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Class of 2012 Freshman Orientation Financial Literacy: “Me, Myself, My Money”

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Presentation on theme: "Class of 2012 Freshman Orientation Financial Literacy: “Me, Myself, My Money”"— Presentation transcript:

1 Class of 2012 Freshman Orientation Financial Literacy: “Me, Myself, My Money”

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3 Want to be more than $2,000,000 Richer? Today I will show you how.

4 Financial Literacy –Making sound decisions about money –Your decisions – no one else's

5 Student Loans

6 National Bank of Me

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9 Do the math!!!! Smartest investment you will ever make

10 Video Break

11 What happened to him??

12 33M 17 Exotic Cars 12M Mansion Plane 2 Helicopters 200 People 1996

13 What was his problem?

14 It’s all about balance…

15 How?

16 Welcome Jill!

17 Budgets

18 Budgets are a tool that help you determine: –Where your money goes each month –How much you need to save for that big ticket item –Where you want to be in the future

19 Budgets Easy Keep you on track so that you don ’ t spend more than you take in Otherwise

20 You won ’ t make it through the month

21 It ’ s all about balance

22 Budgets Determine what your income is –Wages –Loans –Savings –Allowance

23 Budgets Determine what your expenses are –Fixed –Flexible Needs Wants

24 Budgets Fixed –Rent –Car Payment Flexible –Meals –Clothing

25 Budgets List everything –Books –School supplies –Meals and entertainment –Rent –Car –Clothing –Telephone –Personal care –Laundry –Tuition –Anything that you spend your money on –Be reasonable

26 Adjust if needed

27 Budgets Success is having the money in be greater than the money out –Set aside for larger expenses Adjust when necessary Be a smart consumer Spend money wisely Talk to someone if you get in trouble

28 Thanks Jill!

29 The Calendar

30 Adjust as necessary Be smart consumer – spend wisely $ in > $ out Talk to someone Life Skills

31 Tracking…

32 Bank Accounts

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35 Just because the bank says……….

36 THE GREAT TEMPTATION

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38 Welcome Brooke!

39 THE GREAT TEMPTATION

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42 The Real Cost of Credit Purchase$ 1,000 17% card Minimum payments (2%) = $ 20 mo Total all payments $ 1,755 Almost paid 2x

43 Average American Household $10,000 in credit card debt Average College Student $3,000 in credit card debt

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47 Thanks Brooke!

48 My Graduation Promise to You

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51 Part-time Job

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54 Compounding… $5 per day, every day 10% rate of return 45 years later…

55 $ 1,585,000

56 Would that change your life?????

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59 Resources – Financial Literacy – Money Management Advice

60 Where’s the $2,000,000?


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