Wellness Week 2018: Money Management

Do You Know Where Your Money Goes?

This module was developed to help show that many individuals simply do not know where their money goes. In an age of preauthorized checking, automatic withdrawals and automatic monthly credit card charges, it is easy to forget all the financial commitments we have made.

A concept often used in Tax Planning also relates to Money Management – ‘Its not how much you make, its how much you keep’. In this regard, its not how much income you have earned in any given year, rather its how you have spent it. Did you spend it wisely and have enough to meet your savings goals or did you spend frivolously? A couple of questions to think about…

After completing this module, you will be able to:

1. Understand the importance of managing your money and spending it wisely

2. Determine whether or not you know where your money goes

3. Apply some basic money management concepts and techniques