Release Date: October 2004

“MY MONEY” TOOL KIT

What would you do with a few extra dollars every month? Start your kid's college fund, save for your own home, or add to your retirement nest egg?

Make your financial goals realities with mymoney.gov, the federal government's new website dedicated to helping you understand more about your money, and the informative “My Money” Tool Kit. This new, free package of publications from the Financial Literacy and Education Commission and the Federal Citizen Information Center is chock-full of useful tips that will help you manage your money and gain financial security.

The first step to reaching your goals is creating a financial plan. The “My Money” Tool Kit gives you the information you need to organize your finances and plan for the future. Learn how to protect your credit record, set up a budget, and manage your credit or solve credit problems.

Once you've created a workable spending plan and paid off any high-interest loans, the next step is to start saving and investing. Publications in the “My Money” Tool Kit provide practical suggestions and advice on how to save and invest your money wisely. Find out about the power of compound interest, the importance of diversifying your assets, and the trade-off between risk and reward. Learn about the advantages and disadvantages of different types of investments, such as stocks, bonds, and mutual funds. Arm yourself with the questions you should ask about your bank deposits, investments, and the professionals who sell financial products and services.

Did you know that your retirement is probably the most expensive thing you'll ever buy? With topics ranging from employer-based retirement plans to Social Security benefits, the “My Money” Tool Kit provides valuable tips and resources that will help you make the most of your retirement savings.

Reach your financial goals with mymoney.gov and the "My Money" Tool Kit in English or Spanish. There are two easy ways to get your free kit:

• Call toll-free 1 (888) mymoney. That's 1 (888) 696-6639, weekdays 8 a.m. to 8 p.m. Eastern Time and ask for the “My Money” Tool Kit .
• Visit www.mymoney.gov to place your order online or to read or print out more than 100 helpful financial publications from 20 different federal agencies free of charge.

###

• Please check with Samantha.Donaldson if you plan to use this release after January 1, 2005.
• If you would like to receive these releases by e-mail send a request to samantha.donaldson@gsa.gov or call (202) 501-1794.

GSA # 2636

Return to Feature Releases