savings Account Welcome! Welcome to Young Americans Bank, the only bank in the world designed specifically for young people! Mr. Bill Daniels started Young Americans Bank in 1987 because he thought it
More informationNEFE High School Financial Planning Program Unit Two Budgeting: Making the Most of Your Money. Unit 2 - Budgeting: Making the Most of Your Money
Unit 2 - Budgeting: Making the Most of Your Money What is a Spending Plan A Spending Plan is an outline of your financial values and priorities. It is your Income Expenses = Savings A Spending Plan shows
More informationHow do I get good credit?
Slide 1 Credit The information provided in this e-course is intended for educational purposes only and does not constitute specific advice for you as an individual. When evaluating your particular needs,
More informationRegistered Investment Advisor Firm
Registered Investment Advisor Firm Issue VI, Vol. III Bud Heng Registered Adviser (925) 360-6819 June 2014 Congratulation Graduates! For the graduating class of 2014, let me be among the first to say congratulations!
More informationEDUCATIONAL BENEFITS GROUP Providing solutions to make college an affordable reality. Cash Flow Planning for College & Retirement
EDUCATIONAL BENEFITS GROUP Providing solutions to make college an affordable reality Cash Flow Planning for College & Retirement Table of Contents Cash Flow Planning for College & Retirement Introduction
More informationWhole Life Insurance is not A Retirement Plan
Whole Life Insurance is not A Retirement Plan By Kyle J Christensen, CFP I decided to write this article because over the years I have had several clients forget how their whole life insurance fits in
More informationstudents can throw the bills away or make a pile of the discarded bills.)
SM2-1: Budget Busters Purpose: Examine current personal money management habits by participating in this activity. Materials: Play money: enough so that each class member can have 10 bills. All bills can
More informationBudgeting: Managing Your Money with a Spending Plan
Budgeting: Managing Your Money with a Spending Plan Budgeting: Managing Your Money with a Spending Plan Are you making the best use of your money? Do you have a handle on how much comes in each month and
More informationBudgeting Entering the Workforce
Budgeting Entering the Workforce LESSON PREPARATION AND TEACHER INFORMATION Lesson Summary: This lesson is intended for high school students during a forty minute time period. The lesson teaches students
More informationWAYS TO WEALTH - IN YOUR 20's TIME TO GET SMART WITH YOUR MONEY
WAYS TO WEALTH - IN YOUR 20's TIME TO GET SMART WITH YOUR MONEY Whether you're studying, working or travelling, living at home or with friends, saving to buy your own place or you have a mortgage, now
More informationHow Much Is Your Credit Score Costing You?
How Much Is Your Credit Score Costing You? In the past, the credit report was instrumental in determining whether a consumer had the ability to purchase big-ticket items such as homes, cars, and appliances.
More informationPersonal. Shaping Up Your Finances
Personal Shaping Up Your Finances 210.229.1128 MyGenFCU.org 1 Repaying Loans If you are having trouble making a payment on pre-existing loans, consider taking the following steps: Talk to your creditor.
More informationIncome, Expenses and Budget module
Income, Expenses and Budget module Trainer s introduction The skills to control your personal income, expenses and budget are the most basic tools that people need in their financial toolkit. But many
More informationPresented by Dick Bell to the National MS Society Relationships Matter Audioconference on March 6, 2008
Twelve Month Budgeting Presented by Dick Bell to the National MS Society Relationships Matter Audioconference on March 6, 2008 It s a well-known axiom that people don t plan to fail they fail to plan.
More informationFour Steps to Reduce Your Debt
Four Steps to Reduce Your Debt Overview Simple steps you can take to reduce your debt. Admit that you have a problem and commit yourself to fixing it. Stop debt spending. Make a spending plan. Pay down
More informationUsing Credit to Your Advantage.
