Managing bills
Plan for due dates and regular payments.
Elite Financial Wellness Academy
Money Matters
Small Steps. Stronger Futures.
Simple lessons for making a plan with the money you have.
Episode 01 · Written lesson available
Where Does My Money Go?
Start with income, monthly expenses and the things you need. Then make a plan for what is left.
Video and audio are in development.
Truth will narrate this lesson. His recording will be added later, with captions for the video and an audio-only option. There is no finished recording to play yet.
“I’m Truth, and today we’re going to get to the truth about something that affects just about everybody: our money.”
1. Know what comes in.
Income is money you receive. Add the take-home pay, Social Security, disability payments or other cash you expect in the month.
2. Write down what goes out.
Include rent, lights, water, groceries, transportation, phone, medicine and smaller purchases. Use amounts that fit your own household.
3. Look at what you need.
Think about housing, food, utilities, medicine and transportation for work or important appointments. A budget is a plan, not a punishment.
4. Give the money left a job.
Income minus expenses shows what remains. You might plan for an upcoming bill, an unexpected cost or a savings goal.
5. Ask for support when the numbers do not fit.
If expenses are higher than income, ask your care manager or a trusted person to review the plan with you. Community assistance depends on the program and available support.
Future lessons · Planned
More small steps ahead.
Budgeting on a fixed income
Make a monthly plan with predictable income.
Emergency savings
Prepare for costs you did not expect.
Ready for your own place
Think about rent, deposits and household costs.
These future lessons have not been produced yet.