Page 320 - Keys to College Success

multiple intelligence strategies

FOR FINANCIAL MANAGEMENT

Name a significant upcoming expense: .
In the right-hand column, record specific ideas for how MI strategies can help you afford it.

USE MI STRATEGIES TO APPLY MI STRATEGIES THAT CAN
INTELLIGENCE MANAGE YOUR MONEY HELP YOU MAKE A PURCHASE
Verbal-Linguistic ■ Talk over your financial situation with someone
you trust.
■ Write out a detailed budget outline. If you can, store
it on a computer file so you can update it regularly.

Logical-Mathematical ■ Focus on the numbers; with a calculator and
amounts that are as exact as possible, determine
your income and spending.
■ Calculate how much you’ll have in 10 years if you
start now to put $2,000 in a 5% interest-bearing
IRA account each year.
Bodily-Kinesthetic ■ Create a set of envelopes, each for a different
budget item—rent, dining out, phone, and so on.
Each month, put money, or a slip with a dollar amount,
in each envelope to represent what you can spend.
When the envelope is empty or the number on the
paper is reduced to zero, stop spending.
Visual-Spatial ■ Set up a budgeting system that includes color-coded
folders and colored charts.
■ Create color-coded folders for papers related to
financial and retirement goals—investments,
accounts, and so on.
Interpersonal ■ Whenever money problems come up, discuss
them right away with a family member, partner,
or roommate.
■ Brainstorm a five-year financial plan with one of
your friends.
Intrapersonal ■ Schedule quiet time to plan how to develop, follow,
and update your budget. Consider financial manage-
ment software, such as Quicken.
■ Think through where your money should go to best
achieve your long-term financial goals.
Musical ■ Include a category of music-related purchases in
your budget—going to concerts, buying CDs—
but keep an eye on it to make sure you don’t go
overboard.

Naturalistic ■ Analyze your spending by using a system of
categories. Your system may be based on time
(when payments are due), priority (must-pay bills
versus extras), or spending type (monthly bills,
education, family expenses).

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