Saving Money (Jr.)
Imagine this: you are out for a walk and you find a stack of shiny gold bars. Where do you put your treasure to keep it safe?
- Do you hide it in your room?
- Do you bury it in the ground?
- Do you carry it with you at all times?
You have to make a similar choice with your money. There are many places you can save your money to keep it safe.Activity comic
Budgets are like the New Year’s resolutions of personal finance. We all know we should have one and we all know it’s a fairly simple thing to follow—at least in theory. Like resolutions, we often map out personal budgets with the best of intentions, only to abandon them a couple of weeks later.infographic handout
Building a BudgetBudgeting is a skill that helps you make smart decisions with your money. It ensures that you’re spending less than you earn, it prepares you for life’s curveballs, and it funds your goals and your dreams. Unfortunately, budgeting is often seen as restrictive and overwhelming.
Good vs. Bad Spending
When you start looking for financial advice, experts will share their take on what’s “good” and what’s “bad.” In personal finance, there are some classifications that we can all agree on: Debt is bad. Emergency funds are good. Overdrawing your account is bad. Earning interest on your savings is good.infographic handout
Owning vs. Renting a HomeThe average person moves residences about 11 times in their lifetime. That provides a lot of opportunity to confront the following question: is it better to own your home or to rent it? It’s a huge decision that affects your lifestyle as much as it does your finances, and the answer will vary depending on who you ask.