Page Section Navigation
Go to: Header
Go to: Utility Navigation
Go to: Primary Navigation
Go to: Content
Go to: Footer


Money Management International Improving Lives Through Financial Education
SUCESS NewsletterFinancial Education Newsletter
Step-down Budgeting

MMI Copywriter

By Kim McGrigg, MMI Community Manager

Free financial webinars are a great way to increase your knowledge during Financial Literacy Month. This week, MMI offered a webinar on paying down debt. In case you missed it, here is a glimpse at what was covered.

In order to accelerate your debt repayment schedule, you might have to free up some additional dollars. Too often, people are discouraged by this idea because they think of it as an "all or nothing" strategy. In reality, there is a lot of room in between to step-down.

For example, If you eat at a fine dining restaurant twice a month, then you can step down to a family restaurant and save $60 a month per person. That alone could net you $150 more for debt repayment. If you eat lunch out every day at a fast food restaurant, you can save $25 per week per person if you take your lunch.


Here's another example: An evening movie without drink or snacks- $9.50

  • Step-down by choosing a matinee at the movie theater- $6.50
  • Step-down by renting a movie to watch at home- $4
  • Step-down by renting an older movie- $1
  • Step down by borrowing a movie from the local library- $0

Don't worry if you missed this webinar, there are plenty more opportunities for you to increase your financial know-how during Financial Literacy Month. Register for an upcoming webinarparticipate in a webcast (available anytime) or download our free eBook - Financial Literacy: Your 30 step Path to Financial Wellness.

Comment on this post


MMI has a new Facebook page!

MMI is making some improvements to our FB presence with a new page. "Like" MMI and join the social media conversation about improving your finances and your life!

Financial Education learn more

Sharpen Your Financial Skills with Free Online Courses-

The goal of our highly trained professionals is to arm you with the knowledge necessary to take control of your financial situation. Our online seminars stress the development of skills that can assure long-term success. You will gain the peace of mind that comes from improved spending habits, increased savings, and the wise use of credit. Take the first step toward financial wellness by enrolling in a Web seminar today!

Learn More

In-Person Workshops Are Also Available In The Following Areas:

Arizona | California | Connecticut | Colorado | Illinois | Louisiana | Maine | Massachusetts | Mississippi | New Jersey | New Mexico | New York | Oregon | Pennsylvania | Rhode Island | Texas - Fort Worth Area | Texas - Houston Area | Virginia | Greater Washington D.C. | Washington State

View upcoming financial education workshops


Becoming a Super Consumer


Most kids know exactly what they want to be when they grow-up. Unfortunately, landing a position as a ninja or princess isn’t always easy. On the other hand, one thing that we all will be when we grow up—whether we like it or not—is a consumer. While being a consumer isn’t as glamorous as being a Superhero, it is important and does require a lot of training.

 Learning to be a good consumer provides a basis for financial success; but many American students complete 12 years of schooling, with little or no attention paid to economics. As a result, many consumers find themselves on their own to learn from the school of hard knocks. In fact, Americans currently owe more than $2.4 trillion in non-mortgage debt.

In honor of Financial Literacy Month, the experts at Money Management International (MMI) have identified the following tips for wise money management:

Take an active role. If you are not on top of your financial strategy or are not sure that you even have a strategy, it is time to make a plan. Download Your 30 Step Path to Financial Wellness, a free financial eBook designed to help you get your finances in order.

Live beneath your means. Learn the difference between needs and wants; experts agree that one key to happiness is to be content with what you already have. A financial priorities worksheet can help you prioritize your needs and wants.

Expect the unexpected. No one plans to lose a job or suffer from illness. Being prepared for life’s setbacks will give you peace of mind and help you to survive financially if the worst should happen.

Plan for tomorrow. Make it a habit to pay yourself first. Don’t despair if you are behind on your savings goals—it is never too late to make a positive change. Use a savings calculator to help you determine how much to set aside for the future.

Keep credit under control. The percentage of disposable income dedicated to debt repayment is near record highs. Smart consumers use credit as a tool of convenience, rather than an extension of their income. Consider taking the debt test to determine if you need a plan for payoff.

Perhaps most importantly, being financially savvy will set a good example for your children. Kids learn many habits from their parents, and financial stability is a great trait to pass on. Finally, know when to seek help. MMI is a nonprofit, community service organization that provides professional guidance, free credit counseling and debt management assistance to consumers.

MMI Debt Management Plan Client Corner
Tips for Success

Don't risk missing a payment-sign up for DepositDirect. DepositDirect Authorization allows us to withdraw your deposit from your bank account and save time and money each month. It's secure, convenient and easy! Enroll online today!

Update your account balances online. When you receive your monthly statement from your creditors, login to your MMI account and update your balances. It is important that we have the most accurate balance information possible on file. 

If you would like more information about signing up for a Debt Management Plan through Money Management International, visit

Tweet for Change

Tweet for Change

Interested in following trending twitter topics about all things financial? If so, check out the popular feeds on In just once click, you’ll be able to see what is on people’s minds right now (in 140 characters or less!).  Social media expertise is not required!

About Money Management International

Money Management International (MMI) is a nonprofit, full-service credit counseling agency, providing confidential financial guidance, financial education, counseling and debt management assistance to consumers since 1958. MMI helps consumers trim their expenses, develop a spending plan and repay debts. Counseling is available by appointment in branch offices and 24 hours a day, 7 days a week by telephone and Internet. Services are available in English or Spanish. To learn more, call
866.530.9869 or visit

© 2010 Money Management International - All Rights Reserved
Money Management International 9009 West Loop South, 7th Floor, Houston Texas