Please enable JavaScript.
Coggle requires JavaScript to display documents.
Financial Management Strategies - Coggle Diagram
Financial Management
Strategies
Budget Strategies
Housing
Turn off lights when not in use
Get a roommate
Unsubscribe to cable TV or other TV services
Entertainment
Eat out less
Split Meals with friends
Use restaurant coupons
Eat early and take advantage of happy hours
Rent movies instead of going to the movies
Miscellaneous
Make a monthly budget
Don't spend money to relieve stress
Consider wants v.s needs
Avoid impulse purchases
Credit Card Strategies
Avoid Late Payments
Late payments will drop your credit score each time you have a late payment.
Credit card companys can use a late payment as reason to up you interest amount.
Balance Wants v.s Needs
Needs are something you need ti survive and have a good life
Wants are like accessory for life. For example you don't need jewelry but you need clothes.
Pay of Balance Each Month
Paying if the balance it important. If you don't pay off you balance that month the amount will go up because of the interest rate
If you don't pay off your balance and the amount keeps going up and that will drop your credit score each time.
Identity Theft Prevention Strategies
Personal
Limit the amount of cards in your wallet
Make hard pins
Don't give out personal information unless positive the site is real
Don't carry passwords or important information in your wallet
Don't be afraid to ask questions
Mail
Mark over address and all personal information before throwing mail away
Get mail as soon as possible
Banking
Don't use personal checks when traveling
Paycheck direct deposit into bank account
Resources
Prevention Methods