Money Smart Week: Budgeting 101 - FOX 10 News | fox10phoenix.com

Money Smart Week: Budgeting 101

Posted: Updated:
  • Money Smart WeekMore>>

  • Money Smart Week: Women's financial issues

    Money Smart Week: Women's financial issues

    Friday, April 11 2014 6:10 PM EDT2014-04-11 22:10:07 GMT
    The emotional, cultural, familial, personal and societal issues impacting the financial well-being of women will be addressed at Michigan's Money Smart Week® Women's Conference, 10:00 a.m. on Saturday, April 12, at Detroit Unity Temple.   
    The emotional, cultural, familial, personal and societal issues impacting the financial well-being of women will be addressed at Michigan's Money Smart Week® Women's Conference, 10:00 a.m. on Saturday, April 12, at Detroit Unity Temple.   
  • Money Smart Week wraps up Saturday

    Money Smart Week wraps up Saturday

    Friday, April 11 2014 1:20 PM EDT2014-04-11 17:20:29 GMT
    Fox 2 NewsFox 2 News
    Money Smart Week is a program operated by the Federal Reserve Bank to help people learn about money. There has been about 200 free events throughout the metro area and Fox 2 is a proud media sponsor.
    Money Smart Week is a program operated by the Federal Reserve Bank to help people learn about money. There has been about 200 free events throughout the metro area and Fox 2 is a proud media sponsor.
  • 4 top trending money issues

    4 top trending money issues

    Thursday, April 10 2014 7:22 PM EDT2014-04-10 23:22:15 GMT
    Click to learn more about the four top trending money issues.
    Click to learn more about the four top trending money issues.
The word “budget” often strikes fear in the hearts of many men and women alike. But it doesn’t have to. There are numerous Budgeting “101” presentations taking place around town during Money Smart Week, April 5-12.

What folks attending will learn
1. Why create a budget?  To ensure you are spending your hard earn money on what matters most.
2. How do you create one?  Track your income minus expenses. Use a note pad, excel spreadsheet, internet based tracking - whatever is most comfortable and effective. No. 1 goal: not to spend more than you bring home (i.e. avoid debt).
3. How to stick to a budget? Pay yourself first.  Start saving for retirement by utilizing your employer provided retirement plan.

What are some of the common mistakes people make?
1. Fixed expenses are too high.  Look to minimize long term expenses to adjust to income or lifestyle changes.
2. Simply not saving enough for retirement.  Set yourself up for success by Paying Yourself First.

If your goal is to lose weight, it would be helpful if you were not forced to choose between eating a donut, cheeseburger or the salad with no dressing at each meal.  The same goes for savings - avoid choosing between a vacation, night out on the town, or retirement 5, 10 or 15 years from now.   Invest as much as you can through your employer retirement plan and spend what’s left.

Here are just a few of the remaining budgeting programs during Money Smart Week:

Royal Oak Library 248-246-3715 to RSVP
Wixom Library 248-624-2512 to RSVP
Hazel Park Library 248-546-4095 to RSVP


There are dozens of free, non-commercial financial education events taking place throughout southeast Michigan now through April 12th as part of the Federal Reserve Bank’s national Money Smart Week campaign.  A searchable user-friendly website may be found at www.MoneySmartWeek.org.  Look through all the options, or search by date, topic of interest, county or zip code to find what’s best for you.  

Stay in touch with Money Smart Week on Facebook and “Like” the page.

  • MorningsMorningsMore>>

  • Srodek's in Hamtramck Polish style crepes

    Srodek's in Hamtramck Polish style crepes

    Monday, September 15 2014 1:00 PM EDT2014-09-15 17:00:01 GMT
    Magdalena Srodek from Srodek's in Hamtramck making authentic Polish Style Crepes as we get ready to head into the fall season!
    Magdalena Srodek from Srodek's in Hamtramck making authentic Polish Style Crepes as we get ready to head into the fall season!
  • Pet Connect: Meet Anna

    Pet Connect: Meet Anna

    Monday, September 15 2014 12:11 PM EDT2014-09-15 16:11:29 GMT
     Meet Anna (she also has a sister named Elsa) the newest kitten up for adoption at the Michigan Humane Society.


  • How college students can establish good credit

    How college students can establish good credit

    Monday, September 15 2014 10:01 AM EDT2014-09-15 14:01:45 GMT
    As thousands of young adults start or return to college in the metro Detroit area, it'd's beneficial to review a list of tips to help students establish good credit and get on track to achieve their financial goals in the short and long term.
    As thousands of young adults start or return to college in the metro Detroit area, it'd's beneficial to review a list of tips to help students establish good credit and get on track to achieve their financial goals in the short and long term.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices