SHIFT Garage Managing Finances Class
Your Money Values and Influences
September 2018
Money Smart for Adults
Values and Money
See page 1 in your Participant Guide
September 2018
Money Smart for Adults
Key Takeaway
Understanding your values can help you set achievable financial goals.
September 2018
Money Smart for Adults
What Are Values?
- People, things, and places that are important to you and guide how you make decisions
- Values shape how you prioritize time, energy, and money
Money Smart for Adults
September 2018
Apply It: My ValuesSee page 1 in your Participant Guide
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Try It: Values and Financial ChoicesSee page 2 in your Participant Guide
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Remember the Key Takeaway
Understanding your values can help you set achievable financial goals.
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Section 2: Goals and Money
Goals and Money See page 3 in your Participant Guide
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Key Takeaway
Setting SMART goals helps you achieve your hopes and dreams for the future by providing a realistic plan to follow.
10
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
What are Goals?
- What kind of future do you want?
- These are your hopes and dreams
- Goals are your desired results
- Set goals:
- To prioritize how you use money
- To measure and track progress
11
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Setting SMART Goals
- Goals should be:
- Specific
- Measurable
- Action-oriented
- Reachable
- Time-bound
"I will [specific & measurable outcome] by doing [action-oriented steps], [ensuring it is reachable with available resources or support], and I will accomplish this by [specific deadline or within a specific number of months]."
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
12
SMART Goals
13
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
SMART Goal Examples
1. Build a Basic Emergency Fund • Goal: Save $1,000 for an emergency fund. • SMART Format: "I will save $1,000 by setting aside $100 each month over the next 10 months to create a financial safety net for unexpected expenses." 2. Pay Off Credit Card Debt • Goal: Eliminate high-interest credit card debt. • SMART Format: "I will pay off $3,000 in credit card debt by making $300 monthly payments for the next 10 months, using a spendi to reduce discretionary spending." 3. Save for My Next Car • Goal: Pay cash for my next car. • SMART Format: "I will save $4,800 by contributing $200 monthly into a high-yield savings account over the next 24 months."
14
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Apply It: My SMART Goals See page 4 in your Participant Guide
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
15
Remember the Key Takeaway
Setting SMART goals helps you achieve your hopes and dreams for the future by providing a realistic plan to follow.
16
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Section 3: External Influences
External Influences See page 5 in your Participant Guide
17
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Key Takeaway
External influences impact financial choices. Use strategies to stay focused on your goals.
18
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Influences on Choices about Money
- Advertisements
- Media
- Celebrities
- Peers/friends
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
19
Influences Can Be…
- Productive
- Helping you achieve your goals
- Unproductive
- Getting in your way
20
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
External Influences: Group Activity
- Advertisements
- Media
- Celebrities
- Peers/friends
21
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Social Pressure and Advertising
- It’s human nature to want what others have
- Advertisers spend money to influence how we
spend our money
- Impulse purchases can make it harder
to achieve goals
22
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Strategies for Staying Focused on Your Goals
- Recognize tactics used by advertisers
- Notice when and where you’re tempted
- Control your environment
- Build in a pause
23
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
More Strategies for Staying Focused on Your Goals
- Talk yourself out of it
- Calculate hours or days an item is worth
- Think about your hourly wage
- Divide cost of item by hourly wage
- Quantify purchase in terms of a very valuable thing your time
$ hourly wage
$ cost of item
Hours you have to
work to pay
for item
24
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Apply It: Staying Focused on My GoalsSee page 8 in your Participant Guide
25
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Remember the Key Takeaway
External influences impact financial choices. Use strategies to stay focused on your goals.
26
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Module 3: Your Income and Expenses
Your Income and Expenses
September 2018
27
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Section 1: Income
Income
See page 9 in your Participant Guide
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
September 2018
Money Smart for Adults
Module 3: Your Income and Expenses
28
Key Takeaway
Understand your income. That is the first step to using it to meet your needs.
29
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
What is Income?
- Income is money you receive
What are some types of income?
30
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Gross and Net Income
- Gross income
- Total income without deductions
- Net income
- Gross income minus deductions
- What you have to save, share, and spend
- Your take-home pay
31
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Garnishment
- Wage garnishment
- Account garnishment
- Treasury offset
32
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
More Than One Job or a Paid “Hobby”
- Understand how you are being paid
- May have to pay taxes yourself
- Consider putting money aside for the future
- Keep accurate records!
