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Have Hope: Money Management Strategies for Life Cindy M. Petersen University of Minnesota Extension Educator -- Family

. What is your best strategy for managing money?. Workshop Purpose. Participants will:Become familiar with six strategies for managing money.Apply strategies to personal

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Have Hope: Money Management Strategies for Life Cindy M. Petersen University of Minnesota Extension Educator -- Family

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    1. Have Hope: Money Management Strategies for Life Cindy M. Petersen University of Minnesota Extension Educator -- Family Resource Management MN Community Action Reunion and Training Conference, Duluth, MN September 27, 2011

    2. What is your best strategy for managing money?

    3. Workshop Purpose Participants will: Become familiar with six strategies for managing money. Apply strategies to personal & work situation. Consider how “new normal” economic strategies apply to personal and work situations. Make connections with reliable resources to build long term financial capability

    4. Six Strategies for Managing Money Set goals. Plan spending & saving. Be aware of new credit rules. Spend wisely. Pay off debt. Use reliable resources. Reference: Dollar Works 2 Action Page 4-1 Managing a Spending Plan

    5. Recent Crises Recession/Shrinking economy (GDP) Collapsed and merged investment banks Bank failures and government takeovers Mortgage defaults and high foreclosure rates Declining home values Increased costs for basics like food and utilities High unemployment rates Bear market/ stock market volatility

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