Using Credit to Your Advantage. Topic Overview. The Using Credit To Your Advantage topic will provide participants with all the basic information they need to understand credit what it is and how to make
More informationAudience: Audience: Tim Sain: Audience:
My name is Tim Sain, and you guys are in a budgeting workshop. Has anyone ever done any kind of financial literacy? No. Budgeting? Workshop? Talked about money? Has anybody ever showed you how to spend
More informationUNIT AUTHOR: Elizabeth Hume, Colonial Heights High School, Colonial Heights City Schools
Money & Finance I. UNIT OVERVIEW & PURPOSE: The purpose of this unit is for students to learn how savings accounts, annuities, loans, and credit cards work. All students need a basic understanding of how
More informationList any past due bills provide account balance and status, i.e., in collections, charged off, etc.
Dear Workshop Participant (s): Welcome to the Increasing Your Cash Flow workshop! I am looking forward to working with you as we explore ways to improve your current financial situation and secure your
More informationPlanning for Your Retirement
STUDENT MODULE 6.1 RETIREMENT PLANNING PAGE 1 Standard 6: The student will explain and evaluate the importance of planning for retirement. Planning for Your Retirement Lindzi and Lezli will attend retirement
More informationTHE ABC S OF VEHICLE FINANCING CURRICULUM. Counting Your Money
Counting Your Money Section Objectives Counting your money and managing your money wisely is the most important part of your trip on the road to personal financial success. It is a critical step in achieving
More informationYour Money Matters! Financial Literacy Teacher Guide. Thanks to TD for helping us bring this resource to schools for free.
Your Money Matters! Financial Literacy Teacher Guide 2 Table of Contents: Introduction...3 Toronto Star epaper...4 Financial Awareness Inventory...5 SPENDING To Spend or Not to Spend Activity...6 I Need
More informationMoney Management 101 - A Guide to Smart Budgeting
Summit Branches are conveniently located in Rochester (8), Seneca Falls (1), Buffalo (2), Syracuse (5) and Cortland (2) Money Management 101 - A Guide to Smart Budgeting Presented by The Summit Federal
More informationPrint one complete set of cards for each group of 3 students.
Print one complete set of cards for each group of 3 students. Print page 2 on the back of each card. (File, Print, Current Page, Number of Copies (10). Print one complete set of cards for each group of
More informationSite Tour Main Page Paying for College Money Management Student Loan Repayment Paying For College Money Management Student Loan Repayment
Site Tour Main Page GradReady is organized by three core topics: Paying for College, Money Management, and Student Loan Repayment. This concept enables the student to access financial literacy topics that
More informationWhy Credit is Important
Page 1 Why Credit is Important Page 6 How to Protect Yourself from Identity Theft Page 7 Cosigning and Money Lending Tips Page 8 How to Avoid Credit Card Interest Why Credit is Important Learning to build
More information10 Steps to Financial Freedom in Your Twenties and Thirties
1 Steps to Financial Freedom in Your Twenties and Thirties On our journey to obtain independence and achieve financial success, we usually prioritize having good educational experiences, a sound resume
More informationRICK A. YARNALL Chapter 13 Bankruptcy Trustee for the United States Bankruptcy Court District of Nevada
CHAPTER 13 THE THIRTEEN (13) MOST COMMON QUESTIONS and ANSWERS Prepared for: Your Case Number is: YOUR FIRST PAYMENT IS DUE ON Payments are due on the day of each month thereafter. Your Trustee is: RICK
More informationSAVINGS BASICS101 TM %*'9 [[[ EPXEREJGY SVK i
SAVINGS BASICS101 TM i This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,
More informationA Plan for the Future: Making a Budget
A Plan for the Future: Making a Budget LESSON 9: TEACHERS GUIDE Cash. Moola. Cha-Ching. No matter what we call it, we all make, spend and save money. While students may recognize the concepts of working,
More informationOBJECTIVES. The BIG Idea. Why should I make a budget and where do I start? Post-Graduation Budget
Post-Graduation Budget 1 Money Matters The BIG Idea Why should I make a budget and where do I start? AGENDA Approx. 45 minutes I. Warm Up: Budget Basics (5 minutes) II. Financial Planning: Moving Out Video
More informationUnit 4: Taxes. Read this unit including websites. You may want to take your own notes.
