Lesson
Welcome to Getting Started, part 2 of the Finance Your Detour Program! In this section, we are going to start taking small steps to start building the foundation for financial success.
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Activities
The following activities will help you apply the strategies we discussed in the Getting Starting video lesson. Completing these worksheets will also help you when you get to the next step in the program.
There are 3 worksheets for you to complete. You can find them in the resources/downloads section below.
Fixed Expenses Worksheet
Complete the Fixed Expenses Worksheet to determine your total monthly fixed expenses. Be sure to include everything. Also, if you pay for things quarterly i.e. insurance, divide that cost by the right amount of months and use that in your fixed expenses. For example, if you pay your car insurance quarterly, divide the insurance total by 4 and use that on the fixed expenses sheet.
Debt Worksheet
Use the Debt Worksheet to identify all of your debt and put it in one place. Capture everything with this worksheet i.e. mortgage, credit cards, student loans etc. Then, organize the debt by which items have the lowest balance.
Debt Elimination Challenge
Take the challenge! Try to eliminate some of your expenses in order to reallocate your money and help you reach the goals you set for yourself in the Money Matters section!
Resources/Downloads
