The basics of personal finance & money management

Learn how to build an effective foundation for your financial strategy so you can reach your goals.

When it comes to finance – as with most things – you have to learn to walk before you can run. So before you can use credit effectively, manage debt, and achieve your long-term financial goals, you have to learn how to build a strong financial foundation that you can build on.

In the past, budgeting and basic money management could be time-consuming and even frustrating. But today’s technology has made it easier than ever to know where you money is and where it’s going so you can craft effective strategies. At the same time though, you need a basic level of knowledge to make these new tools work for you.

With that in mind, the resources below can help you build a basic understanding of personal finance and money management. We explain the hows and whys of things like budgeting and daily finance so you can develop an effective plan that supports your goals.

How to create a budget

Learn the basics of building an effective budget that you can use daily to avoid problems with debt and reach your financial goals. We’ll explain how to define your income, divide up your monthly expenses, categorize daily transactions, and set spending targets that help you rightsize your financial outlook.

What not to do when building a budget

Aside from what you need to do to build an effective budget, there are also certain things you need to avoid if you want to be successful. Knowing these budget don’ts helps you stay focused and avoid the common budget traps that can leave you frustrated so you can stay motivated.