Taxes Read Chapter 4 in the text. Read Chapter 7 of The Financial Checkup. Read this unit including websites. You may want to take your own notes. Are taxes your favorite topic? They are not the favorite
More informationMEETING THE OREGON STATE STANDARDS FINANCIAL AVENUE CORE CONCEPT EARNING SPENDING SAVING BORROWING PROTECT
MEETING THE OREGON STATE STANDARDS Financial Avenue provides online courses to help students gain important knowledge about the basics of personal money management. The Financial Avenue online financial
More informationHOME BUYING MADE EASY. Live the dream of owning your own home.
HOME BUYING MADE EASY Live the dream of owning your own home. sm Getting started For most of us, buying our first home is a dream come true. It s also a lengthy process where potential and sometimes very
More informationUsing Credit to Your Advantage Credit Cards and Loans Participant Guide
Hands on Banking Using Credit to Your Advantage The Hands on Banking program is a free public service provided by Wells Fargo. You may also access the program anytime at www.handsonbanking.org & www.elfuturoentusmanos.org
More informationBUILDING YOUR MONEY PYRAMID: FINANCIAL PLANNING CFE 3218V
BUILDING YOUR MONEY PYRAMID: FINANCIAL PLANNING CFE 3218V OPEN CAPTIONED MERIDIAN EDUCATION CORP. 1994 Grade Levels: 10-13+ 14 minutes 1 Instructional Graphic Enclosed DESCRIPTION Most people will earn
More informationFirst Timer s Guide PREParing First Time Homebuyers
First Timer s Guide PREParing First Time Homebuyers SO MANY QUESTIONS Maybe you live in the best apartment with a great landlord and don t want to change a thing. Or maybe you ve looked at the rent going
More informationTHE ENVELOPE BUDGET The Easiest Budgeting Tool I Know By David Dopp
THE ENVELOPE BUDGET The Easiest Budgeting Tool I Know By David Dopp My son, who has always had a problem keeping track of his money, had tried just about every budgeting trick he had ever read. Despite
More informationStandard 6: The student will explain and evaluate the importance of planning for retirement.
TEACHER GUIDE 6.1 RETIREMENT PLANNING PAGE 1 Standard 6: The student will explain and evaluate the importance of planning for retirement. Planning for Your Retirement Priority Academic Student Skills Personal
More information1. Submit a Loan Request
Restaurant CFO Using the computer at your desk, you will print payroll checks and checks to pay bills. You will also deposit business income in the Bank. The CEO will sign all checks. If the CEO is not
More informationYour Financial Action Plan 1
FCS5204 1 Adapted by Josephine Turner and Michael Gutter 2 Overview Families today are faced with a financial puzzle. In addition to stretching their income from one paycheck to the next, they face the
More informationBasics of Budgeting. Ten Steps To Create A Budget. Reviewing:
Basics of Budgeting Reviewing: Ten Steps to creating a budget How to find where your money is going Tips to stay on course Budget format included Ten Steps To Create A Budget Basics of Budgeting A budget
More informationYou ve worked hard for your savings. Now keep your savings working hard for you.
You ve worked hard for your savings. Now keep your savings working hard for you. Retire with confidence A guide to your distribution options. You are now faced with an important financial decision When
More informationCongratulations You ve just taken the first step to getting the best buy for your insurance dollar!
Stephen A. Bazzano Author, Consultant, Licensed Insurance Agent, Contractor Insurance Specialist Congratulations You ve just taken the first step to getting the best buy for your insurance dollar! Dear
More informationQuick-Start Budget Your first budget! It s also the simplest, so you can relax now.
Quick-Start Budget Your first budget! It s also the simplest, so you can relax now. It s time to get your feet wet with budgeting. This form is only one page, but it will show you how much money you need
More information1Planning Your Financial Future: It Begins Here
This sample chapter is for review purposes only. Copyright The Goodheart-Willcox Co., Inc. All rights reserved. 1Planning Your Financial Future: It Begins Here Terms Financial plan Financial goals Needs
More informationWould You Like To Earn $1000 s With The Click Of A Button?