33
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Tracking Your Income
- Regular income
- Unpredictable income
- Seasonal income
- One-time income
34
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Apply It: My Monthly Income LogSee page 10-11 in your Participant Guide
35
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Remember the Key Takeaway
Understand your income. That is the first step to using it to meet your needs.
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
36
Section 2: Expenses
Expenses
See page 12 in your Participant Guide
37
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
September 2018
Money Smart for Adults
Module 3: Your Income and Expenses
Key Takeaway
Understand your expenses.That will help you decide how to save, share and spend your income.
38
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Ways to Use Your Money
- What do people do with their money?
39
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Think About How You Use Your Money
- Saving it
- Sharing it
- Spending it
“On the first day of every week, each one of you should set aside a sum of money in keeping with your income, saving it up…” (1 Corinthians 16:2)
“Whoever sows sparingly will also reap sparingly… God loves a cheerful giver” (2 Corinthians 9:6-7)
“The plans of the diligent lead to profit as surely as haste leads to poverty” (Proverbs 21:5)
40
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Ways to Think About Expenses
- Needs: Things you must have to live
- Wants: Things you desire and can live without
- Obligations: Debts you owe
Can you:
- Find less expensive ways to meet needs?
- Use less money for wants?
- Negotiate lower payments for obligations?
41
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Tracking Your Expenses
- Helps you understand if you are using your money in line with your value and goals
- Uncovers where you can make changes
AND … it can help you spend less
42
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Apply It: My Saving, Sharing, and Spending Diary
See page 13-14 in your Participant Guide
43
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Apply It: My Monthly Expense LogSee page 15-16 in your Participant Guide
44
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Managing Your Expenses
- Helps you avoid:
- Late fees
- Interest on unpaid balances
- Negative credit report entries
- Loss of services
- Additional charges associated with loss of services
45
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Ways to Pay Bills
- In person
- By mail
- Electronically
- Through financial institution
- Credit card website
- Through entity you owe money to
- Bill paying service
- Via mobile app
46
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Remember the Key Takeaway
Understand your expenses.That will help you decide how to save, share and spend your income.
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
47
Module 4: Your Spending and Saving Plan
Your Spending and Saving Plan
‹#›
48
September 2018
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Section 1: Making a Monthly Spending and Saving Plan
Making a MonthlySpending and Saving Plan See page 19 in your Participant Guide
49
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
September 2018
Money Smart for Adults
Module 4: Your Spending and Saving Plan
Key Takeaway
Use a monthly spending and saving plan to guide how you use your money.
50
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Building Blocks of aSpending and Saving Plan
- Compare income andexpenses
- Understand where your money is going
- Make adjustments
Income: Money you receive
Expenses:How you use your income
51
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Filling Out My Spending and Saving Plan
- Three sections:
- My Net Income
- My Expenses
- Comparison
- Steps to fill it out:
- Complete Past Monthly Amount
- Complete Planned Monthly Amount
- Compare total net income and total expenses
- If needed, make changes
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
52
When You Compare
My Total Net Income minus My Total Expenses
- If the Difference is:
- Zero -- your income equals your expenses
- Positive -- you have more income than expenses
- Negative -- you have more expenses than income
53
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Try It: Making a Spending and Saving PlanSee page 20-23 in your Participant Guide
54
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Daily and Weekly Ideas
- Daily Ideas
- Record your saving, sharing, and spending
- Collect your change
- Other ideas?
- Weekly Ideas
- Envelope system
- Weekly money check-in
- Other ideas?
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
55
Monthly Ideas
- Monthly Ideas
- Conduct a monthly review
- Have a monthly goal-setting session
- Celebrate successes
- Prepare for taxes
- Other ideas?
56
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Apply It: Using My Spending and Saving PlanSee page 24-26 in your Participant Guide
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
57
Increasing Income
- Can help you cover expenses, save, or share
- Once (sell something)
- Occasionally (a few garage sales)
- Ongoing (part-time second job)
- Long-term (workforce development)
What are other ways to increase your income?
