SlideShare a Scribd company logo
YOUR MONEY & YOU
  Financial Literacy Basics
Outline
2



    1.   How to Get Out of Debt
    2.   Budgeting
    3.   3 Things to do With Your Money
    4.   How to Monitor Your Spending




         © 2012 The Mullings Group. http://TheMullingsGroup.com
How to Get Out of Debt
3


       A debt is any money you owe
       A bill is not a debt - unless it is past due
       The borrower is slave to the lender
       75% of the 400 richest people in America
        say that the #1 way to get wealthy is to
        get out of debt
       You need to stop getting deeper into debt
        now!

         © 2012 The Mullings Group. http://TheMullingsGroup.com
How to Get Out of Debt
4


    Credit Collectors…

       Know your rights…Google: “1977 Federal
        Fair Debt Collection Practices Act”
       Get your free credit report from all three
        reporting agencies
         e.g.    annualcreditreport.com
       Dispute all items that are not correct

         © 2012 The Mullings Group. http://TheMullingsGroup.com
How to Get Out of Debt
5


    1.   Create a budget
    2.   Track your spending
    3.   Get current with all your creditors
    4.   Pay the minimum on all debts
    5.   Save $1000 for emergencies
    6.   Payoff debt - No new debt



         © 2012 The Mullings Group. http://TheMullingsGroup.com
Budgeting
6


       Budget: A plan for spending or saving
        money received
       Expenses: Money you spend to buy or do
        something
       Income: Money you earn or receive




         © 2012 The Mullings Group. http://TheMullingsGroup.com
Budgeting
7


     Money will follow the path of least
      resistance
     A budget tells your money where to go

     Unbudgeted money gets squandered


        “Where did all the money go…?”




         © 2012 The Mullings Group. http://TheMullingsGroup.com
Budgeting
8



    The 4 sections of a budget…
    1. Give

    2. Save

    3. Spend

    4. Income




       © 2012 The Mullings Group. http://TheMullingsGroup.com
3 Things to do With Your Money
9



    Money is something generally accepted as a
    medium of exchange or a means of
    payment.
    You can on only do 3 things with money…
    1.   Give it away
    2.   Save it for later (including investing)
    3.   Spend it
         © 2012 The Mullings Group. http://TheMullingsGroup.com
Give
10




           It is better to give than to receive
        Charity
        Church
        Someone in need
                       The Law of the Harvest


          © 2012 The Mullings Group. http://TheMullingsGroup.com
Save
11




        $1000 emergency fund
        3-6 months of living expenses
        College
        Retirement
        Sinking fund*


         © 2012 The Mullings Group. http://TheMullingsGroup.com
Sinking Fund
12




     Sinking fund – money set aside for
     infrequent purchases e.g. car,
     electronic device, etc.


     Stay out of debt by paying cash for your
     purchases.
        © 2012 The Mullings Group. http://TheMullingsGroup.com
Spend
13



        Household
        Transportation
        Personal
        Education
        Blow – money you spend on “whatever”
        Debt – hopefully none


          © 2012 The Mullings Group. http://TheMullingsGroup.com
How to Monitor Your Spending
14


        Use the envelope system
        Sheet 5 in your handout
        http://MyTotalMoneyMakeover.com
        http://Mint.com
        Quicken




          © 2012 The Mullings Group. http://TheMullingsGroup.com
Free Financial Information…
15


        Dave Ramsey@ http://DaveRamsey.com
          All
             handout forms are from
           MyTotalMoneyMakeover.com
        Crown @ http://crown.org




           © 2012 The Mullings Group. http://TheMullingsGroup.com
Invite Us to Teach for You
16


     Call us at 617-299-6871 or email us at
     workshops@themullingsgroup.com to have us
     come teach a workshop for you.




