1. Financial Foundation A Financial Literacy Project Sponsored by Carolina First Bank A Trade Name of TD Bank N.A.

2. Introduction & Goals  Give an overview of deposit account types, savings and creating a budget.  Educate you on the importance of credit and provide the tools necessary to achieve both personal and professional goals.  Review steps to protect your identity and what do to if you are a victim of fraud.  Teach the foundations for starting your own small business.

3. Outline  Opening / Introductions  Banking Basics- types of accounts  Savings & Budgeting  What Is Credit?  Fraud & Identity Theft  Steps to Starting a Small Business  Q&A / Wrap-up

4. Banking Basics  Opening and maintaining a checking account  Types of deposit accounts Non-interest bearing accounts Interest-bearing –Checking –Savings/ Money Market –CD’s & IRA’s  Types of Financial Institutions Bank, Credit Union, Thrift  Reconcile your checking account  Debit cards, Online Banking, & Bill Pay Benefits and concerns New debit card regulation- how it relates to NSF and overdrawing the account.

5. Savings  Savings tips Needs vs. wants Direct deposit Pay bills online  Interest Earned- examples Savings Calculator- see handout Compounding Interest –How often the interest earned is “paid” to the account; added back to the balance –Savings accounts usually have lower balance requirements and lower interest rates – Money Market accounts, CD’s and investments can earn a higher return, but typically have higher opening balance requirements. –Investments can have risk associated with them- depends on account type!

6. Savings  Retirement savings Start early Give maximum allowed If your company does not offer a 401K plan, start an Individual Retirement Account (IRA) with your bank  How to prepare a budget Know what you spend –Monthly fixed expenses »Rent, insurance, phone –Other expenses »Books/tuition, utilities Save for emergencies –Car issues, illness, etc.

7. What Is Credit?  What is credit and why is it important? Establishing Credit What makes up a credit score? Rebuilding Credit  Types of loans Installment / Term Loan Revolving Secured vs Unsecured Mortgage loans  Tips for managing your credit  How to get free credit report once a year www.annualcreditreport.com Not www.freecreditreport.com – will charge you fees!www.freecreditreport.com

8. What Is Credit?  Tips to consider when shopping for a credit card Annual Fees? Interest Rate? Discounts or Incentives, such as points or cash back for using the card? How much will it cost to use credit? See handout  Tips on how to use your credit card responsibly Pay off in full each month if possible. Only use for emergencies if you do not anticipate not being able to pay off in full. Pay more than the minimum payment required! Weigh out the needs vs wants- do not make impulse purchases!

9. Starting a Small Business  The Business Plan- Set goals! Know your ABC’s: –Accountant –Banker –CPA  Choosing the Legal Structure  Obtaining business financing  Registration and licensing  Bookkeeping- financial records Profit-Loss Statement Balance Sheet Online Resources & Tools: www.business.carolinafirst.com www.sba.gov www.score.org www.clemson.edu/sbdc http://scsbdc.moore.sc.edu/

10. Q&A / Wrap-up Thank you

11. For more information, contact: Stacy Sanders VP/ Branch Manager stacy.sanders@carolinafirst.com 864.552.9025 102 S. Main Street Greenville, SC 29601 This information is provided for educational purposes only and is not intended as financial and/or legal advice. Carolina First is a division of The South Financial Group, Member FDIC