1. Managing Money

2. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 2 Managing Money: The Source of Money Problems Most money problems result from spending more than is available

3. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 3 Managing Money: The Solution to Money Problems Dont spend more than you have

4. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 4 Three Steps to Financial Independence Tell the truth about how much money you have and how much you spend Commit to spend no more than you have Begin saving money

5. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 5 Increasing Money In: Finding a Job Describe your dream job Brainstorm how to find or create it Make a list of your work skills –Content skills –Transferable skills Research jobs that match your skills

6. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 6 Increasing Money In: Finding a Job Ask around Make a list of places youd like to work Visit those places even if no job is advertised Fill out applications and leave your résumé

7. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 7 Decreasing Money Out Redefine money Create a budget Monitor money out Spend on purpose Look to the big- ticket items Look to the small- ticket items Use the telephone Do comparison shopping Be aware of quality Use coupons

8. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 8 Decreasing Money Out Cook for yourself Plan your wardrobe Conserve energy Keep your housing costs down Pay cash Fix things yourself Notice what you spend on fun Use public transportation Postpone purchases

9. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 9 Take Charge of Your Credit Card Do a First Step about money Scrutinize credit card offers Pay off the balance each month

10. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 10 Money for the Future Start saving now –Save for short-term, mid-term, and long- term goals –Save for emergencies Build a nest egg equal to 6 months of living expenses Save 10 percent of your take-home pay

11. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 11 Money for the Future Invest after you have a cushion –Be safe –Do your homework –The sooner you start the better Save on insurance Be careful with contracts Use credit wisely

12. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 12 If Youre in Trouble… Get specific data on: – How much you earn – How much you spend Be honest with creditors Consider credit counseling Get help collecting child support

13. Copyright © Houghton Mifflin Company. All rights reserved.Managing money - 13 College: You Can Pay for It Loans Military funds Scholarships Social security Company assistance Grants Relatives Personal savings College work study