Spending and saving are both important components of your money management. We are tempted to buy things we can’t afford. But when you’re trying to save, you need to be able to identify the difference between what you need and what you want. This module highlights the basics of spending and saving wisely.
This module covers:
- the differences between needs and wants
- how to find where you could cut back on non-essential spending
- some tips to help you spend wisely
- the importance of understanding your own financial style, and
- the different types of savings accounts to help you with your savings plan.