YOUR MONEY
> UNDERSTANDING IT
> MANAGING IT
> MAKING IT WORK FOR YOU
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It’s not just banking—it’s belonging.
TABLE OF CONTENTS
BANKING KNOW-HOW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Learn what to look for when opening an account at a
credit union or bank.
SAVINGS TIPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Get some helpful hints on how to save for that longed-for
item or for a rainy day.
BUDGET KNOW-HOW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Budgeting your money is easy with these tips.
UNDERSTANDING CREDIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Learn about your credit score and get helpful ways to boost it.
UNDERSTANDING CREDIT CARDS . . . . . . . . . . . . . . . . . . . . 17
Credit cards are helpful tools when used responsibly.
Turn here for useful credit card strategies.
UNDERSTANDING LOANS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Learn the ins and outs of getting a loan.
WHAT IS IDENTITY THEFT? . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
In today’s electronic world, protecting your identity is an important
step in managing your money. Get helpful tips here.
HOUSEHOLD BUDGET WORKSHEET . . . . . . . . . . . . . . . . . . . 28
Whether you’re working on a budget or composing a wish list,
turn here for worksheets that will keep you organized.
NAVY FEDERAL SERVICES AND NUMBERS . . . . . . . . . . . . 36
IMPORTANT ACCOUNT NUMBERS . . . . . . . . . . BACK POCKET
Keep track of important information and store it in a safe place.
For more information about our products and services, visit navyfederal.org,
call 1.888.842.6328 or stop by one of our worldwide branches.
BASIC MONEY MANAGEMENT
1
BANKING KNOW-HOW
If you haven’t already found a financial institution, look for one that offers
the products and services that complement your life. Once you’ve found
the right one, it’s time to open your account(s)!
WHAT YOU’LL NEED TO OPEN YOUR ACCOUNT
Whether opening an account online, over the phone or in-branch, you’ll
need a government-issued picture ID (like a driver’s license) that proves
your identity.
LOOK FOR THESE ACCOUNT FEATURES
When selecting an account, look for one that provides services that correspond
to your needs. The following are some of the most frequently requested
services. All are available through Navy Federal:
Combination Debit and ATM Card. A debit card allows you to pay
for your purchases by simply swiping your card at checkout. You can
also use it to withdraw funds from an ATM by entering your Personal
Identification Number (PIN). The money is taken automatically from
your checking account.
> Smart Tip: To track spending, keep your receipts and record them
in your account register or online.
Direct Deposit. To set up Direct Deposit, you’ll need your account
number(s) along with the financial institution’s Routing/Transit Number
(Navy Federal’s is 2560-7497-4).
> Smart Tip: Consider requesting that a portion of your paycheck
be deposited into your savings account. Even $5 a pay period will
add up quickly, and, since you don’t ever “see” the money, it’s easier
to save it!
Online Account Access. With online access to your accounts, you
can track your expenses, transfer money and know what funds you
have available anytime, anywhere. Plus, you can make bill paying
easier by setting up automatic payments through Bill Pay.
> Smart Tip: To cut down on unnecessary paper, consider
requesting electronic versions of your statements.
Mobile Banking.1 Enjoy anytime, anywhere access with a mobile app.
Monitor your account(s), transfer money, deposit checks instantly
using your device camera and pay your bills. Free app available on
most mobile devices.
> Smart Tip: Protect your account information from intruders by
creating a passcode for your mobile device in security features.
Mobile1 and Scan Deposits. Deposit personal and business checks
safely and securely from anywhere you have access to a mobile device
or scanner.
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BASIC MONEY MANAGEMENT 3
TRACK YOUR SPENDING
Now that you’ve got an account, you’re ready to go! However, just
because you have an account doesn’t mean there is money in it. To
ensure that you don’t overdraw your account, track the amount of
money you spend.
You can do this by recording transactions by hand in a register, using
a basic computer program like Excel or using a free online service such
as Mint.com. Consider categorizing your expenses, allowing you to see
how you spend your money (Is most of your money spent on dining out?
Car expenses? Clothes or household items?). This information will be
helpful when setting up a personal budget.
Be sure to track everything that comes into your account (deposits) and
everything that goes out (debits), including any fees from your financial
institution or cash withdrawals from an ATM.
