Sheila Atienza - Savings Mix: How to Manage Money and Create Strategies to Achieve Savings and Goals

Saving money is a creative process. So, where do you begin? How do you make money work for you? Are you curious or conscious of how your values can shape your ability to plan, save, spend and invest? How do you take charge, apply strategies and take actions?

In this book, Savings Mix: How to Manage Money and Create Strategies to Achieve Savings and Goals, we explore the money management fundamentals necessary to build and achieve a healthy personal financial lifestyle. This book can best be used as a beginner's guide to personal finance. You will l earn the art of managing and saving money; and how the process can practically work for you.

This book has seven chapters. Chapter One introduces us to the world of personal finance. Chapter Two explores money, credit, and debt. Chapter Three discusses money management. Chapter Four explores topics in creating a strategic approach. Chapter Five discusses achieving savings and goals. Chapter Six and Chapter Seven, respectively, explore creating a healthy savings mix and investment mix.

In Chapter One, Personal Finance, Lifestyle, and Basic Decisions: An Overview, we touch on:

• The World That We Live In
• What Does Being Wealthy Mean to You?
• Personal Finance: Understanding and Analyzing Your Personal Financial Choices, Decisions and Actions
• Personal Finance: Taking Charge, Planning, and Taking Actions

In Chapter Two, Money, Credit, and Debt, we cover the following:

• What Money Means to People
• What is Debt and Why We Accumulate Debts?
• Are All Debts Bad?
• Borrowing and Spending
• Debt, Debtor, Creditor
• Why People Borrow Money
• More Expenses, More Borrowing
• What is Credit and Do We Need It?
• Understanding Your Credit Worthiness
• Credit Rating, Credit Report
• Should You Apply for Credit?
• Working On Your Credit Rating
• How to Improve Credit Rating
• How Do You Know If You Are in Debt Trouble?

In Chapter Three, Why Money Management is Essential, we cover the following:

• What is Personal Money Management?
• Why Personal Money Management is Essential
• Understanding and Using Financial Resources
• Knowing that You Can Control Your Finances
• Achieving a Sense of Financial Independence
• Achieving Better Relationships and Other Personal Rewards
• Needs versus Wants
• What Are Your Financial Priorities?

In Chapter Four, Planning and Managing Money: Creating A Strategic Approach, we cover the following:

• PHASE 1: Where are you at this point? Understand your personal financial position
• PHASE 2: What are your financial needs and goals: Know how you can accomplish your goals
• PHASE 3: What financial strategies or options do you have?
• PHASE 4: Assess your options. Are these feasible?
• PHASE 5: Develop, Write and Execute Your Financial Action Plan
• PHASE 6: Evaluate, Adjust and Rework Your Action Plan

In Chapter Five, Achieving Savings Goals, we cover the following:

• Personal Thoughts about Money
• Determining your Money Habits and Lifestyle
• Embracing Change, New Habits and Skills
• Challenges with Saving Money
• Finding Answers to Important Questions about Saving Money
• How Will You Save Money
• Saving Money is a Creative Process
• Pay Yourself First
• Your Financial Goal and Savings Plan
• When Will You Begin Saving?
• Decide Where to Save Money
• Making Money Work for You
• Have You Heard About the Rule of 72?
• Saving Money versus Investing Money
• How Values Shape Your Planning to Save and Spend

In Chapter Six, Creating a Healthy Savings Mix, we cover the following topics:

• Creating a Healthy Savings Mix: What Are You Saving For?
• Creating a Healthy Savings Mix: Making Your SMART Goal
• How Do You Know You Are Achieving Your Goal?
• Can You Attain Your Goals?
• Self-Image, Confidence and Opportunities
• Do You Find Your Goal Reasonable, Relevant and Realistic?
• Does Your Goal Have a Deadline?
• What Are You Saving For?

And finally, in Chapter Seven, Creating Your Investment Mix as a Beginning Investor, we cover the following topics:

• Where to Put Your Money
• A Whole New Journey
• Savings Account
• Investment Mix and Diversification
• Should You Do Stock Investing
• Mutual Funds
• Exchange Traded Funds
• Robo-advisor
• Conclusion

Chapter One

• The World That We Live In
• What Does Being Wealthy Mean to You?
• Personal Finance: Understanding and Analyzing Your Personal Financial Choices, Decisions and Actions