LifeSmarts is a program of the National Consumers League
BRINGS YOU-
10 THINGS YOU NEED TO KNOW
ABOUT MONEY BEFORE YOU LEAVE HOME
10
INDEPENDENCE MEANSYOU PAY
YOUR OWN WAY
5
Independence is more than not living with your parents.
6
Establishing your own home takes planning, time and savings.
9
KNOW HOWTO PROTECT YOUR
FINANCIAL IDENTITY
8
Shop smart when purchasing online.
9
Understand and beware ofonline fraud.
10
Check your credit report on a regular basis.
8
TRACK YOUR CASH FLOW
12
Cash flow is a picture of your spending—where does money really go?
13
Curb undisciplined spending.
7
CONTROL YOUR DEBIT CARD
15
Record spending as you go.
16
Check your bank balance frequently.
6
MANAGE YOUR RISK
18
Control risk by planning.
19
Avoid risk.
20
Reduce risk.
21
Transfer risk.
22
Assume risk.
5
PLAN FOR THE UNEXPECTED
24
Create a strategy.
25
Plan for the inevitable.
4
BUDGETS ARE FOR EVERYONE
27
A budget helps you reach financial and personal goals.
28
Estimating expenses helps control spending.
3
NEEDS AND WANTS ARE DIFFERENT.
30
Pay for needs first.
31
Defer impulse spending.
32
Budget for “wants.”
2
BEING RESPONSIBLE WITH MONEY
IS HARD WORK
34
It is always more fun in the moment to spend instead of save.
35
Saving for the future takes discipline.
36
Money is linked to emotion.
1
WHAT YOU OWN IS NOT
WHO YOU ARE
38
Advertising works.
39
Few purchases givelong-lasting valueor satisfaction.
40
Find pleasure in thingsthat don’t requirespending money.
“PERSONAL FINANCE IS
MORE PERSONAL THAN IT IS
FINANCE: IT IS MORE
BEHAVIOR THAN IT IS
MATH.” DAVE
RAMSEY
LifeSmarts
• An educational program teaching teens and tweens important real-life knowledge
• A competition – students compete online and in-person • A teaching toolbox. Check out our resources• An opportunity for students to gain leadership skills, and
fulfill community service requirements• A chance to develop strong partnerships with national