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Financial Fitness

Managing Your Money

Managing money is a life skill that everyone must learn. It's a skill that will help you meet financial obligations, avoid serious debt, use credit responsibly, buy a car and a home, create and stick to a household budget, save and invest wisely, and plan for a comfortable retirement and have some fun!

The information below can help you manage your personal finances successfully.

Money 101: Take Charge of your Finances

College In Colorado offers a free, online, step-by-step financial literacy program that will help you understand how to manage your money, as well as develop positive relationships with banks and other financial institutions.

Powerful Things to Know and Do

Managing Your Money 101: An Introduction to the Basics of Financial Fitness

  1. Sort Out Your Values
  2. Establish Realistic Goals
  3. Determine Your Monthly Net Income
  4. List Your Monthly Expenses
  5. List All of Your Debts
  6. Write Down Your Daily Expenditures for One Month
  7. Look at Your Credit Report
  8. Set Up a Payday-to-Payday Spending Plan
  9. Begin Saving Now

Other Resources:

$   Calculators, including debt, paycheck, investment, and many others, along with articles and
tools on Money 101

$   MoneySmart en EspañolNew window icon - online, easy-to-use tool that teaches you about money management
in 10 self-paced lessons

$   Jump$tart CoalitionNew window icon has pages of free materials and lessons that students can order to help with financial planning