If money gets tight between paychecks, consider chatting with your
credit union or bank about overdraft protection options, which may cover
purchases even if you don’t have enough money in the account.
RECONCILING YOUR ACCOUNT
Whether you sit down with a statement and receipts in hand or simply
track expenses and deposits online, it’s important to reconcile your
account each month. To reconcile your account, double-check the
numbers from your records against the statement from your credit
union or bank.
This process helps you ensure that
no errors were made, determine
what payments are outstanding
and verify how much money is
available. For detailed instructions
or software programs that can help
you reconcile your account, simply
enter “Reconcile a Bank Account”
in any search engine.
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BASIC MONEY MANAGEMENT 5
SAVINGS TIPS
SAVING FOR A RAINY DAY
No doubt you’ve got your heart set on something special, but how
are you going to pay for it? Consider planning ahead and paying for it
outright, rather than taking out a loan.
SAVE NOW … FOR LATER
It’s easy to get in the habit of saving by paying your savings account first.
By getting the money “out of sight,” you won’t be tempted to spend it.
You can do this by using either Direct Deposit to send a portion of your
pay directly into a savings account or an automatic transfer on the date
of your choosing.
Although retirement seems like a distant dream for some people,
saving a little today can really pay off in the long run! Consider the
following scenarios:
From age 21 to 31, Courtney adds $100 per month to her savings,
totaling $12,000 in deposits. She leaves the money in an account
with a 5%* annual return, which compounds monthly until she retires
44 years later at age 65.
44 years
Amount Invested
Savings Growth
44 years
30 years
30 years
Savings Growth
A savings account is a great place to start saving, but once your
account is more established, consider these other savings options:
CERTIFICATES
> Generally pay a higher dividend rate than regular savings accounts
> Offer a variety of terms ranging from three months to seven years, with
minimums as low as $5 and up to $100,000
WANT TO GET RICH? START SAVING!
Jacob doesn’t begin saving until he turns
35, but he then saves $100 a month
until he retires 30 years later at age 65.
He deposits the money in the same kind
of account as Courtney’s, and although
he saves $36,000, he only accumulates
three-quarters the amount that
Courtney does.
Experts recommend establishing an emergency
fund equal to a minimum of three months’ salary.
This fund can be used for unexpected auto repairs,
medical expenses or living expenses. Just remember
to replenish the fund if you ever borrow from it!
$36,000
$12,000
> Require a minimum deposit to open
> When the certificate reaches its maturity date, you can renew into
another certificate (same or different term), or withdraw the funds
and use them as needed
INDIVIDUAL RETIREMENT ARRANGEMENT (IRA)
> Does not require a minimum deposit to open
> Excellent approach for retirement, with potential tax incentives
Choose from two types:
Traditional—You pay no taxes on your contributions until you
withdraw the funds.
Roth—You pay taxes now and withdraw the funds tax-free when
you retire.
For more information about IRAs, please visit navyfederal.org and
search “IRAs.”
For more advice on creating your personal savings and investments plan,
consider turning to the financial advisors at Navy Federal Financial Group.2
Simply visit navyfederal.org and search “Investments & Insurance.”
$36,000
$12,000
Courtney
Jacob
Age
21–31
Age
35–65
*Rate for exemplary purposes only. Actual rate may vary.
Courtney
Jacob
Age 21–31 Age 35–65
Amount Invested
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BASIC MONEY MANAGEMENT 7
MAKE YOUR RETIREMENT SAVINGS WORK HARDER
Saving for retirement doesn’t need to rest solely on your shoulders. Many
employers offer terrific retirement savings plans, sometimes matching
your personal contributions dollar for dollar up to a certain point. That’s
like free money toward your retirement!
If your employer offers a 401(k), the general rule is to contribute at least
the same amount your employer is contributing so you’ll automatically
double your investment. If your employer doesn’t offer a savings plan
like a 401(k) (or the Thrift Savings Plan for government employees and
servicemembers), you can still start your retirement fund by opening an
Individual Retirement Arrangement (IRA). Visit navyfederal.org to check
out the IRAs we offer.
BUDGET KNOW-HOW
A budget isn’t meant to cramp your style. It’s just a tool to help you track
how much money comes in and direct how and where it goes out. By doing
this, you put yourself in a powerful position. Just remember—keep it simple.
SETTING UP A BUDGET IN FOUR EASY STEPS
✓ Identify how much money comes in each month. This comes from

