Citi Money Management 101
Citi Money Management 101
Citi Money Management 101
November 2022
November 2022
OVERVIEW
INTRODUCTION TO PERSONAL FINANCE
Chapter 1: Budgeting
Chapter 2: Saving
is a budget? A budget gives you a clear plan to live within your means,
not overspend and achieve goals.
• Following your budget can help you better understand the sacrifices needed to meet a
goal and clarify how much it really means to you.
15 16 17 18 19 20 21
22 23 24 25 26 27 28
SAVINGS $5 $10 $5 $5
Saving your money now will help you with two things:
• Security – Helps you take care of financial obligations.
• Financial Freedom – Helps you live the life you want.
allow you c
Scarcity mindset
• Believing there's never enough money or that if there’s enough, you’re not
deserving of it.
allow you c
• Desiring more money but feeling frustrated because you don't know how to
attract or create it.
• Lacking confidence in your decisions about saving and spending.
Abundance mindset
• Believing you have the exact amount of money you need.
• Feeling you can earn the money you need.
• Being confident in the decisions and choices you make with your money.
CHAPTER 2: SAVING
• Ability to auto pay your bills – removes the need to manually pay bills,
establishing on-time payments.
• Strive to set aside money each month. Ideally, your goal is to be able to
cover your basic living expenses for at least 3 months.
• Decide what’s important for you and your savings goals and go for it.
Figuring out what works for your income, lifestyle and mindset is key for
success.
CHAPTER 2: SAVING
So what’s credit?
Let’s start with the basics
At its core, credit is borrowed money.
A lender, card issuer, bank or grantor gives
you a set amount of money to use with the
expectation you’ll repay it, according to
agreed-upon terms. Those terms can
include repayment dates, required
minimum payments, interest rates, fees
and more.
CHAPTER 3: MANAGING CREDIT AND DEBT
740+
670+ 800+
How’s my credit?
• Do a little digging to learn about what credit is, why
it matters and ways to potentially improve your
score.
CHAPTER 4: AVOIDING FINANCIAL SCAMS
CHAPTER 4: AVOIDING FINANCIAL SCAMS
Bank impersonation
• You receive what sounds like a legitimate call or seems to appear as an email from your bank, a
reputable vendor, or your insurance company about suspicious activity or a problem with your
account.
• Life and Money by Citi – Insights and tips on money, well-being, and culture
• Financial Guidance Center by Citi – Boost your financial knowledge with these tools, videos, and articles
• Interested in learning more about how Citi provides financial education in communities around the
U.S.? Please reach out to: communityinvesting@citi.com