- Another Perspective on Wealth
- Setting Personal Goals
- Understanding and Managing Credit
- Introduction
- Learn About Credit Bureaus, Credit Reports, and Credit Scores
- Identify Appropriate Uses for Credit Cards and Explain How They Can Help You Achieve Your Financial Goals
- Learn How Credit Cards Work and Describe the Costs Involved
- Learn How to Manage Credit Cards and Open Credit
- Summary
- Assignments
- Conclusions 1: Learning to Give
- Conclusions 2: Decide to Decide
4. Control Your Spending
Part of controlling your spending is committing to always live on less than you earn. If you have problems living on less than you earn, cut up your credit cards. If nothing else works, use the envelope method of budgeting. The envelope method involves placing money for each budget category in an envelope. When the cash in the envelope for a particular budget category is gone, you have nothing more to spend in that category.