your net pay (after taxes) and any other sources of income you
may have.
> Smart Tip: If you’re Active Duty, don’t include military housing
or food allowances in the income portion of your budget since
they can disappear if you’re deployed.
✓ Write down how much money goes out each month. If you’ve

already been tracking your spending, this part is easy! If not, start
today by gathering monthly bills or going through your monthly
bank statements.
✓ Divide your expenses into two categories: fixed and variable. Fixed

expenses include payments that don’t vary from month to month
like rent, car payments and Internet bills. Variable payments include
expenses that change from month to month like groceries, dining out
and clothing purchases.
✓ Total the income and expense columns and make a plan for how

you’ll spend money this month. How do the numbers look? If more
money is coming in than going out, you’re in good shape. If not, review
the variable expenses and see where spending can be trimmed.
> Smart Tip: To help simplify the process, consider using the
Household Budget worksheet on pages 28 to 31, a basic computer
program like Excel or a specialized program like Mint.com.
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BASIC MONEY MANAGEMENT 9
BUDGETING RESOURCES
Visit the Advice & Planning tab on navyfederal.org and select
“Managing Your Money” for information about budgeting and
general financial well-being.
KEEPING TO YOUR BUDGET
During the first few months, continue to track expenses and compare
them to your budget. Remember—this is your plan, so spend a few
minutes thinking about what you want.
> Is your budget realistic, or does it need to be tweaked?
> Are you on track with your spending plan? If not, what needs
to be changed?
> What are your short- and long-term financial goals? Is the budget
set up to help you reach them?
UPDATING YOUR BUDGET
A budget that works today won’t necessarily work in five years. The
following life changes often mean it’s time to rework your budget:
> Getting a new job, promotion or raise
> Making (or planning to make) a large purchase,
such as a new car or house
> Moving to a more (or less) expensive location
> Changing your marital status
> Having a baby
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BASIC MONEY MANAGEMENT 11
UNDERSTANDING CREDIT
WHAT IS IN A CREDIT REPORT?
Whether it’s getting a loan, finding a place to live or even landing a job,
understanding and managing your credit is key to your financial success.
Take a few minutes to learn about credit, then start your credit history
on the right track.
PERSONAL
INFORMATION
Your name, Social Security Number, birth date,
current and previous addresses, and current and
previous employers
WHAT IS A CREDIT REPORT?
CREDIT
HISTORY
Specific information about credit accounts
that were opened in your name or that list
you as an authorized user
PUBLIC
RECORDS
Information from government sources like
bankruptcy records, court records, tax liens,
monetary judgments and overdue child support
INQUIRIES
Anytime a person or company accesses your
credit report, the inquiry is recorded and
generally remains on your credit report for
up to two years
A credit report is simply a history of your credit transactions that showcases
your financial strengths and weaknesses. Potential employers, lenders
and landlords review your report to gauge how you handle money, and
yes, your credit report can affect whether you get a job, loan or place
to live.
Your credit report contains information about you that you provide when
completing credit applications, along with your account and payment
history from creditors. For more specifics, visit navyfederal.org and search
“Credit Reports.”
REVIEW YOUR CREDIT REPORT FOR FREE!
To keep your credit record on track, review your credit report each
year for free. Visit annualcreditreport.com or call 1-877-322-8228.
Be sure to take a few minutes to review the report for unusual
information. If you find inaccurate information, contact a creditreporting bureau with the dispute.
> Equifax®:* equifax.com, 1-800-525-6285
> Experian®: experian.com, 1-888-397-3742
