1. Abroad on a Budget Financial Literacy Initiative & Personal Finance Club

2. The Financial Literacy Initiative  Our Mission The Financial Literacy Initiative is a program that seeks to educate young adults on the foundational concepts of personal finance. We strive to instill a sense of financial competency in Pepperdine students through instruction and coaching on the practical applications of money management.  Our Story In the Spring of 2015, The Financial Literacy Initiative was awarded a Waves of Innovation grant. The program’s three-year implementation plan, beginning in the fall of 2015, includes three steps:  1. Establish a “Money Management for Millennials” freshman seminar course  2. Offer “Personal Finance” to students as an elective course  3. Create a Center for Financial Literacy that is designed to educate, coach, and offer money management tools to students  Find out more at http://community.pepperdine.edu/seaver/financialliteracy/http://community.pepperdine.edu/seaver/financialliteracy/

3. Budgeting Abroad By failing to prepare, you are preparing to fail. He who fails to plan is planning to fail.

4. Have a Plan  Identify all sources of income.  Estimate anticipated typical week expenses.  What money is left over can be allocated towards your weekend travels.  Booking last minute will cost you, so plan ahead.

5. Be Prepared Everyone has a plan until they get punched in the face.  Have cash budgeted and set aside in an emergency fund for incidents such as missing a train or flight.  Have a credit card with a sufficient limit that can be used extreme cases.

6. Be Disciplined  Creating a budget is easy, the difficulty comes in actually following it!  Link up with an accountability partner to stay on track.

7. Spending Abroad  Work with your parents to find the best credit card for you.  Watch out for transaction fees and fraud.  Each program is unique so talk to your ambassadors for specifics.

8. Useful Apps Rail Planner airbnb Citymapper Passbook GlobeConverter skyscanner Xoom Dolar Blue * Buenos Aires

9. Budgeting Activity  Groups of 4-6 people from your program  You will be traveling to for the weekend of October 14-16  Figure out the costs of the following ( in USD ):  Transportation from your program to travel destination  Two options for housing  Mode of transportation from airport/station to accommodation (i.e. taxi, Uber, walk, bus, train)  One dinner  Two activities – 1 that is free and 1 that costs money (i.e. museum, play, park, or other main attraction)

10. Suggested Sites  Transportation:  www.skyscanner.com www.skyscanner.com  www.eurail.com www.eurail.com  www.raileurope.com www.raileurope.com  Activities and Food:  www.yelp.com www.yelp.com  www.tripadvisor.com www.tripadvisor.com  www.ricksteves.com www.ricksteves.com  Lodging:  www.airbnb.com www.airbnb.com  www.hostelworld.com www.hostelworld.com

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