58
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Decreasing Expenses
- Think about needs, wants and obligations
- Conserve:
- What can you get cheaper, or use less of?
- Adjust:
- What can you renegotiate?
- Do without:
- What can you eliminate?
59
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Conserve with Needs
60
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Conserve with Wants
61
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Do Without
- Streaming Service Subscriptions:
- Average cost of top 8 streaming services: $11.50 per month
62
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Try It: Adjusting a Spending and Saving PlanSee page 28 in your Participant Guide
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
63
Apply It: Making My Spending and Saving PlanSee page 29-33 in your Participant Guide
64
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Remember the Key Takeaway
Use a monthly spending and saving plan to guide how you use your money.
65
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Section 2: When Money is Short
When Money Is Short
66
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
September 2018
Money Smart for Adults
Module 4: Your Spending and Saving Plan
Key Takeaway
Prioritize which bills to pay first when money is short.
67
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
How Does It Happen?
- Even with careful planning, money can run short
68
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
What Can I Do?
- Increase income
- Decrease expenses
- Contact your creditors
- Reach out for help
- Prioritize what to pay first
69
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Prioritizing Based on What Might Happen
- Make choices about which bills to pay in full, pay partially, or pay late
- Pay attention to consequences that:
- Prevent you from earning income
- Jeopardize your shelter
- Impact health or ability to live independently
- Could result in loss of your assets
70
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Remember the Key Takeaway
Prioritize which bills to pay first when money is short.
71
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Take Action
- What will I do?
- How will I do it?
- Will I share my plans withanyone? If so, who?
Visit fdic.gov/education to learn more
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
72
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Transcript
SHIFT Garage Managing Finances Class
Your Money Values and Influences
September 2018
Money Smart for Adults
Values and Money
See page 1 in your Participant Guide
September 2018
Money Smart for Adults
Key Takeaway
Understanding your values can help you set achievable financial goals.
September 2018
Money Smart for Adults
What Are Values?
Money Smart for Adults
September 2018
Apply It: My ValuesSee page 1 in your Participant Guide
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Try It: Values and Financial ChoicesSee page 2 in your Participant Guide
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Remember the Key Takeaway
Understanding your values can help you set achievable financial goals.
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Section 2: Goals and Money
Goals and Money See page 3 in your Participant Guide
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Key Takeaway
Setting SMART goals helps you achieve your hopes and dreams for the future by providing a realistic plan to follow.
10
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
What are Goals?
11
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Setting SMART Goals
- Goals should be:
- Specific
- Measurable
- Action-oriented
- Reachable
- Time-bound
"I will [specific & measurable outcome] by doing [action-oriented steps], [ensuring it is reachable with available resources or support], and I will accomplish this by [specific deadline or within a specific number of months]."September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
12
SMART Goals
13
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
SMART Goal Examples
1. Build a Basic Emergency Fund • Goal: Save $1,000 for an emergency fund. • SMART Format: "I will save $1,000 by setting aside $100 each month over the next 10 months to create a financial safety net for unexpected expenses." 2. Pay Off Credit Card Debt • Goal: Eliminate high-interest credit card debt. • SMART Format: "I will pay off $3,000 in credit card debt by making $300 monthly payments for the next 10 months, using a spendi to reduce discretionary spending." 3. Save for My Next Car • Goal: Pay cash for my next car. • SMART Format: "I will save $4,800 by contributing $200 monthly into a high-yield savings account over the next 24 months."
14
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Apply It: My SMART Goals See page 4 in your Participant Guide
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
15
Remember the Key Takeaway
Setting SMART goals helps you achieve your hopes and dreams for the future by providing a realistic plan to follow.
16
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Section 3: External Influences
External Influences See page 5 in your Participant Guide
17
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Key Takeaway
External influences impact financial choices. Use strategies to stay focused on your goals.
18
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Influences on Choices about Money
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
19
Influences Can Be…
20
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
External Influences: Group Activity
21
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Social Pressure and Advertising
22
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Strategies for Staying Focused on Your Goals
23
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
More Strategies for Staying Focused on Your Goals
$ hourly wage
$ cost of item
Hours you have to work to pay for item
24
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Apply It: Staying Focused on My GoalsSee page 8 in your Participant Guide
25
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Remember the Key Takeaway
External influences impact financial choices. Use strategies to stay focused on your goals.
