Welcome to the Manage Your Money E-mail Challenge!

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The Manage Your Money E-mail Challenge includes six lessons. Lessons vary in length and can be labor intensive, depending on how organized your records currently are. You are encouraged to use the financial management tools provided, but there is no set time amount required to complete them. YOU determine the amount of time put into this challenge based on interest, availability and your desire to improve your financial well‐being.

We are excited to be working with you.  As Extension educators, we are not giving financial advice, but sharing educational information as it related to one’s improved financial well‐being. As with any financial management program, we encourage you to talk with your financial advisor. If you have questions, please don’t hesitate to leave a comment – others may have the same question.

 

January 12-February 28, 2015

January 12-17 Lesson 1: Getting Started
  • Identify your values about money.
  • Communicate about money.
  • Set financial goals.

 

January 19-24 Lesson 2: Where Does Your Money Go?
  • Determine what you owe (debt).
  • Determine your cash flow.
  • Prepare to create a budget.

 

January 26-31 Lesson 3: Stop Spending Leaks
  • Identify spending habits.
  • Create a plan to stop spending leaks.

 

February 2-7 Lesson 4: How Much Credit Can You Afford?
  • Understand types of credit.
  • Get your credit scores/history.
  • Determine how much credit you can afford.

 

February 9-14 Lesson 5: Develop Your Budget
  • Identify spending patterns.
  • Estimate expenses.
  • Creating a balanced budget.

 

February 16-21 Lesson 6: Your Net Worth and Financial Records
  • Identify your assets and liabilities.
  • Calculate your net worth.
  • Keep good financial records.

 

February 23-28 Challenge Survey
  • Identify changes in money habits.
  • Recognize progress towards personal financial goal(s).

 

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