Closing - Keep Learning and Keep Earning

YOUR ACTION PLAN: The 5 Things You Need To Know About Your Money (8:00 mins)

Action Prompts: Follow the prompts below to take action and start winning the money game:

  • Assets: How much do you have?
    • Calculate how much you have, your take-home pay after taxes, and the value of anything you could sell if you needed the money.
  • Debts & Liabilities: How much do you owe?
    • Calculate who and how much debt you have (i.e., student loans, credit card debt, overdue bills)
  • Living expenses: How much do you need?
    • Break down the cost of your basic monthly expenses.
    • Add them to calculate your monthly living expenses.
    • Break down the minimum cost of survival, that’s your Egg and Cereal Budget
  • How much do you save vs. spend?
    • Review the last 1-3 months of your banking history.
    • Calculate how much you make (after-tax take home pay) each month.
    • Calculate how much you spend each month.
    • Calculate how much you save each month.
  • Set savings goals.
    • Write down 1-3 things you wish you’d spent less on.
    • Write down 1-3 things you wish you’d spent more on.