Fiscal Fitness© Rules

What Others Have Said Fiscal Fitness Rules/Contracts , Budgets for Teens Fiscal Fitness Rules,  FAQs on CYK and FF

The Clothing Contract, The Global Budget Contract, The Safe Driving Contract, The Contract for Car Ownership

Here are the Rules detailed in our course.


Fiscal Fitness Rule #1. A rich life is a life of freedom to make your own choices.  Our materialistic society tempts you to get stuck on money, and life is about more than that.
Fiscal Fitness Rule #2. We all need to plan our lives. Write down your plans. Save them.
Fiscal Fitness Rule # 3. Learn to solve money problems. To learn control over financial affairs, you need to have a chance to solve your own problems by yourself, and understand the steps you went through to create those solutions.
Fiscal Fitness Rule # 4. Always track your expenses.  Understanding money means understanding first how your own money comes in and how it goes out. That means you have to learn to plan. The best way to start effective planning is by tracking your own expenses.
Fiscal Fitness Rule #5. Are you gaining or losing? Always know, each month whether you are on track towards your plans or if you lost ground. Make a plan on how to catch up if you lost ground. Try to make a goal of always spending less than you take in.
Fiscal Fitness Rule # 6. Pay yourself first.  Always save 10% every month.  Live on the rest.
Fiscal Fitness Rule # 7. Make money work for you. Do not be a borrower. “Know the spread”.
Fiscal Fitness Rule 8. Have a rainy day fund for at least 3 months of living expenses.

Fiscal Fitness Rule #9. In all transactions involving money, write down and know the details.

Fiscal Fitness Rule # 10.  Give something away.  It's a great secret.  Happiness comes from being free to share some of what you have.  Don't lose touch with that freedom.

 

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Contracts
The Clothing Contract
The Global Budget Contract
The Safe Driving Contract
The Contract for Car Ownership
"Capitate Your Kids... is by far the best 'kids and money' product I've come across."
FROM THE FORWARD
BY BOB POTTER
Former host of NPR's
Sound Money


 

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Fiscal Fitness The next generation of learning about money
 

Comments: jwhit@wi.rr.com

Last updated 02/13/2005