Personal Finance and Budgeting for Tech Savvy Adults

Let's start to Transform your Finances using today's technology.

• Pick a Bank

• Get an Online Checking Account with Analytics

• Get an Online Statement Savings Account

• Do not use Paper Checks. Tuck them away in a safe place.

• You do not need a check register to track your balance

Setup Automatic Transfers and start saving money. Pay yourself first! not the other people. Adjust your budget around your savings

• Schedule Automatic Transfers

• Set a Frequency

• Open More Savings Accounts

• You have New Tools!

• See the Rewards

Categorize your transactions. This is a building block to more transparency.

• Review all transactions at least once a month

• Assign Categories

• Learn how to Manage categories for your account

• Identify those Amazon purchases!

• Add more categories when you need to

• Learn how to "Split" a Transaction

Look at the previous Month's spending

• Check your balance every other day with an App

• Use your Bank's Spending Tracking feature

• Look at each Category

• How did you do? Any surprises?

• Now Create a Budget and Make a Spending Plan.

No Plan = A Plan to Fail

Make a Spending Plan

• Open a web browser

• Go to www.google.com and Login

• Create a Free account if you do not have one

• Click the resources link to open the Spreadsheet Demo

• Go to File > Save a Copy As > and Rename it.

Your Net Worth

Assets - Liabilities = Net Worth

• Who is the owner of each account?

• What are your Goals?

• Have you reviewed beneficiaries?

• Evey buckey of money should have a very specific job

Things to Remember

• You are not alone

• You are not the first to make mistakes

• The past is the past

• Here you are, what do you want to do?

• There is so much help out there for you

• Be Kind to yourself

• Be honest

• Talk about Money with your partner

• Work together

Avoid unexpected problems by learning some details that are intended to take more of your money out of your pocket.

• Categorize Amazon transactions

• Understand the Fees

• Use online billing to Pay Bills from your account

• Setup eBill if possible

• Don't keep ATM slips or Deposit Slips

• Don’t need to save paper bills. Maybe Medical Bills.

• Setup Notifications

• Use a Christmas Checking Account

Use a Password Manager. Click here for suggestions. https://www.pcmag.com/picks/the-best-password-managers?test_uuid=06r4MYCu5PZzCkufjQSV3po&test_variant=b

That's it! You are on your way. Start to get into these habits.

We weren't taught this stuff and school. It's so easy it is just a matter of developing a new habit. If you can spend time on Social Media you can check your finances. Plan to dedicate 1-2 hours of month rather than having sporadic worry throughout the week.

It is fine to splurge once in awhile and it's ok to make mistakes. Life can be messy. But it doesn't have to be stressful all the time. You deserve to get ahead if you are working hard. We all do. Give yourself a pat on the back for wanting to improve and taking this course. Don't forget to enjoy life and treat yourself well.

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You've Got This!