Building Wealth
IN THIS LESSON
A family can transform their finances by gaining more knowledge.
ISet Financial Goals:
Define your short-term and long-term financial goals, such as paying off debt, saving for a down payment on a home, or retirement.
Create a Budget:
Track your income and expenses to understand where your money is going. Use budgeting tools, apps, or spreadsheets to help you stay on track.
Save Regularly:
Prioritize saving, even small amounts, to build an emergency fund and achieve your long-term goals.
Manage Debt:
Pay off high-interest debt (like credit cards) first to reduce your overall debt burden and interest payments.