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Boost your Financial IQ

The more you know, the more you save.

How much do you know about money management? According to a recent survey, most of us
think we know more than we actually do.1 Learning about key financial concepts can help you
make more informed decisions and improve your bottom line. Give your financial IQ a boost
with these tips and resources:

Start with the basics.

Read about creating a spending plan, debt and credit management, mortgages, retirement
planning, getting a loan, and knowing your consumer rights at MyMoney.gov, the U.S.
government site dedicated to teaching all of us the basics about financial education. 2

Read, read, read.

Search online, go to the bookstore, or visit your local library to find books written by financial
specialists. You can also subscribe to money management magazines to keep your knowledge
fresh and relevant, plus get tips from finance pros.

Stay in school.
Take a class at a local school or organization to get a better understanding of key financial
concepts. We have some financial education seminars that you might like:
Build and Maintain Great Credit
Breaking the Paycheck to Paycheck Cycle
Banking for your Lifestyle
Protecting your Identity
Home Buying Made Simple
To sign up for a seminar or to get more information, please e-mail
financialeducation@td.com.

Ask an expert.
Bankers, financial planners and educators can help you become your own financial expert, so
ask away! Whether you're looking for new financial products and services, answers to
questions, or you just want a second opinion, seeking out an expert can boost your
knowledge and your confidence.

Put your knowledge to the test.

Take a look at your current financial plan and see where you can put what you've learned
into practice. Keep adjusting your plan as you get more knowledge, and remember each
financial plan is different. Pair your new smarts with your real life experience to find a plan
that works just for you.
Recent Articles:
Saving for Yourself and Others
It Pays to Save
Improve Your Financial Fitness
Charitable Holiday Giving
Building a Good Credit Score
Green Your Lifestyle
Save on School Supplies
Achieve Financial Independence
Enjoy a SAVE-cation Time away without breaking the bank
Managing Your Identity Protecting Against Identity Theft

http://www.tdbank.com/financialeducation/financialiq.html[9/2/2015 1:28:16 AM]

Pass on the Savings

Here are some tips to help you talk to
your children about money.
Start small. Start with simple concepts and
work your way up. All things cost money, you
earn money by working, and budgeting helps
you achieve your goals. Review The ABCs of
Money Management together to start the
conversation.
What's a budget? Talk about budgeting as a
way to reach a savings goal. Break their
income into four parts: Spending, Short-term
Saving and Long-term Saving each get 30%
(or $3 for every $10) and Sharing gets 10%
($1 for every $10).3
Speak their language. Explain saving using a
real-life goal, such as redecorating their
bedroom. Map out the cost and calculate how
long it would take to save based on their
income (allowance, odd jobs, babysitting, your
contribution).
Save as a family. Talk about ways to save as
a family, including cutting coupons or reducing
power usage, and work together to save for
shared goals like vacations. Track your
progress on a calendar or chart. 3
Make it fun! Give them a job around the
house so they can earn their own money, and
make a Savings Goal Chart or Wish List to help
encourage saving goals.

Boost your Financial IQ

There's no place like home...but should you rent or own?

Empowering Our Kids Today and Tomorrow: The ABCs of Money Management
Perez, Maria. "Boost Your Financial I.Q." and "Tips to Teach Children to Save." N.p. unknown, n.d. March 2013.
1. Financial Literacy and Education Commission. "Promoting Financial Success in the United States: National
Strategy for Financial Literacy" N.p. 2011, n.d. March 2013.
2. www.mymoney.gov. N.p. 2011, n.d. March 2013.
3. ABA Education Foundation. "Money Talks" N.p. 2009, n.d. March 2013.
Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of third
party sites hyper-linked from this page, nor do they guarantee or endorse the information, recommendations,
products or services offered on third party sites.
Third party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should
review the Privacy and Security policies of any third party website before you provide personal or confidential
information.
This article is based on information available in April 2013. It is for general informational purposes only. It is not
intended to provide specific financial, investment, tax, legal, accounting, or other advice and should not be acted
or relied upon without the advice of a professional advisor. A professional advisor will recommend action based
on your personal circumstances and the most recent information available.

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