Would You Like To Earn $1000 s With The Click Of A Button? (Follow these easy step by step instructions and you will) This Version of the ebook is for all countries other than the USA. If you need the
More informationTHE JOY OF HOME OWNERSHIP FAQ
THE JOY OF HOME OWNERSHIP FAQ Congratulations. By visiting the JoyofHomeownership.com, you are one step closer to owning your own home. Below are answers to a few Frequently Asked Questions concerning
More informationDesigning Your Budget
2 Designing Your Budget Budgeting is needed to get the most mileage out of your income. It is your road map for managing your money. Planning your spending is called Budgeting. Smart investing@your library
More informationBudgeting. What is a budget? The budgeting steps. Where are you now? Where are you going? Where do you want to go?
Budgeting Where are you now? Where are you going? Where do you want to go? What is a budget? A budget is a document for recording actual and projected income and expenditures over time A budget forces
More informationMONEY MANAGEMENT WORKBOOK
MICHIGAN ENERGY ASSISTANCE PROGRAM MONEY MANAGEMENT WORKBOOK Life is a challenge. As the saying goes, just when you're about to make ends meet, someone moves the ends. While it can be a struggle to pay
More informationWEALTH CARE KIT SM. A consumer s guide to establishing and maintaining a financial wellness plan.
WEALTH CARE KIT SM A consumer s guide to establishing and maintaining a financial wellness plan. A website built by the dedicated to your financial well-being. THE WEALTH CARE KIT an INTRODUCTION You plan
More informationStep 1: Decide to Buy
Step 1: Decide to Buy Do you really want to pay someone else's mortgage? If you re renting and have a stable job with some savings, and a credit score in the high 600 range, you can likely qualify for
More informationParticipant Guide Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum
Money Matters Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum Table of Contents Page How to Prepare a Spending Plan 1 Daily Spending Diary 2 Monthly Income and Expense Worksheet
More informationGETTING A BUSINESS LOAN
GETTING A BUSINESS LOAN With few exceptions, most businesses require an influx of cash now and then. Sometimes it is for maintaining growth; sometimes it is for maintaining the status quo. From where does
More informationSOCIAL SECURITY OVERPAYMENTS:
SOCIAL SECURITY OVERPAYMENTS: RESPONDING TO A NOTICE THAT SAYS YOU HAVE BEEN OVERPAID This document contains general information for educational purposes and should not be construed as legal advice. It
More informationIf you have time for a cup of coffee, then you have time for Mainstreet! Familiar Name, Familiar Faces, Familiar Bank. Your Switch Kit includes:
Switching Banks Made Easy... We ve made it simple to switch banks to Mainstreet Community Bank of Florida! We know switching banks can be a bit intimidating, but at Mainstreet Community Bank of Florida,
More informationCONGRATULATIONS ON YOUR DECISION TO MOVE TO NATIONAL BANK OF ARIZONA.
BANK TRANSITION KIT CONGRATULATIONS ON YOUR DECISION TO MOVE TO NATIONAL BANK OF ARIZONA. We know how important your time and money are. That s why we ve created this simple tool kit for you to effortlessly
More informationTHE CHAOS THEORY ROULETTE SYSTEM
THE CHAOS THEORY ROULETTE SYSTEM Please note that all information is provided as is and no guarantees are given whatsoever as to the amount of profit you will make if you use this system. Neither the seller
More information7 Things You MUST DO To Create Financial Certainty. AllianceGroupFinancial.com 801-545-9494
7 Things You MUST DO To Create Financial Certainty AllianceGroupFinancial.com 801-545-9494 1 In This Report Are you rolling the dice with your retirement? Page 3 What is financial certainty? Page 4 Reaching
More informationCreating Your Financial Plan
Chapter 3 Creating Your Financial Plan Chapter 3 helps you create a spending and savings plan. In Chapter 2 you set your goal and estimated how much you need to save each month and for how long to achieve
More informationTRS PERSONAL FINANCE HOMEWORK: Amounts in Actual column are considered PRE-WORK and must be complete BEFORE the TRS seminar
