Tips and Tools For Financial Success - Newton Free Library
Tips and Tools For Financial Success - Newton Free Library
Tips and Tools For Financial Success - Newton Free Library
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Table Of Contents<br />
Introduction: How to use this Guide ............................................. 5<br />
Chapter I. <strong>Financial</strong> Planning <strong>and</strong> Security<br />
Organizing your <strong>Financial</strong> Records ................................................ 8<br />
Goal Setting <strong>and</strong> <strong>Financial</strong> Planning ............................................... 10<br />
<strong>Financial</strong> Goals Worksheet (SMART) ............................................... 12<br />
Planning for Unexpected Life Events .............................................. 14<br />
How to be <strong>Financial</strong>ly Prepared for Disasters ........................................ 15<br />
Identity Theft ................................................................. 17<br />
What to do if a Wallet or Purse is Stolen ............................................ 19<br />
Chapter II. Banking<br />
Introduction to Banks ........................................................... 22<br />
Choosing a Bank <strong>and</strong> a Bank Account Checklist ..................................... 23<br />
Opening <strong>and</strong> Maintaining a Bank Account .......................................... 25<br />
Ways to Take Money Out of your Account ........................................... 26<br />
Using Electronic Banking ........................................................ 28<br />
Activity: Checking Account Fees .................................................. 30<br />
Activity: Writing a Check ........................................................ 31<br />
Activity: Record Transactions in Your Check Register ................................ 32<br />
Activity: Reconcile Your Check Register. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33<br />
Activity: Name That Service ..................................................... 35<br />
Paper Money .................................................................. 36<br />
Banking Terms <strong>and</strong> Definitions ................................................... 38<br />
Chapter III. Budgeting<br />
Practice Good Habits ........................................................... 40<br />
Create a Budget <strong>and</strong> Pay Yourself First ............................................. 41<br />
Establish an Emergency Fund .................................................... 42<br />
Household Budgeting Worksheet .................................................. 43<br />
Activity: Monthly Income <strong>and</strong> Expenses ............................................ 44<br />
Activity: Spending Plan Considerations ............................................ 48<br />
<strong>Financial</strong> Recovery Plan ......................................................... 50<br />
Budgeting Terms <strong>and</strong> Definitions ................................................. 54<br />
Budgeting Quiz with Answers .................................................... 55<br />
Chapter IV. Saving <strong>and</strong> Investing<br />
Preparing to Invest: Introduction ................................................. 60<br />
Savings <strong>Tips</strong> ................................................................... 62<br />
How your Money can Grow. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64<br />
Risk-Return Relationship Table ................................................... 65<br />
Compounding (with Tables) ...................................................... 67<br />
Investing in your Twenties ....................................................... 68<br />
Retirement Savings Vehicles ...................................................... 69<br />
Activity: Pay Yourself First Action Plan ............................................ 72<br />
Activity: Savings Goals Worksheet ................................................. 73<br />
Investment Terms <strong>and</strong> Definitions ................................................. 74<br />
Investing Quiz with Answers ..................................................... 75<br />
Saving <strong>and</strong> Investing Online Resources ............................................. 78<br />
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