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