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Stewardship, Finances, and Allocation of Resources The May 2003 Survey Table of Contents HIGHLIGHTS............................................................................................................................................................................
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Monitor your expenses regularly and track where your money is going.
02
Create a budget that outlines your income and expenses.
03
Set financial goals that are specific, measurable, achievable, relevant, and time-bound (SMART).
04
Save and invest a portion of your income for future financial security.
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Avoid unnecessary debt and prioritize paying off high-interest debts first.
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Seek advice from financial professionals for guidance on managing your finances effectively.

Who needs what financial behaviors relate?

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Everyone can benefit from adopting good financial behaviors to achieve financial stability and security.
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Individuals who want to build wealth, save for major purchases, or plan for retirement need to practice sound financial habits.
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Financial behaviors relate to the actions and choices individuals make regarding money management, saving, spending, investing, and budgeting.
Anyone who has financial accounts or assets that need to be reported to the appropriate authorities.
You can fill out financial behaviors by accurately reporting all relevant information about your financial accounts, assets, and transactions.
The purpose of financial behaviors is to ensure transparency and compliance with financial regulations, track income and assets, and prevent fraud or money laundering.
Information such as bank account balances, investment holdings, income sources, and transactions above a certain threshold must be reported on financial behaviors.
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