As you think about your future, you may have items you want to own and accomplishments that you want to achieve. These life goals often require time and money. By planning your future, you can make better decisions to help you achieve your goals.
One of the most important parts of financial planning and goal setting is learning how to spend money wisely. To do so, your primary goal should be to spend money based on your needs first, and then take care of your wants. Understanding the difference between what is needed and wanted helps you prioritize spending and keeps you on the path to achieving your long-term financial goals.
YOUR HOW TO GUIDE
There are 10 interactive activities, which are setup to help you practice the money concepts you've learned so far in the Your Money Matters! student resource. Before you play any of the activities, we suggest that you review the "ACTIVITY INSTRUCTIONS" for each activity.
MO MONEY PROFILE (CASE STUDY) Once you've read the instructions, review the Mo Money Profile and practice each financial concept using Mo's profile as a guide. YOUR TURN! After you've practiced building a Life Plan for Mo Money, try it out yourself based on your own life goals.