Why consider learning personal money management skills?
What is personal money management? It is simply using your personal resources in a manner that allows you to make positive choices in how you live your lifewith a goal in mind.
One of the most important and basic skills an individual can develop is how to communicate with parents and partners about money values and goals. Consider the following statements: One of the major challenges facing individuals and couples is managing money. National statistics show that as many as 70 percent of divorcing couples attribute the breakdown of their marriage to arguments about money. New national bankruptcy laws are harsher and more demanding of payment than forgiveness of debt. Poor credit limits your opportunities and choices in life. It may also limit your ability to work in particular career choices. Learning to manage your money is a serious matter that deserves your mature, wise consideration.
Good money management skills allow opportunities to:
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Gain important knowledge about yourself by examining your value system.
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Learn that you get to make the choices that make your life what you want it to be.
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Learn new ways to save money to buy a car, or computer, or take a trip.
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Learn how to protect yourself against personal and financial loss.
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Develop an I quit' fund that allows you to quit a job you don't like.
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Learn what credit' really means.
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Learn how to protect your identity.
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Learn the best way to avoid interest charges.
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Learn the best ways to increase your assets.
Good personal money management gives you the power to live your life with choices you've made in a positive, fulfilling way. It impacts your lives in ways you have yet to realize!
If you need individual help in working through your personal money management plan, please do not hesitate to contact Pam Stimpert at extension 5914, office 310 Founders Hall. We will be adding links to money management tools and information as we continue to build this site. Suggestions and questions are welcomed. Email contact is pstimper@ashland.edu.
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Personal Money Management tools are abundant on the internet. Many are free and are developed as a public service. We do not recommend that you use sites that require you pay for these services.
The following link: So many questions! will help you find some of these resources.