> TransUnion®: transunion.com, 1-800-680-7289
Remember—your credit score is different from your credit report.
If you’re planning on purchasing a car or a home, you may want to
review your credit score before applying for the loan. The scores
can be accessed from each bureau for a fee.
*Navy Federal has teamed with Equifax to offer members ongoing credit-monitoring service
at a discounted rate. For complete details, visit navyfederal.org and search “Equifax.”
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BASIC MONEY MANAGEMENT 13
WHAT IS A CREDIT SCORE?
A credit score is based on the information in your credit history. There are
multiple consumer reporting agencies, and each use a slightly different
formula to calculate your score (which ranges from 300 to 850), so there
may be slight variations from each bureau.
A lender generally gathers the scores from each bureau and then
evaluates your creditworthiness. The higher your score, the better your
interest rate. A lower score means you’re a higher risk, so the lender may
not lend you money, or they could lend it to you at a higher interest rate.
WHAT DETERMINES YOUR CREDIT SCORE
Your score is heavily determined by five factors, with the most
emphasis placed on the first two items:
1. Your payment history. Paying bills on time boosts your
credit profile.
2. Amount you owe. A higher debt load may lower your score.
3. Length of credit history. In general, the longer your credit history,
the higher your score.
4. New credit. Frequent credit applications or requests for your
credit report by creditors could raise red flags.
5. Forms of credit. Having different types of credit—installment
loans, charge cards or lines of credit—is viewed positively for
many borrowers.
IMPROVING YOUR CREDIT SCORE
Improving your credit score is easy, but it does take time. Remember—before
you start working on your credit score, take a good look at your current
income. If you can’t afford to take on debt, don’t. One late payment can
slide your score down the scale. It’s up to you to work diligently toward
your goal. When you’re ready, the following steps can help boost your
credit score:
1. Pay your bills on time. Yes, this seems like a simple step, but timely
payments establish a solid history, resulting in a higher credit score.
An easy way to make sure your payments are received on time is
to set up automatic payments with a service like Navy Federal’s
free Bill Pay.
If you already have credit and are struggling to pay your bills on time, call
the lender and try to negotiate a more affordable payment. If successful,
ask how the change will be reported to the credit-reporting bureaus:
“Paid as agreed” or “Paying under a partial payment agreement/loan
modified.” The response can make a big impact on how your score
is calculated.
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YOUR MONEY
BASIC MONEY MANAGEMENT 14
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BASIC MONEY MANAGEMENT 15
2. Pay down debts. Part of your score is based on how much debt you
carry. A great way to improve your credit score is to regularly pay down
any debt and, if possible, pay more than the minimum payment amount.
3. Get a credit card if you don’t have one. To improve a credit score, build
your history by using and paying for credit card charges responsibly.
Be sure to look for a card that is reported to multiple consumer reporting
agencies so your good efforts are rewarded. If you’re having a hard time
getting a credit card, consider getting a secured credit card. Especially
great for those who are repairing their credit, a secured credit card
allows you to make purchases up to the amount you have set aside in
your savings account (as little as $500 at Navy Federal).
4. Don’t max out credit cards. Much of your credit score is based on how
much available credit you have. Experts recommend that credit card
balances be no more than 30% of the available credit limit. Want to boost
your score even more? Keep a balance of no more than 10% of your
credit limit!
5. Get an installment loan. Potential lenders look for solid credit history
that includes both kinds of credit: revolving (like credit cards) and
