North Dakotans Saving for Education 1 North Dakotans Saving for Education.

Slides:

Advertisements

Similar presentations

MANAGING MONEY INVESTMENTS & RETIREMENT SENIOR ADVISORY March, 2014.

Advertisements

Making Money…and then having your money make money…and then having that money make money.

College Planning: Easing the Financial Burden Advice from CPAs.

Copyright, 1996 © Dale Carnegie & Associates, Inc. SAVING FOR A COLLEGE EDUCATION MINI-LESSON INDIANA DEPARTMENT OF FINANCIAL INSTITUTIONS CONSUMER EDUCATION.

1 College Financing Seminar Presented by: The Massachusetts Association of Student Financial Aid Administrators (MASFAA)

Picture Your Retirement Will you  Travel?  Pursue hobbies?  Start your own business?

Chapter 5: Managing Your Cash. Objectives Explain the importance of effective cash management and list the four tools of cash management. Compare and.

 How to Manage Your Cash › Daily Cash Needs  Lunch, movies, gas, or paying for other activities  Carry cash  Go to an ATM  Credit Card  Know pros.

FUNDING A COLLEGE EDUCATION PRESENTED BY DR. AA NEIDERMEYER.

Industry Research Personal Finance Group 5. Overview 1) Introduction of Personal Finance 2) 4 main ways of Personal Finance 3) Introduction a big player.

Economics. What is investing? Simply put, investing is saving money in a way that earns income. The purpose of investments in to earn additional income,

Unit 3, Lesson 7 Investment Concepts AOF Financial Services Copyright © 2007–2012 National Academy Foundation. All rights reserved.

College Financial Planning. 2 06/29/2007 2:30pmeSlide - P WorkLife4You Objectives Understand the basics of college financial planning Discuss guidelines.

Savings Tools Take Charge of Your Finances Family Economics & Financial Education.

16.4 Estimating College Costs and Payments You need to follow along on your paper. This will be turned in for a grade.

Chapter 30 Savings Accounts pp

Where should i put my money? Types of Accounts Checking? Savings? Under the mattress?

 The earlier you begin to plan and save for retirement, the better financially prepared you will be.

Guiding the Way to Higher Education Families, Counselors and Communities Together.

January, 2012 Financial Aid Night.  Facts vs Myths  Deadlines  Parent’s Marital Status  Parent & Student Assets  Special Circumstances  Comparing.

Why It’s Important Savings accounts allow you to put money aside and help make your money grow.

Slide 1 © NASFAA 2010 What is this Financial Aid Thing Anyway Capital High School October 24, 2012 Tracy Dahl and Sabrina Knoll Centralia College Financial.

By: Scott Kessler LPL Financial

ABC Company 401(k) Retirement Planning Meeting | June 28, 2011.

Financial Literacy 101 Todd Jorns

Slides by Pamela L. Hall Western Washington University 1 Financing a College Education Chapter 15.

Saving for Education Education Funding. What We Will Cover Before you invest for school Three Important Facts The Cost of College The College Funding.

Chapter 5: Managing Your Cash. Objectives Explain the importance of effective cash management and list the four tools of cash management. Compare and.

Financial Literacy 101 Todd Jorns

Financial Aid Information Session. Paying for College: Financial aid was created as the BRIDGE to Higher education. All the information gathered on the.

Paying for Post-Secondary Education Unit 8 - Succeeding.

Investing. Investing putting your money to work to earn more money putting your money to work to earn more money.

Show Me the Money – Keys to Saving for A Child’s Education.

Conquering Financial Aid If a man empties his purse into his head, no one can take it from him. An investment in knowledge always pays the highest return.

Pay Yourself First.

Investment Funds Pacific Coast Investments Your Personal Investment Managers.

Financial Literacy 101 Todd Jorns

Personal Finance The economy in our state is affected not only by national and global markets, but is also affected by actions and decisions we make about.

C1 C2 The Center of all Financial Decisions  Check in wherever you are.

Financial Planning for Retirement. Why Retirement Plan? For Financial security when you do not work Saving is necessary to accumulate the capital needed.

INTRODUCTION TO INVESTING. What is stock?  Ownership of a company  Raise $ to fund expansion  Value based on speculation  Supply and Demand  Assessed.

Guiding the Way to Higher Education Families, Counselors, and Communities Together.

Personal Finance SECTION 5.2. Types of Savings Plans  Regular Savings Accounts  Certificates of Deposit  Money Market Accounts  U.S. Savings Bonds.

