The Process
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Home | Introduction
| Task | Process & Resources
| Evaluation | Conclusion
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Money Spender
Step 1
There is always a way to save money. One way to do this is by determining your wants vs. your needs. Take on your identity as the Money Spender and complete this quiz to determine the type of spender Janet is.
Step 2
Review the monthly expense worksheet that the Financial Planner completed. What can Janet trim from this worksheet that truly is not a necessity? Place a check mark next to each and add up those expenses. This will determine just how much Janet can save in a month and place into savings or another asset that can help this money to grow. Record this amount and lets see how Janet can make this money work twice as hard as she worked for it! Use this savings calculator to determine how much money Janet can save over time if she decreases frivoulous spending habits.
Step 3
Determine what Janet can do with this extra money. Should it be placed towards loans, credit card debt or savings? Is Janet aware of here FICO score, take the test to find out. Can Janet afford to divide the money to contribute to more than on one thing? Collaborate with the Penny Pincher to research financial savings sites to determine the best decision(s). Take a look at these sites to gather some ideas before meeting with the Penny Pincher: Best Rates for Money Markets and Savings Accounts,CD investments.
Step 4
Save all information gathered from Steps 1 through 3 and wait for the other identies to complete their tasks to collectively create your financial presentation together. Click here to view your final step!
Put the Money back in the BANK!
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