College of Arts & Sciences

Top 10 Money Management Tips

10. Test your financial fitness. How financially smart are you?
mapping-your-future.org/features/dmfinancialtest.htm
9. Pay yourself first by building a savings account.
mapping-your-future.org/features/dmsavings.htm
8. Once you've established a savings account, consider other investment options. Should you open an IRA or put your money into a CD?
mapping-your-future.org/features/dminvest.htm
7. Reconcile your check register to your bank statement each month. It's not enough to write your deposits and debits into your checkbook. You also need to reconcile your activity you tracked to your actual account activity according to the bank.
mapping-your-future.org/features/incontrol.htm
6. Use credit cards wisely! Credit cards are a great way to build up credit when you pay on the balance on a monthly basis and can be of assistance in the case of an emergency. Be careful to not overuse your credit card and accrue a large amount of debt.
mapping-your-future.org/features/dmcrwise.htm
5. Request a copy of your credit report annually and review it to ensure accuracy.
mapping-your-future.org/features/dmcrreportreq.htm
4. Clean up any past credit issues or problems. Bad credit may cause problems for you in the future. Don't let a past mistake haunt you in the future.
mapping-your-future.org/features/dmcrcleanup.htm
3. View webcasts on money managment. Get the basics of money management, find more information about your credit report (and more importantly how this report will affect future large purchases), and learn how to protect yourself against identity theft.
mapping-your-future.org/features/webcasts.htm
2. Visit other free money management resources on the web. Find out more information on keeping yourself financially fit.
mapping-your-future.org/features/resources.cfm#SiteswithInformationonFinancialFitness
And the No. 1 money management tip is . . .
1. Establish a budget - and stick to it! Get control of your wants and needs.
mapping-your-future.org/features/dmbudget.htm

(These money management tips are provided courtesy of Mapping Your Future, Inc.)