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What is Money Management?

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Money management is a process that includes several steps: determining your monthly and annual income; calculating your monthly bills; calculating hidden expenses such as seasonal expenses and emergencies; setting your financial goals; and balancing your expenses to be able to reach those goals.
 
Consumer Retirement Plan Information External link opens in a new window Review retirement and 401K plan information.

Social Security Information External link opens in a new window Visit the official website for social security information.

Money Management Calculators External link opens in a new window Select from many calculators made available from FundAdvice.com.

The Hidden Expense Calculator External link opens in a new window
– will help you to calculate your annual and monthly expenses.

Monthly Cash Flow Calculator External link opens in a new window – will help you to calculate your total income each month and your total expenses for each month.

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Money Management Resources

Money management for an individual or a family can be the key to their success.
The following sites will help you in managing your finances:

 

 

Local/State Information

Get Local Information

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Need help in Managing and Budgeting Your Money for the Future?

Then take a look at these Financial Calculators that will assist you in determining what it takes to save for college, buy a car, reduce your spending rate, and understand what that interest rate is all about on your credit card.

To find out more on how you can better manage your savings and finances, visit the University of Illinois Consumer and Family Economics Financial Calculator External link opens in a new windowwebsite.

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