Back to School Tips from Judy Woods of Operation HOPE on Financial Structure and Discipline

Birmingham Public Library Birmingham area K-12 schools re-opened from summer break over the past two weeks and college students across Alabama are now back on campus. The ringing of the school bell signals the start of a structured day filled with learning and growth. Similarly, financial success often hinges on discipline and a well-organized approach. Judy Woods, a certified HUD-counselor and financial coach at Operation Hope — located in the Birmingham Public Library downtown — has financial tips to help families succeed. Here are a few ways to incorporate the school bell’s lessons into your financial behavior: 1. Set Clear Goals Educational Equivalent:  Just as students have academic goals, setting clear financial goals can guide your actions. Whether it’s saving for a down payment, paying off debt, or building an emergency fund, defining these goals gives you direction. Actionable Tip: Write down your financial goals and break them into smaller, manageable tasks. Review and adjust regularly, much like a student would with their study schedule. 2. Create a Budget Educational Equivalent: Students follow a timetable to allocate time to different subjects. Creating a budget works the same way, helping you allocate your income to various expenses. Actionable Tip: Use budgeting...