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Take Action! Smart Money Moves Financial
In the past few years, shifts in the economy, and falling How you feel The Money Plan Literacy
“Imagine If” you could have what you values of investments have made people rethink their about money No. 1
want… dream it without barriers. financial priorities. People are focusing less on “having” reveals a great A few starting rules:
Congratulations you just set your goal things, and focusing more on finding what makes them deal about
and created your vision! happy. Do you really need that new sweater on the rack, or you. The truth Always start with a
would you rather take that money and put it in your new
What does your vision cost? Create the car fund? There are many ways to shift your priorities and is, you get to plan– create a budget
budget, frame the action plan—make save money. choose how and set financial goals.
money, save money. you feel, react, manage, and think about
Prioritize Your Spending– Before you do anything money. If you have $50 in your pocket, do you Money is not bad or
with your money, have a goal in mind. good, it is just a tool. You
Know Your Credit Score feel rich or poor? The “truth” about money has
Your credit score is a number you are given Live Within Your Budget—Take a look at your income to do with what you know about finances and decide how you are going
to use this tool.
and expenses every month.
based on how well you have managed your the power you feel about cash, wealth, debts,
credit. Organizations use this information Consider Downsizing– Decrease your expenses and income, and money. If you borrow money you
to decide if they should trust you to loan you you will have more money available for saving or Your success may be based on being debt have to pay it back with
money and if you will make your payments. investing. free. Someone else may see success as interest.
The higher the score the better. All the Have an Emergency Fund–An emergency fund should owning a home in a certain neighborhood, or
information about your payments, the amount be able to provide your financial needs for at least six Plan ahead, it’s never too How Money Works
you’ve charged on a credit card, the number of months or longer. owning a business. No matter who you are, early or too late to begin
credit cards you have, the amount you owe to Invest in Your Retirement– Even investing a small planning with money is always better than saving money.
others (debt), if you’ve paid on time, if you’ve amount from every paycheck will make your money reacting. Learn to make smart choices as you
gotten another work for you throughout the years. work towards achieving your goals—making Use credit wisely and
credit card, etc. FICO Credit Score Rating a difference, working your job, living your life, protect your credit rating.
is reported and > 720 Excellent Comparison Shop–Make sure you are getting the best and having fun.
tracked. Your 680 to 719 Good price and saving money.
credit rating is 620 to 679 Average Use a Shopping List—Before you go shopping, make
your financial 580 - 619 Poor a list of what you need and stick to it.
reputation. 500 - 579 Bad Spread Out Your Investments—Put your money in life Money Matters
< 500 Miserable insurance, stocks, property, retirement funds, etc.
8 A person develops in mind, soul, and body by making use of things, and
Disclaimer: society is organized so that individuals must have money in order to have
Learnovation, LLC’s mission is to empower people to
improve awareness of their own financial situation. things.
®
©2017 Learnovation , LLC All Rights Reserved. This information is intended to serve as a general Give more than you take, wealth is not limited.
www.learnovation.com guide of financial principles and strategies. It is not 8
intended to address individual financial issues, nor Be clear and specific in your actions—Act Now!
should it be taken as legal, financial, or other advice. 8