installment (like auto loans). If you don’t have an installment loan and
you can afford to take on extra debt, consider getting a small personal
loan from your credit union or bank.
UNDERSTANDING CREDIT CARDS
Credit cards can help you establish and improve your credit score while
helping with unexpected purchases. However, if they aren’t handled
responsibly, you can get into a lot of financial trouble.
Credit cards allow you to borrow up to a specified amount. The credit
company charges interest on the borrowed amount after a set number
of days. In addition to traditional credit cards, secured credit cards
charge against your own money and are a great way to start building
or repairing credit.
Remember—a credit card isn’t free money, and unlike a debit card, it
doesn’t come out of your checking account. It’s a loan with an interest
rate attached to it. The longer it takes to pay off a credit card balance,
the more interest you pay.
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BASIC MONEY MANAGEMENT 17
Consider the following scenario:
Say you have a $2,000 balance on a credit card that has an 18.9% APR.
If you pay the minimum monthly payment, it will take you 22 years to pay
it off, and you’ll have paid $4,688 in interest alone!
UNDERSTANDING LOANS
Paying cash for your new house or car would be nice, but in reality, most of
us will take out loans for big purchases like these. When applying for a loan,
be sure to get answers to the following questions:
CREDIT CARD KNOW-HOW
> What is the loan’s APR?
A credit card is generally accompanied with a slew of disclosures. While
it’s tempting to toss the fine print aside, don’t! It contains valuable, need-toknow information about interest rates, late fees, grace periods and more.
When applying for credit cards, always be sure to read the fine print before
agreeing to the terms.
> What is the term (or length) of the loan? What terms are available
(five years, 15 years, etc.)?
> Is a down payment or co-borrower required?
> How much will the monthly payment be? Can I afford it?
> Are there late charges or pre-payment penalties? If so, how much?
HELPFUL RESOURCES
For more information on credit, credit cards and money-management
tips, check out the following resources:
> Navy Federal Credit Union: navyfederal.org
> Federal Citizen Information Center: publications.usa.gov
(click on “Money”)
> National Foundation for Credit Counseling: nfcc.org
> Money Management International Credit and Debt Counseling:
cccsintl.org
> Practical Money Skills for Life: practicalmoneyskills.com
(click on “Personal Finance”)
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18
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BASIC MONEY MANAGEMENT 19
STEPS TO BUYING A CAR
IS 0% APR ALWAYS THE BEST DEAL?
If you’ve already decided on a car, consider applying for a pre-approval on a
loan. This can give you more bargaining power when buying from a dealer.
Sometimes you can save even more by taking a rebate and financing less
money at a higher interest rate. Be sure to do the math before you take the
lowest interest rate and finalize the deal.
1. Research different cars, models and prices.
> Smart Tip: Enjoy a hassle-free buying experience and save big with
our Auto Buying Program by visiting navyfederal.org.
2. Take the car for a test drive.
3. Look into the price of car insurance.
> Smart Tip: As a general rule, the more expensive the car, the higher
the cost of auto insurance. Remember—accident rates are higher
for drivers under 25, so insurance rates are generally higher, too.
4. Shop at the right time.
> Smart Tip: Consider shopping for a car toward the end of the model
year or at month’s end when dealers need to turn over their excess stock.
Dealer Financing
Credit Union Financing
Purchase Price
$26,000
$26,000
Dealer Rebate
$0
$3,000
Loan Amount
$26,000
$23,000
Interest Rate
0.0%
1.9%
Loan Term
36 months
36 months
Monthly Payment
$722
$658
5. Negotiate up from the invoice price, not down from the Manufacturer’s
Suggested Retail Price (MSRP).
> Smart Tip: A reasonable price is generally 3% to 5% above invoice,
depending on the market demand for the car. Or, consider shopping at
