Tip # 1: Do you have any financial goals?
Spreadsheet for setting vacant lots
Print a worksheet and set goals
To understand where you are financially located is a good start to know where you are and where you want to go.
What is your goal? What are you doing to achieve these goals now?
The Stage of Life has created free downloadable goals that will help you think about your financial goals and personal goals. Our free spreadsheet invites you to share your ideas …
Reduce your debt
Save more money
Large-scale purchase plan at the horizon
Spend time and money through your community and philanthropy
In addition, our goal worksheet reflects different types of goals in your life such as health and welfare, education, home, community, friends and family, travel and travel. Long-term goal The first step in expanding your financial literacy is to clearly define these goals!
Life Stage – Financial Literacy Action Item Download and print a worksheet and set your life goals.
Tip 2: Follow your budget
Print the worksheet in the “Life” section Print the worksheet for free budget creation
At the basic level, the basic financial knowledge depends on the ability to meet the budget. The first question is, do you have a budget?
For some people, the word “budget” generates images of accounting software and other complex financial instruments. But it does not have to be so. Basically, budget is a comparison of what you spend (your income) and what you spend (your expenses).
The stage of life created a free budget sheet. You can think of ways to spend budget using budget sheets. Fill out the free budget sheet and consider the money in a new way.
Do you know what to spend your money monthly?
Do you pay monthly by investing in savings and investment?
Are you spending money, but do you have anything you can not live with? It increases the ability to repay your debts and save more.
Can you learn something new about where and how to spend hard-earned money taking around 10 minutes to complete a free budget worksheet?
Life Phase – Financial Literacy Action Download and print worksheet for professional life
Worksheet for free budget planning
Other budget planning resources:
1. Practical Money Skill Budget and Saving Tips
2. Household Impulse
Please contact Life Phase. Please contact us if you have suggestions on budget plan resources
Hint 3: Build with respect to trust
Life visa card application – Digital literacy support
Credit cards are powerful financial tools. They will help you to create a credit history. They will offer you flexible payment options and protect you from money. They also have a reward program that can earn points, miles or cash back for your daily purchase.
However, for some people, credit cards can be negative, as people who do not respect the budget (see step 2 above) will invest more than they can and borrow severely there is. “Planned debt” (such as refurbishing your house or loan to do big shopping like a car) is one that most of us plan and construct on a monthly budget and “unhelpful debt” The relevant interest payment should be avoided at all costs.
The three tips on using credit cards are as follows.
Pay your credit card account monthly.
Please confirm that there is a reward program on your credit card. Once you refund the card every month you can receive points, miles, cash back and can later be used for special benefit for you or your family.
Please confirm that the credit card interest rate is less than 15%. If you can not withdraw the monthly card balance, it will be more difficult and time consuming if you do not have a card with high interest payment.
Finally, we recommend you to know your creditworthiness and check the credibility to see if you are using your credit card illegally or collecting cards on your behalf.