Financial Goals

We Teach Real Financial Topics for Real People

Financial Literacy can help you or your students save up for a major purchase. In a few simple steps, you can reach your savings goal and feel good about achieving something.

Determine your Goals and Develop a Savings Plan

• Decide what it is you want to save up for, and be specific. (IPOD, new car, computer, college, etc.)
• Do research into price and quality to make sure you are getting what you want.
• Write down the amount you will need to save. (include tax, insurance, etc.)
• Do a Budget to determine how much you can save each week or month, after all your expenses. (Be Realistic!)
• Calculate how many weeks or months it will take you to reach your savings goal.
• Stick to your plan and reach your goal!

From the Classroom to Real Life

• Banks and Banking
• Credit and Debit Cards
• Auto and Mortgage Lending
• Payday Loans and Other High Interest Loans
• Managing Budgets and Debts
• Credit Reports and Scores
  
• Investing and Retirement
• The Time Value of Money

Did You Know?

• NM Payday Lenders are currently allowed to charge 400% interest.
• Credit is a product – you can and should shop around for the best deal!
  
• Credit Unions or Banks can offer better interest rates than dealerships.
  
• You are allowed a free credit report each year – and you should get one!
• Start saving now, and you’ll be surprised how much your money will grow.
• Start having good financial habits now – it can change your future.