Money for Your Life: Invest in Your Financial Future
Company Publishing CRABTREE
Contents Chapter 1 Much Ado About Spending Saving 4 Chapter 2 Money Matters 10 Chapter 3 IOU 24 Chapter 4 Reality Checks 36 Glossary 44 Further Information 46 Index 47 About the Author 48
CHAPTER ONE MUCH ADO ABOUT SPENDING SAVING Psst want to know the number-one rule of managing money Don't spend more than you have Of course that's easier said than done What if you really need something but don't have the money needed to pay for it Then you have to make some decisions Is it really something you need or do you just want it How can you buy it if you don't have the cash 4 So many things to pay for but only so much money to pay them with How do you decide what is a need and what is a want Should you borrow to pay for something Learning how money works can help you budget what you have plan for the future and make wise choices
Being Smart With Money Making money decisions doesn't have to be difficult It's important to have a basic knowledge of math and a handle on how money is made before you can spend it wisely Saving wisely is also important You want to make the most of your money Luckily there are many ways to do so Money A challenging relationship Many people have an awkward relationship with money We live in a world where we are all consumers We all need basic items such as food shelter and clothing Most of us pay for these basic needs If we have enough money left over we might spend it on something we want Some people have more than enough money to pay for basic needs as well as satisfy all their wants Other people don't have enough money to meet basic needs SHOPPING WATER BILL ELECTRICITY BILL EDUCATION AUTO LOANS TRAVEL INTERNET PHONE BILL HEALTH MEDICINE TRANSPORTATION FUEL HOME LOANS CERA BILL COFFEE MONEY SAVING CREDIT CARD FOOD Shown here are some of the expenses that you may have to pay every month when you become an adult As you become more financially independent you will need to sit down and balance costs such as these It's all a part of becoming financially savvy CREDIT 5
