2. By Stephanie Vargas & Beatriz Rivera

3. an itemized estimate of income and expenditure for a set period of time

6. Bad Good

8. Income Information  Take-home pay  Freelancing  Freelancing (Average)  Trust Fund  Work-at-home projects  Work-at-home projects (Average) Essential Spending  Rent or mortgage  Rent or mortgage (Fixed)  Utility bills  Utility bills (Fixed)  Food you buy at the grocery store  Food you buy at the grocery store (Flex)

9.  premium cable services  pay-per-view movies  cell phone service

10. Give yourself a fixed amount that you can spend per week and DO NOT EXCEED https://www.youtube.com/watch?v=XoPeI M4Ywhs&feature=youtu.be

11.  Food  Telephone  Housing  Vehicle/Health Insurance  Text Books  Tuition  Clothing  Entertainment  Traveling

14. Use cash instead of debit card. You think twice about spending that money once you have it in your hand.

15. Mistake #1: Forgetting to write down expenses Mistake #2: Intentionally not writing down purchases Mistake #3: Buying on impulse Mistake #4: Becoming the victim of budget busters Mistake #5: Being so frugal it makes you miserable Mistake #6: Ignoring the time value of money

16. #1 thing to keep in mind…Keep trying! You will never master this if you give up.

17. way

18.  Ally Bank  Capital 360  Barclay  Discover (minimum deposit of $500)

19. Well you should! Here is why…

20.  Fact: You start early, you will be financially independent by the time you retire!!  Your money grows at an accelerated rate with hardly any extra work on your end.  That’s FREE MONEY that will earn interest!

21. Discount brokerage firms like:  Scottrade  E-trade  Ameritrade

22.  Rich dad poor dad  Multiple sources of income  Download Finance tracking Apps like Mint  Look into LearnVest  Learn about investments through independent brokerage firms like e-trade

23. Tuition deduction education tax credit  Choose either Tuition deduction or one of the education tax credit loan interest  Student loan interest deduction itemize  You can itemize your deductions mileage entertainmentdining  You can also deduct mileage, entertainment and dining (up to 50%)

24. If you have any questions Email Stephanie vargass3@lamission.edu Stephanie vargass3@lamission.eduvargass3@lamission.edu Or Beatriz riveraba@lamission.edu Beatriz riveraba@lamission.eduriveraba@lamission.edu Phone (818) 364-7600 Ext. 4161