- WHY IS IT IMPORTANT TO
HAVE GOOD FINANCIAL HABITS?

BASICALLY, NOBODY'S
GOING TO SAVE FOR YOU.

YOU'VE GOT TO START NOW,
START YOUNG BEFORE YOUR

EXPENSES INCREASE
OVER TIME WHEN YOUR

RESPONSIBILITIES INCREASE.

BUDGETING, KNOWING WHERE
YOU'RE SPENDING YOUR MONEY

AND HOW YOU'RE SPENDING YOUR
MONEY, IS GOING TO GIVE YOU

THE ABILITY TO SAVE AS WELL AS
HAVE THE EXTRA MONEY THAT YOU

KNOW YOU CAN SPEND WEEKLY,
MONTHLY TO COVER THOSE THINGS

THAT YOU WANT.

THE IMPORTANCE OF A BUDGET
WOULD BE TO MANAGE YOUR

EXPENSES BASED ON
WHAT YOUR INCOME IS.

AND THIS WAY, YOU KNOW YOU
HAVE YOUR RENT AND YOUR

UTILITIES AND SO MUCH MONEY
FOR FOOD FOR THE WEEK, SO MUCH

MONEY FOR GAS FOR THE MONTH.

CREDIT CARDS ARE GOOD.

YOU JUST DON'T WANT TO COLLECT
CREDIT CARDS AND HAVE 15

CREDIT CARDS IN YOUR WALLET
JUST BECAUSE YOU WERE SENT

PREAPPROVAL IN THE MAIL.

THIS WAY, THE CREDITORS ARE
SEEING THAT I'M ABLE TO PAY

BACK THE MONEY THAT I'M
BORROWING AS WELL AS

ESTABLISHING THE
CREDIT, STILL.

YOU LIKE TO MAINTAIN A GOOD
CREDIT SCORE BECAUSE THAT'S

HOW YOU'RE GOING TO GET
APPROVED FOR A MORTGAGE WHEN

THERE'S A NEED FOR YOU
TO PURCHASE A HOUSE.

FIRST I WOULD RECOMMEND
CHECKING AND SAVINGS, ALSO

AN ADDITIONAL CHECKING.

THE ADDITIONAL CHECKING WILL
BE FOR THOSE MONTHLY ALLOWANCES

THAT YOU PUT ASIDE FOR
YOURSELF AFTER YOU DETERMINE

WHAT'S EXTRA IN YOUR BUDGET.

I WOULD ALWAYS SUGGEST PUTTING
SOME MONEY INTO SAVINGS

BECAUSE YOU WANT TO HAVE
AT LEAST 3 MONTHS OF BILLS

IN YOUR SAVINGS ACCOUNT.

IN THIS ECONOMY, I WOULD
ACTUALLY SUGGEST 6 MONTHS

OF TOTAL BILLS TO COVER IN
CASE THERE WAS A PROBLEM

WITH YOUR JOB, YOUR HEALTH.

I WOULD SUGGEST IF YOUR
EMPLOYER HAS A 401K TO

AT LEAST PUT 8 TO 10% INTO THE
401K BECAUSE MOST COMPANIES

NOWADAYS ARE GOING TO MATCH A
GOOD PORTION OF THE MONEY THAT

YOU PUT IN.

THAT WAY, YOU'RE GONNA EARN
MORE MONEY FOR YOUR FUTURE.

GOING OUT AND SPENDING $5.00 ON
THAT TOP-OF-THE-LINE COFFEE

EVERY DAY.

MAKING A SANDWICH AND BRINGING
IT IN IS GOING TO HELP YOU AS

WELL BECAUSE YOU CAN BUY
THE LUNCH MEAT FOR YOURSELF

AT HOME, AND IT'S GOING TO
COST YOU 50 CENTS TO $1.00 TO

MAKE A SANDWICH INSTEAD OF
$4.00 OR $5.00 BECAUSE YOU'RE

GETTING THAT SODA
AND THAT WATER.

BOTTLED WATER CAN RUN YOU
ANYWHERE FROM $2.00 TO $4.00

RIGHT NOW.

COOK A SENSIBLE DINNER AT HOME
INSTEAD OF GETTING TAKEOUT 3,

4, 5 NIGHTS A WEEK.

TAKEOUT COULD COST YOU
OVER $100 IN ONE WEEK

FOR ONE PERSON.

YOU CAN LIVE YOUR LIFE.

JUST MAKE SURE YOU KNOW
WHERE YOUR MONEY IS AND WHERE

IT'S GOING.

YOU WANT TO GO ON
A CRUISE NEXT YEAR.

OPEN UP A TRAVEL ACCOUNT.

ESTABLISHING THE RIGHT HABITS
TO SET YOURSELF UP FOR YOUR

FUTURE, CHANGING YOUR
SCHEDULE A LITTLE BIT TO HELP

BENEFIT YOU.

IT'S VERY, VERY IMPORTANT
FOR YOU TO START SAVING NOW

AND NOT WAIT UNTIL YOU WANT TO
CALM DOWN A LITTLE BIT AND PUT

SOME MONEY ASIDE BECAUSE
SOMETIMES IT'S GOING TO

BE TOO LATE.