Financial Basics

Money management is a life skill. Whether you're buying your first car, saving for a downpayment on a home or putting money away for retirement, the goal is to make good decisions and steer clear of financial moves that do more harm than good.

The tools and resources in this section will help you with the basics of saving, spending and planning for a bright financial future.

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Are You Savings Ready?

If you're not, don't despair. The first step is easy—set a goal. People with a written goal save twice as much money as those without one.

Man at Computer

Action Plan: Track Your Spending

The first step to getting your finances on track is to know where your money is going. But that isn’t always obvious. You may be surprised by how much money you spend on small items—like food and transportation—when you add up your out-of-pocket costs.