     © 2012 Keno R. Mullings. http://TheMullingsGroup.com
Questions?
17


        Connect:       http://www.linkedin.com/in/kmullings
        Follow:        http://twitter.com/KenoMullings
        Consult:       http://TheMullingsGroup.com
        Learn:         http://TheMullingsUniversity.org
        Discover:      http://StrategicLifePlanSystem.com
        Call:          (617) 299-6871




           © 2012 The Mullings Group. http://TheMullingsGroup.com

More Related Content

Similar to Your Money & You

Cadden_PPT_Ch10 update-1.ppt
Cadden_PPT_Ch10 update-1.pptCadden_PPT_Ch10 update-1.ppt
Cadden_PPT_Ch10 update-1.ppt
ArrianeNisperos1
 
Top funding solutions to meet your company's needs
Top funding solutions to meet your company's needsTop funding solutions to meet your company's needs
Top funding solutions to meet your company's needs
Hero FinCorp
 
Investing basics and beyond
Investing basics and beyondInvesting basics and beyond
Investing basics and beyond
Joseph Hogue
 
Financial Management Insight
Financial Management InsightFinancial Management Insight
Financial Management Insight
Wes Wadkins III, RICP®
 
Financial-Management
Financial-ManagementFinancial-Management
Financial-Management
damonridley
 
What is Bankruptcy
What is BankruptcyWhat is Bankruptcy
What is Bankruptcy
mysimpleaccountant
 
Seven Rules For Financial Success
Seven Rules For Financial SuccessSeven Rules For Financial Success
Seven Rules For Financial Success
Floyd Saunders
 
Ask credit solutions
Ask credit solutionsAsk credit solutions
Ask credit solutions
johnpet123
 
Practical Internal Control Solutions for Nonprofits
Practical Internal Control Solutions for NonprofitsPractical Internal Control Solutions for Nonprofits
Practical Internal Control Solutions for Nonprofits
4Good.org
 
Financial Mastery 101: Getting Your House in Order
Financial Mastery 101: Getting Your House in OrderFinancial Mastery 101: Getting Your House in Order
Financial Mastery 101: Getting Your House in Order
BDPA Education and Technology Foundation
 
Small Business Management Chapter 12 PowerPoint
Small Business Management Chapter 12 PowerPointSmall Business Management Chapter 12 PowerPoint
Small Business Management Chapter 12 PowerPoint
LeahBusby1
 
Credit card UAE
Credit card UAECredit card UAE
Credit card UAE
C4BMortgage
 
Common causes of bankruptcy
Common causes of bankruptcyCommon causes of bankruptcy
Common causes of bankruptcy
AhmedTalaat127
 
BA350 Katz esb 6e_chap014_ppt
BA350 Katz esb 6e_chap014_pptBA350 Katz esb 6e_chap014_ppt
BA350 Katz esb 6e_chap014_ppt
BealCollegeOnline
 
New presentation short
New presentation shortNew presentation short
New presentation short
Brian Fleming
 
NEWYouthLeadershipPowerPoint
NEWYouthLeadershipPowerPointNEWYouthLeadershipPowerPoint
NEWYouthLeadershipPowerPoint
Rachel Reinke
 
Get your business funded
Get your business fundedGet your business funded
Get your business funded
Marc Parham
 
Debt Consolidation Strategies!
Debt Consolidation Strategies!Debt Consolidation Strategies!
Debt Consolidation Strategies!
Richard Curran
 
Monetary system_chapter 4.pptx
Monetary system_chapter 4.pptxMonetary system_chapter 4.pptx
Monetary system_chapter 4.pptx
ssuser3cdfd0
 
Chapter FourteenSmall Business Finance Using Equity, Debt, an.docx
Chapter FourteenSmall Business Finance Using Equity, Debt, an.docxChapter FourteenSmall Business Finance Using Equity, Debt, an.docx
Chapter FourteenSmall Business Finance Using Equity, Debt, an.docx
bartholomeocoombs
 

Similar to Your Money & You (20)

Cadden_PPT_Ch10 update-1.ppt
Cadden_PPT_Ch10 update-1.pptCadden_PPT_Ch10 update-1.ppt
Cadden_PPT_Ch10 update-1.ppt
 