1 Investing for College Financial Planning for Women Jean Lown, FCHD Dept., USU Tiffany Smith, student.

Prepare for Financial Emergencies Manage Spending 2. Prevent Financial Emergencies 3. Become Debt Free 4. Prepare For Retirement 5. Teach Kids.

Financial Literacy 101 Todd Jorns

Financing Your Education A partnership between Government, School and Family. HOW IT WORKS GOVERNMENT SCHOOL FAMILY HOW TO GET IT FAFSA.

1 Investing for College Financial Planning for Women Jean Lown, FCHD Dept., USU Tiffany Smith, student.

6th Grade Postsecondary Costs #2

Long Term Investing 401K’s, IRA’s, Mutual Funds.

G1 Introduction to Investing Financial Literacy.

Investing for Your Future Subtitle. Why Should I Start Investing NOW You have time for your money to grow Establish the habit of saving Risk vs Reward.

Investing & Housing Let your money make money.. Risk v. Return  All investments have risk & return  Undiversifiable Risk – Uncontrollable  Diversifiable.

An Introduction to Investing Your Money Source: CTAinvest.org.

Presenter: Jahaira Troche. A.Applying for Financial Aid: A.What is it? B.What do I need to complete it? C.What does it look like?

Your Children: A New Financial Challenge Chapter 5.

Financial Literacy 101 Todd Jorns

Back Test your investment knowledge! Match the questions with the answers. Test your investment knowledge! Match the questions with the answers.

Financial Services. 2 Financial Services - Guidelines for Military OneSource financial services All financial services are conducted by one of the following:

SAVING AND INVESTMENT CHOICES  Savings plans  Savings account  Certificate of deposit  Money market account  Securities  Stock investments  Bond.

National Association of Student Financial Aid Administrators Presents… © NASFAA 2010 Filling the Piggybank: Saving for College.

Personal Finance Life Skills Preparing for a financially secure future.

Investing. Stocks ○ What is it? ○ A share of ownership in a company ○ How does it earn money ○ Buy low, sell high – sell the stock for more than you bought.

Investments First rule: Pay yourself first through saving. What is compound vs. simple interest? Second rule: As you acquire wealth and income learn to.

Long Term Savings.

Guiding the Way to Higher Education

Guiding the Way to Higher Education

Guiding the Way to Higher Education

Presentation transcript:

North Dakotans Saving for Education 1 North Dakotans Saving for Education

North Dakotans Saving for Education 2 Post-secondary Education What is it? Any education following high school

North Dakotans Saving for Education 3 The Value of Education  Increased knowledge  Higher income  More potential  Increased job opportunities

North Dakotans Saving for Education 4 What will an education cost?  Expenses include: Tuition and fees Books and supplies Room and board Personal expenses

North Dakotans Saving for Education 5 Future Cost of Education  Start with today’s cost of education  Determine how many years until your student attends post-secondary education  Figure an increase on costs of 5 percent to 6 percent per year

North Dakotans Saving for Education 6 Who’s Paying?  Will it be the student? Parents? Grandparents? Financial aid? Military? Other?  There are no wrong answers as long as there is a plan to make it happen.  The answer needs a family discussion.

North Dakotans Saving for Education 7 Tax Breaks for Education  Government assistance to families saving and paying for education  Be aware of limits and restrictions of each of the tax breaks

North Dakotans Saving for Education 8 Financial Aid  Half of students receive some financial aid  Financial aid is based on financial need  Most financial aid comes in the form of loans  Financial aid should not stop families from saving for education

North Dakotans Saving for Education 9 Other Ways to Fund Education  Military service  Student entrepreneurship  Home equity loans  Pageants  Contests and prizes  etc. etc. etc!

North Dakotans Saving for Education 10 Creating an Education Savings Plan  Start with a goal  Decide how much the family can afford  Figure in the rate of return the savings will earn over time  Part of an overall family financial plan

North Dakotans Saving for Education 11 Education Savings Tools  Many types of accounts Savings accounts and CDs Money markets and mutual funds U.S. savings bonds 529 plans and education IRAs Stock market investments Roth IRAs

North Dakotans Saving for Education 12 Education Savings Tools  Check their rate of return (interest)  Some carry more risk than others  Some have tax advantages  Become informed about all  Choose those best for your family

North Dakotans Saving for Education 13 Time Makes a Difference  Start an education savings plan early  Let your money work for you  Use the “magic” of compounding

North Dakotans Saving for Education 14 For More Information Check out the online presentation of North Dakotans Saving for Education at: