How To Manage Your Finances And Save Money

Make A Budget

A budget is a plan you make on how you are going to spend a set amount over a period of time. For example, how do you plan to spend your 2 week salary for the 2 weeks? You can find information about budgeting at and use the spreadsheet (PDF, Download Adobe Reader) to make a budget plan.

Search For The Best Deal

One of the best ways to save money is to look for the best ways on how you spend money such as buying items at best price, taking advantage of discounts and coupons. You can visit’s spending tips for ideas. Aside from the budget plan, you can also make a saving plan and find tips on saving at


For long term goals such as college funds or retirement funds, you should invest your money. To be an informed investor, the U.S. Securities and Exchange Commission can help you.

Hire A Financial Professional

A professional does not necessarily means that this person is automatically licensed. A financial professional can have multiple titles and are experienced in investments, insurance products and financial planning. Before you hire someone, make sure you understand the person’s titles and licenses including their background such as education, work experiences and their ethical requirements. Here are a few more questions you need to ask before hiring a financial professional:

  • Does this person have similar experiences with regards to your circumstances?
  • Is the person licensed? You can check on this personally by contacting your state securities regulator by consulting the North American Securities Administrators Association. They can provide you with information regarding the financial professional you wish to hire.
  • Does this person have bad records with regulators or disputes with previous investors? You can call your local regulator or the SEC regarding his matter. You can also use FINRA’s BrokerCheck tool if you want to review licensing, employment and disciplinary information regarding the financial professional.
  • Ask about the fees that you might incur in your account.
  • For more information when choosing a financial professional, you can refer to these resources:

If you want to check on the person’s background and want to know more about latest fraud schemes, you can visit the Commodity Futures Trading Commission’s (CFTC’s) SmartCheck, for further information or complaints you can contact the CFTC.

For information regarding professional designation, the Financial Industry Regulatory Authority can be contacted.

For further information on saving and investing, the North American Securities Administrators Association and the National Future Association can help.