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Scotch, Allison. "Cash-Flow Control." Financiallit.org. Institute for Financial Literacy, 15 July 2005. Web. 3 Nov. 2010. Website with several articles regarding topic. The article for this topic is entitled: "Cash-Flow Control." This can easily be found by going to the URL above and clicking on research and articles. It is the third of four articles. The article that I have chosen to use regards how to spend your money wisely. In short, the article's main purpose is to show people smart spending habits, and how to save yourself from unnecessary purchases. It is the author's goal in this article to show the reader to shop and buy smarter. Many ideas are given to save money. First, the author, Allison Scotch, says to not be fooled by sales. We should also avoid spending too much on our pets, over-shopping at the market, paying late fees, overpaying taxes, being careless with loose change, and eating out for dinner. All of these categories, when managed wisely will reduce your fees and leave you with more money in your pocket.

The article discusses financial-literacy programs at universities and colleges in the United States. Programs like Texas Tech University's help its students master the basics of budgeting, saving, and not buying what they can't afford. These programs are especially important as colleges grapple with rising costs and an economic downturn in the country. The author states that financial literacy affects student retention, productivity, and mental health, and may also generate good will in a time when colleges are being criticized for repeatedly raising tuition, fees, and housing costs. (From the EBSCO abstract.)\n