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Financial Management Study Guide - Coggle Diagram
Financial Management Study Guide
Budget Planning
Housing
Live with someone so both of you can pay for the living space
Try not to use your thermostat as much
Turn off the lights when you're not using them
Transportation
Use public transport
Ride a bike or walk to your destination
Use coupons to help pay for maintenance on your vehicle
Entertainment
Read a book
Rent movies instead of buying
Play in some kind of sport
Take up a hobby
Food
Learn how to cook
Eat out with friends so you can split the bill
Use a shopping list
Use coupons to help pay for groceries
Credit Card Tips
Shop around
Select the cad with the lowest interest rate
Learn about late charges, other fees, and glance periods
Learn about the card's APR and how it's calculated
Pay off your balance every month
If you can't pay for all of your cards, then pay for the higher interest rates
Balance wants and needs
Don't carry all of your credit cards with you
Only carry one credit card with you for emergencies
Avoid impulse buying in order to maintain your credit score
Identity Theft
Personal
Order a copy of your credit report frequently
Shred all documents involving your credit card info
The IRS doesn't request financial information over email
Don't carry your social security card with you
Mail
Have the post office hold your mail when your out of town
Don't leave your mail in an unprotected place
Banking
Look at your bank statements every month
Put your paychecks into your bank account
Don't provide personal information to sources you don't trust