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Financial Wellness: Personal Finance and Budgeting

Learn how to deal directly with your own personal finances.

Professional consumers deal with an enormous volume of personal, professional, household, and life responsibilities and issues every day. Then add personal finances to that list, things like budgeting, spending plans and tracking expenses, surprise expenses, credit card debt, taxes, retirement, rainy day funds, identity theft, scamming, and more, and it's no wonder we have very little bandwidth left to take the time to deal directly with our own personal finances. Instead, we shift to our automatic default system. We use our old unanalyzed spending habits and trust that all the virtual tools at our disposal will cover those basic financial obligations. We keep our heads above those financial waters as we carry on with the rest of life. It is no wonder the average American debt is over $90,000 according to a 2021 CNBC report, and the U.S. household debt increased 1.9% from the second quarter of 2021 to a new record of $15.24 trillion in November of 2021, as announced by the Federal Reserve Bank of New York. This course is designed to encourage personal change by providing time-tested solid, practical information and tools which can pro-actively be used and immediately applied to any personal and household situation.

59 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction/Three Core Concepts for All Budgets

  • What Is Budgeting? Why Is Managing Money so Hard? Why Would We Even Know How to Budget? Isn't My Handy Tracking App a Budget?
  • Three Core Concepts
    • Monthly Plan (Windshield Approach) Learn How to Spend With Less Guilt and Save With More Ease
    • Tracking Monthly Expenses (Rearview Mirror Approach Where Was It Spent?)
    • Overall Yearly Periodic Picture (Trip Guide of What to Expect Preparing for Surprise Expenses)
  • Factoring in Priorities, Needs and Wants, and Choices

Rainy Day Funds/Variable Incomes

  • How to Handle Variable Income (Sales, Agents, Gig Jobs, etc.)
  • Different Reasons for Saving Money
    • Pay Yourself First Emergency (Rainy Day) Fund
    • Reserve Account Upcoming Anticipated Expenses
    • Dreams and Goals
  • KISS Savings Guidelines

Family Affair/Couples and Money

  • Early Messages Brought to the Marriage
  • Separate or Joint Accounts?
  • Love Chats and Communication With the Family
  • Include Children and Encourage Their Resourcefulness

Getting a Handle on Credit Cards and Debt

  • Should You Have/Keep/Use Credit Cards or Destroy Them All?
  • Paying Down/off Debt
  • How to Determine Limits on Each Credit Card

Your Credit Scores, Credit Checks, and Identity Theft

  • Five Aspects of a Credit Report
  • Three Agencies: Transunion, Equifax, and Experian
  • Vigilance for Scams and Identity Theft - Freeze Accounts - Set up Alerts
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More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 22, 2022.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Judy Lawrence, MS.Ed.

Judy Lawrence, MS.Ed.

Money Tracker

  • Founder of www.MoneyTracker.com, established in 1996
  • Financial coach/counselor/accountability partner coaching practice
  • Practice focus is in the personal consumer finance industry; other related work areas include speaker/trainer, career counselor, marketing director, focus groups, onsite sales and support executive, realtor, and Navajo Reservation BIA school counselor
  • Developed and presented a 3-month financial literacy training program for Albuquerque Habitat for Humanity Families
  • Presented money management workshops to employees of Santa Clara County in Silicon Valley in preparation for upcoming layoffs
  • Created online 7-week “Budgeting Without Tears” course
  • Guest on national TV and radio programs over decades discussing personal finance
  • Webinar trainer on consumer finance topics nationwide for Balancing Life Issues (BLI) EAP clients
  • Author of “The Budget Kit: Common Cents Complete Money Management Workbook 6th Ed.”, currently published by Kaplan Publishing; “Money Tracker: Find the CASH to Get What You Really Want;” co-author of “Magic Miracles and Synchronicity: A Journal of Gratitude and Awareness;” “What Can Nature Teach You about Money” blog; and contributing author to various books, websites, and MoneyTracker.com
  • Previous board member of Albuquerque Habitat for Humanity, National AFCPE® (Association for Financial Counseling & Planning Education® ), and Albuquerque Consumer Credit Counseling
  • Master’s degree in counseling, University of Wisconsin-Oshkosh
  • Can be contacted at [email protected], 505-554-2638, or 408-529-6474
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More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408724
Published 2022
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