Part of the Division of Student Affairs

Financial Literacy: Money Management

financial literacy

 

 

 

 

 

Following a budget is key to reducing financial stress

  1. Track your spending for two to four weeks to find out where your money is going. Use this information to complete your budget worksheet.
  2. Map out a budget by listing your sources of income as well as expenses. Use the chart below.
  3. Examine your budget. Review your budget and consider.

How can you add to your resources? This may mean getting a part-time job, asking family for help, etc.

What expenses can be eliminated? Unfortunately, you may not be able to do everything you want. Are there some things you consider necessities that may really be luxuries? What things can you do less frequently? Are there little things you buy each day (e.g., a latte) that add up? Can you cut back on these?

Credit Cards

Being smart about credit means acknowledging that credit cards are not free money. They are high interest loans.

If credit cards are a problem for you, you can...

  • Consider a debit card instead, so you only spend money that you really have.
  • Use credit cards sparingly, not for small purchases. Otherwise you may be paying interest on minor items - soft drinks, magazines, etc.
  • Ask for your credit limit (potential debt) to be lowered. Companies will try boost up your credit lines so you spend more. Tell them "no" each time.
  • Avoid applying for a card just to get a free gift.
  • Research before choosing a card.
  • Pay your bills on time. Try to avoid carrying a balance.

 

Here is a money organizer you can use to track your expenses!

  • INCOME

    WEEKLY

    MONTHLY

    SEMESTERLY

    Income

    Allowances

    Earnings from a job

    Cash gifts and rewards

    Grants, loans and scholarships

    Other

    TOTAL INCOME

    EXPENSES - How much money do you spend?

    EXPENSE

    WEEKLY

    MONTHLY

    SEMESTERLY

    Housing

    Utilities

    Food

    Tuition, fees

    Text Books

    Transportation

    Clothing, personal care

    Medical and health

    Recreation/entertainment

    Church contributions

    Savings

    Gifts

    Credit card debt

    *Other

    TOTAL EXPENSES

    TOTAL INCOME - TOTAL EXPENSES = BALANCE


Fly 4 Partnership

Temple Graduates

http://admissions.temple.edu/cost-and-aid/fly-in-4

Financial Literacy classes offered at Temple University

A one-credit freshman seminar on financial literacy, taught by the Temple Bursar’s Office, will debut in the fall. Two other courses — “Inve$ting for the Future,” taught by finance Professor Jonathan A. Scott, and another class pending final approval — would fulfill the four-credit Quantitative Literacy requirement of the university’s General Education Program.

Finance courses offered to Finance majors:

Subject

Course #

Course Title

Hours

Attribute

Finance

3504

Intermediate Corporate Finance

3

Finance

3507

Investments

3

Finance

3551^

International Finance

3

Finance

3596^^
or
4596^^^

Owl Fund Seminar II
or
Seminar in Financial Management

3

WI

Select two of the following:

6

Finance

3505

Management of Financial Institutions

Finance

3506

Derivatives & Financial Risk Management

Finance

3508

Money & Fixed Income Markets

Finance

3509*

Real Estate Investment & Finance

Finance

3512

Financial Modeling

Finance

3513

Financial Statement Analysis

Finance

3571**

Owl Fund Seminar I

Finance

3581

Field Experience in Finance

Subtotal

18