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Living Off Your Paycheck

Living Off Your Paycheck. The Psychology of Money Goal Setting Credit and debt Meat vs. Gravy Tips for saving Budgeting. Objectives. Ask yourself these tough questions: What does money mean to you? What did money mean to you? What do you need to do in order to change your behavior?

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Living Off Your Paycheck

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  1. Living Off Your Paycheck

  2. The Psychology of Money Goal Setting Credit and debt Meat vs. Gravy Tips for saving Budgeting Objectives

  3. Ask yourself these tough questions: What does money mean to you? What did money mean to you? What do you need to do in order to change your behavior? What is your “latte factor?” How motivated are you to change your money belief system? Psychology of Money

  4. “Learned Optimism” 21 Day Rule Motivation Necessity Reality Check Role-Model Become a Learner Change Your Behaviors

  5. Savings House Car College Retirement Goal Setting

  6. What percent of you average annual gross salary do you need to retire on? What do you want your retirement to look like? What lifestyle compromises are you willing to make? Goals for Retirement

  7. Credit Card Balances Pros and Cons of Credit Cards Cash New Rules of Owning a Credit Card How do Credit Card affect your FICO Scores Opening credit cards for your children Credit Cards

  8. Meat vs. Gravy

  9. For you and your family Turning lights off Not going out to eat Not ordering food in Shopping at various grocery stores Buy clothes that do not require dry cleaning Change your gift giving habits…maybe gifts of trade instead (include dog walking, baby sitting, cleaning out closets) Take advantage of library, free movies and all discounts possible Tips for Saving Money

  10. Budgeting • 10% Retirement • IRA/401K • Minimum… what else can you do? • 10% Gravy • Vacation • Gifts • Eating out • 70% of Gross Salary • “Meat” • 10% Cash • Available at the end of the day • Savings account • Credit union • ING Direct

  11. Motivation “From pennies we get broke and from pennies we get rich.”

  12. The Automatic Millionaire……David Bach The Wealthy Barber…………David Chilton Money magazine www.ingdirect.com www.bankrate.com www.Mint.com www.Learnvest.com Resources

  13. eSlide - P4065 - WorkLife4You Finance Web Service Credit & Debt Library Personal Finance Library Interactive CalculatorsSavings Amount, Savings Rate, Spending Rate, Credit Card Repayment, Major Purchase Savings, Retirement Funding, Retirement Savings HTML Articles Related Web Sites Audio Tips and PodcastsBudgeting Basics On Demand WebinarsOvercoming Debt, Planning Your Financial Future, Retirement & Estate Planning, Basics of Investment WorkLife4You GuidesPersonal Budgeting Worksheet, 66 Ways to Save Money, Knee Deep in Debt, Building a Better Credit Report, Choosing and Using Credit Cards WorkLife4You Resources WorkLife4You web site www.WorkLife4You.com

  14. Let WorkLife4You Make Your Life a Little Easier! Contact WorkLife4You 24/7: 1-877-WL4-NOAA (1-877-954-6622) (TTY 800-873-1322) http://www.worklife4you.com Look for the “Already a member?” box — Not a member yet? Follow the “Register” link and enter Registration Code: NOAA 14 14

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