Saturday, May 2, 2009

Managing your Finances

I discovered a very good website created by a BYU Marriott school professor. The website states, "this project is one of our many efforts to increase financial literacy and self reliance of our own students as well as families and friends outside the University."

This website has 8 basic lessons that follow the church's pamplet "All Safely Gathered In" with the following topics:

1. Understanding Wealth
2. Setting Goals
3. Understanding and Eliminating Debt
4. Planning your Spending: A One Year Plan
5. Planning Your Spending: A One Month Plan
6. Building a Reserve and Avoiding Scams
7. Learning to Give: Tithes and Offerings
8. Teaching your Children Financial Responsibility

There are also other different spreadsheets that you can access to do things like setting up a budget, planning for retirement, paying off debt, among many other things.

Here is the website:
http://personalfinance.byu.edu/