When you stop and think about it, most of us have at least one financial goal. For some, it may be saving for a house or college. Others may be focused on paying down debt and boosting their credit score. And some people may want to learn more about sticking to a budget.
There’s no better time to think about personal financial goals than during Money Smart Week Wisconsin from April 22-29. Many University of Wisconsin-Extension offices and partner organizations offer a range of financial education seminars, workshops, displays and more at various locations statewide. Interested individuals can find Money Smart Week events in their area online at moneysmartweek.org.
“Money Smart Week was first started in 2001 to focus our attention on our financial goals and habits,” states Peggy Olive, Financial Capability Specialist with UW-Extension/UW-Madison. “Of course, we’re all dealing with money every day, but setting aside a little time once a year to revisit and tweak our financial habits can have a lasting impact year round.”
UW-Extension has online resources to assist with managing money, dealing with debt, and making progress toward goals. The website fyi.uwex.edu/money links to reliable resources for budgeting, boosting credit scores, dealing with unexpected expenses, saving for college, and renting that first apartment.
“Research tells us that people with less financial stress and greater well-being have a few things in common,” shares Olive. “These individuals have a handle on their daily spending habits, have a plan for emergencies, are making progress towards goals, and plan their spending to include some of life’s wants and little extras.”
Parents do well to remember their important role of teaching their children about money habits. Its never too early to get “money smart.” Get tips and resources for talking to young children about developing good money habits at http://www.consumerfinance.gov/educational-resources/money-as-you-grow/
With a bit of time and know-how, individuals and families can set up a plan for their financial well-being that works for their own budget and lifestyle. For more information on financial management and financial goal-setting for families, contact Mary Wood, at 608-685-6252 or 715-672-5214 or email firstname.lastname@example.org