Savings, Expenses, & Budgeting Personal Assessment
Keeping track of your money in today’s hectic lifestyle can seem difficult. But budgeting has many benefits – it saves you time and money and helps get your money working for you. A strong savings plan lies at the heart of good money management. Reviewing your budget regularly enables you to identify and address gaps, saving you even more money. And knowing how to plan for major purchases leads to decisions that support your long-term goals.
In this section of the complimentary training, you’ll learn the basics of budgeting and developing a savings plan, and how to evaluate purchases based on “needs” versus “wants.” It introduces the main types of expenses and strategies for reducing them. How to plan for two of the largest purchases you’ll face in your lifetime – cars and houses – rounds out the section.