Top funding solutions to meet your company's needs
Top funding solutions to meet your company's needsTop funding solutions to meet your company's needs
Top funding solutions to meet your company's needs
 
Investing basics and beyond
Investing basics and beyondInvesting basics and beyond
Investing basics and beyond
 
Financial Management Insight
Financial Management InsightFinancial Management Insight
Financial Management Insight
 
Financial-Management
Financial-ManagementFinancial-Management
Financial-Management
 
What is Bankruptcy
What is BankruptcyWhat is Bankruptcy
What is Bankruptcy
 
Seven Rules For Financial Success
Seven Rules For Financial SuccessSeven Rules For Financial Success
Seven Rules For Financial Success
 
Ask credit solutions
Ask credit solutionsAsk credit solutions
Ask credit solutions
 
Practical Internal Control Solutions for Nonprofits
Practical Internal Control Solutions for NonprofitsPractical Internal Control Solutions for Nonprofits
Practical Internal Control Solutions for Nonprofits
 
Financial Mastery 101: Getting Your House in Order
Financial Mastery 101: Getting Your House in OrderFinancial Mastery 101: Getting Your House in Order
Financial Mastery 101: Getting Your House in Order
 
Small Business Management Chapter 12 PowerPoint
Small Business Management Chapter 12 PowerPointSmall Business Management Chapter 12 PowerPoint
Small Business Management Chapter 12 PowerPoint
 
Credit card UAE
Credit card UAECredit card UAE
Credit card UAE
 
Common causes of bankruptcy
Common causes of bankruptcyCommon causes of bankruptcy
Common causes of bankruptcy
 
BA350 Katz esb 6e_chap014_ppt
BA350 Katz esb 6e_chap014_pptBA350 Katz esb 6e_chap014_ppt
BA350 Katz esb 6e_chap014_ppt
 
New presentation short
New presentation shortNew presentation short
New presentation short
 
NEWYouthLeadershipPowerPoint
NEWYouthLeadershipPowerPointNEWYouthLeadershipPowerPoint
NEWYouthLeadershipPowerPoint
 
Get your business funded
Get your business fundedGet your business funded
Get your business funded
 
Debt Consolidation Strategies!
Debt Consolidation Strategies!Debt Consolidation Strategies!
Debt Consolidation Strategies!
 
Monetary system_chapter 4.pptx
Monetary system_chapter 4.pptxMonetary system_chapter 4.pptx
Monetary system_chapter 4.pptx
 
Chapter FourteenSmall Business Finance Using Equity, Debt, an.docx
Chapter FourteenSmall Business Finance Using Equity, Debt, an.docxChapter FourteenSmall Business Finance Using Equity, Debt, an.docx
Chapter FourteenSmall Business Finance Using Equity, Debt, an.docx
 

Recently uploaded

Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
AntoniaOwensDetwiler
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
qntjwn68
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
ynfqplhm
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
Falcon Invoice Discounting
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
EasyReports
 
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
5spllj1l
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
Majid Iqbal
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
mayaclinic18
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
alexiusbrian1
 
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptxUnlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
cosmo-soil
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
Colin R. Turner
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
Lawrence101
 
Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest  and how it is calculatedDetailed power point presentation on compound interest  and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
KishanChaudhary23
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
36 Crypto
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
nimaruinazawa258
 
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
Commonwealth
 

Recently uploaded (20)

Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
 
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
1:1制作加拿大麦吉尔大学毕业证硕士学历证书原版一模一样
 
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma TranscriptSouth Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
 
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
 
Fabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio ProblemFabular Frames and the Four Ratio Problem
Fabular Frames and the Four Ratio Problem
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
 
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptxUnlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
 
An Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault worksAn Overview of the Prosocial dHEDGE Vault works
An Overview of the Prosocial dHEDGE Vault works
 
What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessWhat's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightness
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
 
Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest  and how it is calculatedDetailed power point presentation on compound interest  and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
 
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
 

Your Money & You

  • 1. YOUR MONEY & YOU Financial Literacy Basics
  • 2. Outline 2 1. How to Get Out of Debt 2. Budgeting 3. 3 Things to do With Your Money 4. How to Monitor Your Spending © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 3. How to Get Out of Debt 3  A debt is any money you owe  A bill is not a debt - unless it is past due  The borrower is slave to the lender  75% of the 400 richest people in America say that the #1 way to get wealthy is to get out of debt  You need to stop getting deeper into debt now! © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 4. How to Get Out of Debt 4 Credit Collectors…  Know your rights…Google: “1977 Federal Fair Debt Collection Practices Act”  Get your free credit report from all three reporting agencies  e.g. annualcreditreport.com  Dispute all items that are not correct © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 5. How to Get Out of Debt 5 1. Create a budget 2. Track your spending 3. Get current with all your creditors 4. Pay the minimum on all debts 5. Save $1000 for emergencies 6. Payoff debt - No new debt © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 6. Budgeting 6  Budget: A plan for spending or saving money received  Expenses: Money you spend to buy or do something  Income: Money you earn or receive © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 7. Budgeting 7  Money will follow the path of least resistance  A budget tells your money where to go  Unbudgeted money gets squandered “Where did all the money go…?” © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 8. Budgeting 8 The 4 sections of a budget… 1. Give 2. Save 3. Spend 4. Income © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 9. 3 Things to do With Your Money 9 Money is something generally accepted as a medium of exchange or a means of payment. You can on only do 3 things with money… 1. Give it away 2. Save it for later (including investing) 3. Spend it © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 10. Give 10 It is better to give than to receive  Charity  Church  Someone in need The Law of the Harvest © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 11. Save 11  $1000 emergency fund  3-6 months of living expenses  College  Retirement  Sinking fund* © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 12. Sinking Fund 12 Sinking fund – money set aside for infrequent purchases e.g. car, electronic device, etc. Stay out of debt by paying cash for your purchases. © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 13. Spend 13  Household  Transportation  Personal  Education  Blow – money you spend on “whatever”  Debt – hopefully none © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 14. How to Monitor Your Spending 14  Use the envelope system  Sheet 5 in your handout  http://MyTotalMoneyMakeover.com  http://Mint.com  Quicken © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 15. Free Financial Information… 15  Dave Ramsey@ http://DaveRamsey.com  All handout forms are from MyTotalMoneyMakeover.com  Crown @ http://crown.org © 2012 The Mullings Group. http://TheMullingsGroup.com
  • 16. Invite Us to Teach for You 16 Call us at 617-299-6871 or email us at workshops@themullingsgroup.com to have us come teach a workshop for you. © 2012 Keno R. Mullings. http://TheMullingsGroup.com
  • 17. Questions? 17  Connect: http://www.linkedin.com/in/kmullings  Follow: http://twitter.com/KenoMullings  Consult: http://TheMullingsGroup.com  Learn: http://TheMullingsUniversity.org  Discover: http://StrategicLifePlanSystem.com  Call: (617) 299-6871 © 2012 The Mullings Group. http://TheMullingsGroup.com

Editor's Notes

  1. Hello, my name is Keno Mullings and I’m the Managing Director of The Mullings Group.We will not exhaust the topic of money here, but I’ll be successful if I can leave with you a fundamental truths about what to do with your money.Ask class what are there biggest money challenges and what do they expect to learn.
  2. Learn then doWhyWhatHow
  3. If you are far behind with your debt, take care of the basics first
  4. It will probably take 3-4 months to work out a practical budget.
  5. $1,000 Emergency FundPay off all debt using the Debt Snowball3 to 6 months of expenses in savingsInvest 15% of household income into Roth IRAs and pre-tax retirementCollege funding for childrenPay off your house earlyBuild wealth and give!