a dealer who has fixed prices. Always discuss rebates after the dealer
has signed a statement detailing the price and options.
In this example, the credit union financing lowers the monthly payment
by $43, saving you $516 a year or $1,548 over the life of the loan!
To find out the particulars of your loan, check out our loan calculators
at navyfederal.org.
CAR INSURANCE
Car insurance is a requirement in most states, and if you borrow money to
buy a car, your lender will require insurance. When selecting a policy, you’ll
be presented with various types of insurance—liability, collision, optional
Guaranteed Asset Protection (GAP), medical liability and more. Be sure
to do your research before signing the dotted line. And, shop around to
compare prices.
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20
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BASIC MONEY MANAGEMENT 21
CAR-BUYING RESOURCES
Navy Federal Credit Union (hassle-free Auto Buying Program,
auto buying videos, loans and loan calculators): navyfederal.org
Epinions (advice and opinions on cars): epinions.com
WHAT IS IDENTITY THEFT?
Identity theft occurs when someone uses your name, Social Security
Number, credit card, address or other identifying information to commit
fraud. Not only can thieves rack up debt in your name, but, if unnoticed,
they can also ruin your credit history.
Kelley Blue Book (car values and reviews): kbb.com
PROTECTING YOUR IDENTITY
Edmunds.com (car values and reviews): edmunds.com
Below are a few ways you can help prevent your personal information from
getting in the wrong hands. For a more detailed list of ways to protect your
identity, visit navyfederal.org and search “ID Theft.”
CARFAX (vehicle history report): carfax.com
ONLINE
> Use a different
password for each
site you frequent.
> Keep passwords,
PINs and account
numbers private.
> Watch out for phishing
and email spam.
> Use care when
using Wi-Fi spots.
SMARTPHONE
AT HOME
> Use the “password
protect” feature.
> Review financial
statements regularly.
> Turn off Wi-Fi and
Bluetooth connections
when not in use.
> Review your credit
report annually at
annualcreditreport.com.
> Sign up for text alerts
from your financial
institution to receive
account transaction
notifications.
> Deposit outgoing mail
in U.S. Postal Service
collection boxes only.
> Wipe your phone of
personal data before
discarding, donating
or selling it.
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> Never leave mail in
unlocked mailboxes
overnight or for
extended periods
of time.
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BASIC MONEY MANAGEMENT 23
CHOOSING A STRONG PASSWORD
In today’s electronic world, a strong, secure password will help
protect your accounts. Remember—don’t use the same password
for multiple accounts, change your passwords frequently and
choose passwords that are easy to remember but hard to crack.
STRONG PASSWORD DOS
> Use the first letter of each word in a sentence. For example, the
password for the previous sentence would be “utfloewias.” To add even
more complexity, capitalize some of the letters or add numbers and
punctuation marks.
> Use an equation. Strong passwords contain letters, numbers and
symbols, so consider writing out an equation. For example, the equation
6x4=24 could be turned into a password written as “sixtimes4=20four.”
> Shift your fingers. Consider shifting your fingers one set of keys to
the right, making the password easy for you to remember but hard
for others to figure out.
STRONG PASSWORD DON’TS
> Avoid using words found in the dictionary.
> Pass on words that are spelled backwards, common misspellings
or abbreviations.
> Keep away from sequences (123456), repeated characters (bbbbbb)
or letters that are adjacent on the keyboard (qwerty).
> Never use personal information like your name, birthday or family
members’ names, as this information is easy to find, especially on
social media sites.
“utfloewias”
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BASIC MONEY MANAGEMENT 25
WHAT TO DO IF YOUR IDENTITY IS STOLEN
✓ Place a “Fraud Alert” with the three major credit-reporting bureaus.

