Managing Personal Finances

There are millions of American citizens struggling with debt.  A lot of debt can be alleviated if you have the right tools for managing personal finances.  This course will provide you with the tools you need to reduce or eliminate debt, and give you the financial stability you need.  The guide teaches you the benefits of having a budget and how to build a budget that fits your needs, and lifestyle. You will discover how you can cut costs, pay off debts, and live within your budget.

For many people, finances are an unsolvable Rubik’s cube filled with anxiety.  There are millions of Americans who live with the shackles of debt each day.  We don’t teach children when they are young, the value of a good credit score.  Many people have a hard time formatting and sticking to a budget.  You can easily solve the finance puzzle with a little hard work, self-control, and the right tools.  Today is a new day; you are taking the first steps to reclaiming your financial freedom by managing your personal finances.

The Benefits of Budgeting

When going on a road trip, most people have a map which tells them how to get from point A to point B.  The map is important, because it tells you how to get to your desired destination.  A well developed budget is just like a map to help you reach your financial goals.  You start at point A, and the budget helps you go the distance; get to point B.  Let’s discuss some of the benefits to managing personal finances by budgeting.

Getting Rid of Debt

Having a budget can be very beneficial to get the hardship of debt off of your plate.  Debt is money that is owed by one person to another person, or company.  Many people these days struggle with the burden of debt.   The Pew Charitable Trusts reported in 2015 that 80% of Americans were in debt.  The median is almost $68,000 for Americans; talk about stressful!  Debt can take many different forms, here are just a few:

• Mortgage
• Credit Card
• Medical Bills
• Personal Loans
• Car Loan
• Bank Overdraft Charges
• Student Loan

Course Objectives:

• Discover how to establish financial goals
• Evaluate where financial cuts can be made
• Learn the basics about expenses
• Determine what tools you need to stick with your budget