University of Hawai'i University Relations Media & Publications Honolulu, HI 96822	(808) 956-8856 Telephone (808) 956-3441 Facsimile ur@hawaii.edu E-Mail
Contact: Pamela Kutara, 956-7212	Air Date: June 17, 1998

Money Management Tips Keeping your household finances in order may seem overwhelming at times but being organized is the key, says University of Hawaii's Pamela Kutara of the College of Tropical Agriculture and Human Resources. Kutara says to establish a home business center for managing all financial and personal records. Designate a manager for the center, but make sure all family members are familiar with it. Next, set up a temporary and permanent file system. Use the temporary files for current transactions and records for the year. Keep information essential to household finances and records that may be needed in legal matters in a permanent file. Keep a current inventory of valuable papers like birth certificates, wills, insurance policies, etc. If papers are missing, replace them immediately. Finally, do a household inventory of your household furnishings and personal belongings. This is the University Report, I'm Tracy Orillo Donovan.

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