The alert will notify existing and potential creditors of fraudulent activity.
✓ Review your credit reports carefully, looking for inquiries to companies

you haven’t contacted, accounts you didn’t open or debts you
can’t explain.
✓ Close any accounts that have been opened fraudulently or otherwise

tampered with.
✓ Contact Navy Federal and other financial institutions to obtain new

account numbers and PINs and have a special fraud code placed on
your accounts.
✓ File a police report. Be sure to get a copy of the report or the report

number for future reference.
✓ File a complaint with the Federal Trade Commission (FTC).
✓ If applicable, get a new driver’s license and report any fraudulent use


of your Social Security Number.
ID THEFT PREVENTION AND REPORTING RESOURCES
Federal Trade Commission: ftc.gov/idtheft
Social Security Administration: ssa.gov, 1-800-269-0271
Equifax: equifax.com, 1-800-525-6285
Experian: experian.com, 1-888-397-3742
TransUnion: transunion.com, 1-800-680-7289
For more information about our products and services, visit navyfederal.org,
26
YOUR MONEY
BASIC MONEY MANAGEMENT 26
call 1.888.842.6328 or stop by one of our worldwide branches.
BASIC MONEY MANAGEMENT 27
HOUSEHOLD BUDGET
Month/Year: ________
Budgeted
Amount
Week 1
(actual)
Week 2
(actual)
Week 3
(actual)
Week 4
(actual)
Week 5
(actual)
Total
Amount
INCOME
Net Income
Spouse’s Net Income
Other Income
TOTAL INCOME
FIXED EXPENSES
HOME
Rent/Mortgage
Insurance
Other Living Expenses
UTILITIES
Electric/Gas
Water/Trash
Phone/Cable/Internet
Other
AUTO
Loan Payment
Gas/Maintenance
Insurance
Other
INSURANCE
Life
Health
Other
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YOUR MONEY
BASIC MONEY MANAGEMENT 28
BASIC MONEY MANAGEMENT 29
HOUSEHOLD BUDGET, continued
Month/Year: ________
Budgeted
Amount
Week 1
(actual)
Week 2
(actual)
Week 3
(actual)
Week 4
(actual)
Week 5
(actual)
Total
Amount
FINANCIAL COMMITMENTS
IRA/Retirement
Stocks/Bonds/
Mutual Funds
Savings/Money Market
Emergency Fund
Certificates
Other
VARIABLE EXPENSES
Food
Clothing
Entertainment/
Recreation
School/Daycare
Child’s Activities
Child Support/Alimony
Tuition
Educational Savings
OTHER
Loan Payments
Credit Cards
Store Credit Cards
Star Card
Consolidation Loan
Personal Loan
Student Loan
Monthly Dues
Miscellaneous Expenses
Other
TOTAL EXPENSES
Funds left over
(Income – Expenses)
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YOUR MONEY
BASIC MONEY MANAGEMENT 31
WISH LIST WORKSHEET
MOVING FORWARD, I’LL:
Use this handy sheet to help you save for that must-have item. Feel free
to make copies or modify it to fit your needs.

open a certificate that discourages me from withdrawing money for
_______ months/years.
WHAT I WANT

stop _________________________.
By ________________________, I want a ________________________.

start _________________________.
It costs $____________________.
HOW I’LL GET IT
To get it, I need to save $________________ for _____________ months.
I can do this by not buying __________________________ and
__________________________, which totals $____________________.
To make sure I don’t spend this money, I’ll put the money in:

my savings account

a certificate that earns more interest

__________________________________________________
HOW AM I DOING?
For the past _____________ weeks/months, I’ve been saving money so
I can buy a ______________________.
So far, I’ve saved $_____________________, and I’ve learned that:

sticking to my budget is easy.

sticking to my budget is a lot harder than I expected.

it’s too easy to take money from my savings.

__________________________________________________ .
For more information about our products and services, visit navyfederal.org,
32
YOUR MONEY
call 1.888.842.6328 or stop by one of our worldwide branches.
BASIC MONEY MANAGEMENT 33
NOTES
____________________________________________________________
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____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
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____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
For more information about our products and services, visit navyfederal.org,
34
YOUR MONEY
BASIC MONEY MANAGEMENT 34
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
____________________________________________________________
call 1.888.842.6328 or stop by one of our worldwide branches.
BASIC MONEY MANAGEMENT 35
NAVY FEDERAL
SERVICES AND NUMBERS
When it comes to your money, you want to have the right resources to
get you where you want to go. Navy Federal can help. In addition to
our checking, savings and consumer loan products, we also offer free
personal finance counseling and retirement and financial planning through
Navy Federal Financial Group.
> Checking accounts, including a checking account
that is perfect for an Active Duty lifestyle
> Checking Protection options
> Savings accounts for short- and long-term goals
> 24/7 Online and Mobile Banking1
> Free Bill Pay
> Credit cards, many with reward programs
> Loans for new and used cars, motorcycles and boats
> Personal loans
> Mortgage and equity loans
> Student loans
> Free personal finance management and counseling
> Retirement and financial planning
> Certificates and IRAs
> Life and long-term care insurance3
> Business services
CONTACT US
Free personal finance counseling: 1-888-503-7106
Retirement and financial planning: 1-877-221-8108
navyfederal.org 1-888-842-6328
If overseas, call collect at 1-703-255-8837.
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YOUR MONEY