PERSONAL IN NATURE F.O.U.O. TRS PERSONAL FINANCE HOMEWORK: Amounts in Actual column are considered PRE-WORK and must be complete BEFORE the TRS seminar DATE: Completed budget- due 0730 TUESDAY (Attach
More information4. Profit. 5. Credit
What do you want and how are you going to get it? Personal Finance 1. Income 2. Budget 3. Investing 4. Profit 6. Spending 7. Savings 8. Assets 9. Expenses Income vs. Expenses 5. Credit 10.Liabilities SS8E5
More informationRetiring from the Family Business Last update: October 27, 2011
Summary Retiring from the Family Business Last update: October 27, 2011 If you are the owner or a major partner in a small business, your retirement concerns are more complex than most people s. It is
More informationBankFirst Mortgage Services
BankFirst Mortgage Services Thank you for taking the time to educate yourself on your new mortgage loan. We understand that it is a difficult process for new home buyers. We ll be happy to answer any question
More informationFundamental Financial Planning Interview Guide
Fundamental Financial Planning Interview Guide Money Tree Software developed this fundamental guide for use with Silver Financial Planner and similar financial planning applications. For both you and your
More informationAn Easy Guide to Buying a Home
An Easy Guide to Buying a Home Dear Future Homeowner, You have just taken the first step on the road to realizing the American dream. Choosing your home loan is one of the most important decisions you
More informationHOME BUYING MADE EASY. Know what you need to get it right.
HOME BUYING MADE EASY Know what you need to get it right. HOME BUYING MADE EASY PNC, PNC AgentView and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ( PNC ). PNC has
More informationSOME IDEAS THAT MAY HELP WITH. Credit Problems and How to Get Help
66308 1083 9/9/04 3:03 PM Page Cov1 SOME IDEAS THAT MAY HELP WITH Credit Problems and How to Get Help 66308 1083 9/9/04 3:03 PM Page Cov2 Table of Contents Do you have a credit problem? 1 Minor credit
More informationHOME BUYING MADE EASY. Live the dream of owning your own home.
HOME BUYING MADE EASY Live the dream of owning your own home. HOME buying Made Easy PNC, PNC AgentView and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ( PNC ). PNC
More informationTable of Contents. Paying Up: Expenses...13 Decreasing Spending...14 Increasing Income...14 Budgeting Tools...15 Help! I Can t Pay My Bills!...
Table of Contents Money Smart for Young Adults Modules... 3 Your Guides... 4 pre-assessment... 5 Checking In...6 Welcome...6 Purpose...6 Objectives...6 Agenda and Ground Rules...7 Student Materials...7
More informationHOW TO SAVE FOR YOUR FUTURE. a guide for financial security
HOW TO SAVE FOR YOUR FUTURE a guide for financial security Save for your future. Choose to Save is designed to encourage Americans to take four basic steps to secure their financial future: 1 Calculate
More informationMoney and the Single Parent. Apprisen. 800.355.2227 www.apprisen.com
Money and the Single Parent Apprisen 800.355.2227 www.apprisen.com Money and the Single Parent Being a single parent is not easy. As a matter of fact, it is really hard. Single parents are stretched in
More informationPERSONAL BANKING White Paper Series. Using Your Home Equity Wisely
White Paper Series Using Your Home Equity Wisely October 2013 If certain television commercials can be believed, your home s equity is the key to achieving all your wildest dreams. Simply tap in to that
More informationMoney Management Questionnaire
Money Management Questionnaire Welcome to LA Financial Federal Credit Union. Please complete the following information and the checklist below: Name: Checking Account #: Savings Account #: Today s Date:
More informationDecision Making in Finance: Future Value of an Investment VI.A Student Activity Sheet 1: You Have to Get Money to Make Money
Decision Making in Finance: Future Value of an Investment VI.A Student Activity Sheet 1: You Have to Get Money to Make Money 1. Kafi is considering three job offers in educational publishing. One is a
More informationUsing Credit to Your Advantage
Hands on Banking Using Credit to Your Advantage Credit Reports, Credit Scores and Dealing with Debt The Hands on Banking program is a free public service provided by Wells Fargo. You may also access the
More information