Welcome to our Know How Now: Financial Education Series. A simple way to help you increase your financial know-how, manage your money and achieve your goals.
Each easy-to-understand article is based on recommendations for financial literacy from the President’s Advisory Council on Financial Capability. Click below to read one or all of our informative reports.
Also, be sure to check-out our new series, Taking charge: A woman's guide to finance found at the end of this page. Here you can find more information on timely topics that can help today’s woman improve her financial well-being.
Earning and Income
Starting a new job? Or maybe you've noticed items on your paystub that you don't understand (FICA anyone?). Click here for an overview of what all those details mean and if you still have questions, where to get help:
The first step toward achieving your financial goals is gaining a sense of what you currently spend on a monthly and annual basis and setting up a budget — one that suits your lifestyle and allows room for change. To get started, click here:
Saving and Investing
If you haven't already started saving, the sooner you do, the greater your chances of achieving your financial goals, whether they're short-term goals like buying a car or longer-term goals like saving for college tuition or retirement. Check out the links below to see how you can get started on saving or evaluate your saving and investing strategy:
Not all debt is bad—as long as you keep it at a level you can afford and use it to achieve important financial goals. But be careful with your credit card debt and other loans, as they may come with high interest rates and payments that could be hard to handle. Check out the links below to learn more about borrowing wisely and how to take control of personal debt:
Life doesn’t always go according to plan. Your financial plan should focus on managing your money today, as well as saving and investing for tomorrow’s long-term goals. Here are several articles to help you protect your finances against unexpected risks and maintain your financial composure when life throws you a curve:
- Planning for the unexpected
- Life after divorce: Tips for financial security
- Protecting against identity theft
Women have made great strides over the last few decades. But even very successful women still struggle to understand basic finance. Take the mystery (and pain!) out of financial planning by reading Taking charge: A woman's guide to finance:
- Eight things to do before you say I do
- Baby on the way?
- Living in the sandwich generation
- Returning to the workforce
- Prepare for the unexpected: Widowhood
- The financially savvy retiree
- Myths of retirement
- A heart-to-heart about financial fundamentals
- Preparing for divorce: Tips for protecting your financial health
Check back weekly for more easy-to-follow tips and techniques to help you improve your financial well-being.