{"id":1256,"date":"2020-08-22T16:16:01","date_gmt":"2020-08-22T16:16:01","guid":{"rendered":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/?page_id=1256"},"modified":"2024-03-03T23:54:07","modified_gmt":"2024-03-03T23:54:07","slug":"strategies-for-money-management","status":"publish","type":"page","link":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/?page_id=1256","title":{"rendered":"Strategies for Money Management"},"content":{"rendered":"\n<p class=\"has-text-color has-link-color wp-elements-6dae8eaa711b26ccee246087f11a9dc1\" style=\"color:#2082bc\"><strong>The following suggestions may be helpful if your client struggles with money management:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Encourage your client to use a planner to include dates related to banking information, paying bills, etc.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Encourage your client to use a \u201cto do\u201d list that prioritizes financial obligations daily and weekly based on importance and urgency.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-006b787a3de260c3fbec453731b18004\" style=\"color:#2082bc\"><strong>Recommend the following for your client to organize their financial papers:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Have one \u201c<strong>special spot<\/strong>\u201d for financial papers<\/li>\n\n\n\n<li>Develop a daily mail routine and put financial papers in the special spot immediately.<\/li>\n\n\n\n<li>Maintain a simple organizational routine and structure that they can use to sort and put away things on a daily basis (e.g. labeled file folders or boxes)<\/li>\n\n\n\n<li>Consider on-line banking and automatic withdrawals for monthly payments.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-328104e8e9d757bbb81d84fc9bb6aadc\" style=\"color:#2082bc\"><strong>Encourage your client to break down tasks into manageable chunks:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Develop a budget or spending plan, e.g., use a calendar system where they can visually see when they have financial obligations.<\/li>\n\n\n\n<li>Keep track of expenses for one week (carry a notebook, uses a cellphone), then one month, etc.<\/li>\n\n\n\n<li>Break down specific tasks to be done daily, weekly, monthly, yearly.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-3a4d987d4f14da6e50e0f31ff8fe1563\" style=\"color:#2082bc\"><strong>Encourage them to control impulsive spending:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Take a list when they go shopping<\/li>\n\n\n\n<li>Use cash rather than credit cards<\/li>\n\n\n\n<li>Carry a calculator to add up purchases as they accumulate<\/li>\n\n\n\n<li>Wait a certain number of hours before a large purchase<\/li>\n<\/ul>\n\n\n\n<p>To help your client save money for the future, he\/she is encouraged to investigate the <strong>Momentum for Youth program<\/strong>.\u00a0The government will match your client\u2019s savings by three times his\/her contributions up to $2,500. This money can be used for education, tools for work, or starting a new business.\u00a0 <a href=\"https:\/\/momentum.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/momentum.org\/<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Seek assistance with budgeting and managing finances.\u00a0 The following organization offers free support:\n<ul class=\"wp-block-list\">\n<li>Money Mentors:\u00a0 <a href=\"http:\/\/www.moneymentors.ca\" target=\"_blank\" rel=\"noreferrer noopener\">www.moneymentors.ca<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"entry-summary\">\nThe following suggestions may be helpful if your client struggles with money management: Recommend the following for your client to&hellip;\n<\/div>\n<div class=\"link-more\"><a href=\"http:\/\/resourcelibrary.ucalgaryblogs.ca\/?page_id=1256\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &ldquo;Strategies for Money Management&rdquo;<\/span>&hellip;<\/a><\/div>\n","protected":false},"author":9119,"featured_media":0,"parent":1385,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"class_list":["post-1256","page","type-page","status-publish","hentry","entry"],"_links":{"self":[{"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=\/wp\/v2\/pages\/1256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=\/wp\/v2\/users\/9119"}],"replies":[{"embeddable":true,"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1256"}],"version-history":[{"count":6,"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=\/wp\/v2\/pages\/1256\/revisions"}],"predecessor-version":[{"id":2867,"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=\/wp\/v2\/pages\/1256\/revisions\/2867"}],"up":[{"embeddable":true,"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=\/wp\/v2\/pages\/1385"}],"wp:attachment":[{"href":"http:\/\/resourcelibrary.ucalgaryblogs.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}