Step IV. Compare Income to Expenses Monthy Annual Total Income $ x 12 $ Total Expenses $ x 12 $ M anage Your Money It is imperative that you start establishing or rebuilding your credit profile, but it is just as important to have a budget and make a commitment to spend money on your necessities first. When going back through your worksheet, you may find new ways to save even more money. Financial Lite rac y Financial Literacy is the ability to read, analyze, manage, and communicate about your personal finances. Having finacial knowledge helps to create a budget that fits your personal financial goals. Resources Visit our website to find other financial literacy related links.

You may also visit FDIC MoneySmart – Online Financial Education Program. http://www.fdic.gov/ C A De par t me nt of Busine ss O ve rsight 1-866-275-2677 www.dbo.ca.gov To request additional copies of this publication, please call Toll-Free or email forms@dbo.ca.gov .