Money Management

Budgeting: The process of creating and managing a plan for how much money is coming in and going out each month.

Credit scores: A numerical rating that helps to determine a borrower's creditworthiness.

Debt management: Strategies for managing and paying off debts, including credit card debts and loans.

Investing: Understanding the different types of investment options and the process of making investments to grow your wealth.

Retirement planning: Planning for your financial future and preparing for retirement.

Saving for emergencies: Setting aside a safety net of savings for unexpected expenses.

Taxes: Understanding how taxes work and how to file taxes correctly.

Understanding financial products: Understanding the different types of bank accounts, loans, credit cards, and investments, and how they work.

Creating financial goals: Creating personal financial goals and developing plans to achieve them.

Insurance: Understanding how insurance works and selecting the appropriate insurance policies for your life and finances.

Fraud prevention: Knowing how to identify and prevent fraud and scams.

Estate planning: Planning for what happens to your assets and finances after you pass away.

Financial planning: Considering your financial situation and long-term goals to create a comprehensive plan for your finances.

Financial responsibility: Developing habits and attitudes that promote responsible financial behavior.

Basic math skills: Basic math skills, including addition, subtraction, multiplication, and division, are important when managing personal finances.

Budgeting: Creating and maintaining a personal or household budget to manage income and expenses effectively.

Savings: Knowing how and where to save money, how to set and achieve savings goals, and how to determine the best savings accounts and financial instruments.

Debt management: Knowing how to deal with, manage or eliminate debt, such as establishing a debt repayment plan, debt consolidation or debt settlement.

Retirement planning: Recognizing the importance of saving for retirement, how to set goals and create a retirement plan, and knowing about different retirement savings options.

Investing: Knowing how to invest money, what investment options are available, how to assess risk, and how to create an investment portfolio.

Insurance: Understanding the various types of insurance, their importance, and knowing how to choose the right coverage.

Tax planning: Understanding how income taxes work, how to prepare and file tax returns, and how to utilize tax planning strategies to minimize tax liabilities.

Estate planning: Knowing the importance of creating a will, establishing trusts, and taking other measures to protect assets and ensure their proper distribution.

Credit management: Knowing how credit works, understanding credit scores and credit reports, and knowing how to manage and improve credit.

Financial goal-setting: Identifying personal or household financial goals, evaluating progress, and adjusting plans as necessary to achieve those goals.