26
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Module 3: Your Income and Expenses
Your Income and Expenses
September 2018
27
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Section 1: Income
Income
See page 9 in your Participant Guide
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
September 2018
Money Smart for Adults
Module 3: Your Income and Expenses
28
Key Takeaway
Understand your income. That is the first step to using it to meet your needs.
29
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
What is Income?
- Income is money you receive
What are some types of income?30
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Gross and Net Income
31
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Garnishment
32
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
More Than One Job or a Paid “Hobby”
33
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Tracking Your Income
34
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Apply It: My Monthly Income LogSee page 10-11 in your Participant Guide
35
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Remember the Key Takeaway
Understand your income. That is the first step to using it to meet your needs.
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
36
Section 2: Expenses
Expenses
See page 12 in your Participant Guide
37
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
September 2018
Money Smart for Adults
Module 3: Your Income and Expenses
Key Takeaway
Understand your expenses.That will help you decide how to save, share and spend your income.
38
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Ways to Use Your Money
39
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Think About How You Use Your Money
“On the first day of every week, each one of you should set aside a sum of money in keeping with your income, saving it up…” (1 Corinthians 16:2)
“Whoever sows sparingly will also reap sparingly… God loves a cheerful giver” (2 Corinthians 9:6-7)
“The plans of the diligent lead to profit as surely as haste leads to poverty” (Proverbs 21:5)
40
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Ways to Think About Expenses
- Needs: Things you must have to live
- Wants: Things you desire and can live without
- Obligations: Debts you owe
Can you:41
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Tracking Your Expenses
- Helps you understand if you are using your money in line with your value and goals
- Uncovers where you can make changes
AND … it can help you spend less42
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Apply It: My Saving, Sharing, and Spending Diary See page 13-14 in your Participant Guide
43
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Apply It: My Monthly Expense LogSee page 15-16 in your Participant Guide
44
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Managing Your Expenses
45
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Ways to Pay Bills
46
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
Remember the Key Takeaway
Understand your expenses.That will help you decide how to save, share and spend your income.
Module 3: Your Income and Expenses
September 2018
Money Smart for Adults
47
Module 4: Your Spending and Saving Plan
Your Spending and Saving Plan
‹#›
48
September 2018
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Section 1: Making a Monthly Spending and Saving Plan
Making a MonthlySpending and Saving Plan See page 19 in your Participant Guide
49
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
September 2018
Money Smart for Adults
Module 4: Your Spending and Saving Plan
Key Takeaway
Use a monthly spending and saving plan to guide how you use your money.
50
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Building Blocks of aSpending and Saving Plan
Income: Money you receive
Expenses:How you use your income
51
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Filling Out My Spending and Saving Plan
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
52
When You Compare
My Total Net Income minus My Total Expenses
53
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Try It: Making a Spending and Saving PlanSee page 20-23 in your Participant Guide
54
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Daily and Weekly Ideas
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
55
Monthly Ideas
56
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Apply It: Using My Spending and Saving PlanSee page 24-26 in your Participant Guide
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
57
Increasing Income
What are other ways to increase your income?
58
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Decreasing Expenses
59
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Conserve with Needs
60
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Conserve with Wants
61
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Do Without
62
September 2018
Money Smart for Adults
Module 1: Your Money Values and Influences
Try It: Adjusting a Spending and Saving PlanSee page 28 in your Participant Guide
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
63
Apply It: Making My Spending and Saving PlanSee page 29-33 in your Participant Guide
64
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Remember the Key Takeaway
Use a monthly spending and saving plan to guide how you use your money.
65
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Section 2: When Money is Short
When Money Is Short
66
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
September 2018
Money Smart for Adults
Module 4: Your Spending and Saving Plan
Key Takeaway
Prioritize which bills to pay first when money is short.
67
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
How Does It Happen?
68
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
What Can I Do?
69
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Prioritizing Based on What Might Happen
70
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Remember the Key Takeaway
Prioritize which bills to pay first when money is short.
71
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
Take Action
Visit fdic.gov/education to learn more
Money Smart for Adults
Module 4: Your Spending and Saving Plan
September 2018
72