There are a lot of small choices that we make with our money each day.
But every once and awhile we come across a big, monster decision,
one that can have a huge effect on our money, in the short and long term.
Decisions such as where we live and whether to rent or to own a house,
what kind of transportation we need to buy, whether or not we need insurance...
...and how much we want to invest in the future.
Since we don't always know what the best choices are, and we don't want to risk our own money,
we're going to play around with someone else's money decisions:
We'll be taking you through a day in the life of Ms. A and Mr. B,
as they try to make the best possible choices with their money: today, tomorrow and for all the moments in between.
It'll be your job to make sure that they're making the right decisions based on their needs.
And along the way, you'll learn how to make the same choices for yourself,
if and when you ever need to buy a house, get a car, start investing,
save for retirement or make sure you're protected against the unexpected.
We're going to take a look at a Financial Life in the making. This includes:
MONEY CHOICES FOR TODAY: Such as housing and transportation;
MONEY CHOICES FOR THE JUST IN CASE: This means emergency savings and insurance;
MONEY CHOICES FOR TOMORROW: This is about investing and building wealth.
It'll be your job to guide Ms. A and Mr. B towards the best decisions for them,
so pay attention to all the options as we go through the course.
And it'll be good practice for making the best decisions for yourself in the future, too.