Financial Management and Economic Well-Being

Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish yours and your family's objectives. The overall goal of this program is to provide Miami-Dade County residents with practical and objective information which can help families and individuals plan their financial future and reach their goals. Specific emphasis includes helping youth and adults to:

• Develop spending and saving plans
• Manage credit, reduce debt and pay bills on time
• Learn to evaluate alternatives and avoid frauds in the marketplace
• Learn effective consumer and shopping skills

Personal Financial Management Updates/News

Important Topics of Personal Financial Management

Understanding Your Finances 

• Building a Spending Plan series 
  The basic of your expenses on how to identify your expenses and the different types you have.
  • Building a Spending Plan: Step 1—What Are Your Goals?
  • Building a Spending Plan: Step 2—Where Is Your Money Going?
  • Building a Spending Plan: Step 3—How Much Is Your Total Income?
  • Building a Spending Plan: Step 4—How Much Are Your Fixed and Flexible Expenses?
  • Building a Spending Plan: Step 5—Are You Living On What You Make?
  • Building a Spending Plan: Step 6—Sticking to Your Plan
  • Building a Spending Plan: All Six Steps
• Controlling Expenses 
  This article will help you learn and understand how to control your current expenses.
• Financial Security: Managing your Money in Tough Times
  In this series of articles, Extension helps you understand how to survive difficult financial times.

Retirement

• Retirement Need Analysis: How Much of My Current Income Will I Need for Retirement? 
  Basic information on planning for retirement.
• Individual Retirement Account (IRA) 
  The basics of what are IRAs what the types of retirement accounts are avilable to use.