it will be your money someday!. it will be your money someday! credit or debit? needs v. wants free...

It Will Be Your Money Someday!

It will be your money someday!Credit

or

Debit?

Needs

v.

Wants

Free stuffCarpe diem,

Semper eadem,Mo money,

mo problems

$100 $100 $100 $100 $100

$200 $200 $200 $200 $200

$300 $300 $300 $300 $300

$400 $400 $400 $400 $400

$500 $500 $500 $500 $500

$100

When you swipe this card with a VISA logo the money comes directly out of your checking

account.

Home

$100

What is a debit card?

$200

Using one of these is just like having a short-term loan.

Home

$200

What is a credit card?

Credit Cards are no different than a loan. If you are using credit cards and not paying your balance each month but are avoiding student

loans that is not a good strategy.

$300

When you don’t pay your credit card balance in full each month

you will accrue these.

Home

$300

What are finance charges?

Finance charges are based on your interest rate and will accrue daily

after your initial grace period.

$400

When you swipe your debit card a few times over the weekend but

don’t actually have any money you can accumulate a lot of these.

Home

$400

What are overdraft fees?

Most banks can prevent these charges by declining your card or you can tie

your checking account to your savings account if you have one.

$500

When you get a credit card the lender uses APR ÷ 365 to calculate

this.

Home

$500

What is your daily periodic rate?

Yes, everyday interest accrues on your credit card if you don’t pay your balance. This is known as

compounding interest.

$100

The new iPhone 5.

Home

$100

What is a want?

$200

Advertisers spent this much money to tell you what you

“needed” in 2010.

Home

$200

What is $94,000,000,000?

One of the largest influencers on how we determine what we need comes

from advertising and media.

$300

Every semester you’ll need these and they are not getting any cheaper.

Home

$300

What are textbooks?

Obvious, yes, but you’d be surprised at how easy it is not to plan for

things we know are coming.

$400

True or False

If something is a “want” that means you cannot have it.

Home

$400

What is false?

You can have it but you need to plan for it and it needs to be

purchased on your terms…no buyer’s remorse or retail therapy.

$500

This song catapulted the album Paper Trail to double platinum

with it’s self-help, money management lyrics.

Home

$500

What is Live your Life?

“Now everybody watchin’ what I do come walk in my shoes and see they way I’m living

if you really want to. I got my mind on my money and I’m not goin’ nowhere. So keep on

gettin’ yo paper and keep on climbin”

$100

Humans saw the first one of these in 1893 and it lasted for 34 seconds.

Home

$100

What is a motion picture?

You can see them for free most weekends. Thankfully they are much

better today.

www.unc.edu/cuab

$200

Most Americans spend on average $41 per month for this?

Home

$200

What are gym memberships?

You already have it all basketball courts, weight rooms, swimming pools, badminton, inner tube

water polo….

www.campusrec.unc.edu

$300

Hopefully you won’t need one but if you do they are free.

Home

$300

What is a lawyer?

Student Legal Services is located in the Union and they can advise you on most legal issues.

Google: UNC Student Legal Services

$400

Call this service we you need to get from Davis to Townhouse safely

late at night.

Home

$400

What is SafeWalk?

www.safewalk.unc.edu

$500

When you are feeling a little stressed or overwhelmed these folks

can help.

Home

$500

What is Counseling & Wellness Services?

Individual and group sessions available.

www.campushealth.unc.edu/cws

$100

It’s as simple as writing down what you spend your money on and

where your money comes from.

Home

$100

What is a spending plan or budget?

$200

Creating a budget helps you see these more clearly.

Home

$200

What are your goals?

$300

True or False

If you don’t earn any money you don’t need a budget?

Home

$300

What is False?

Developing good habits are important so even if you don’t have income you

should still get in the habit of budgeting.

$400

Vanilla, half-caf, grande Americano and bottled H20.

Home

$400

What are spending leaks?

These items can destroy your budget. If you must have coffee get drip and

invest in a good water bottle.

$500

Two online campus resources that can help you with a budget.

Home

$500

What are…..

www.studentaid.unc.eduwww.cashcourse.org/unc

$100

I should check this three times a year and it is just as important as

any book report.

Home

$100

What is your credit report?

There are three credit bureaus and you should check one every 4 months to

monitor your credit.

www.annualcreditreport.com

$200

True or False

Getting a department store credit card that saves me 20% on my

purchase is good for my credit score.

Home

$200

What is False?

These types of cards are usually bad for your credit score if you don’t pay

them off immediately.

$300

This was the original capital of North Carolina.

Home

$300

What is New Bern?

Everyone just needs to know that.

$400

It is never too early to start one of these.

Home

$400

What is a…

Savings Account CDMoney Market Roth IRA

$500

You would have this much money on your 50th b-day if you began

saving $200/month at 8% on your 20th b-day.

Home

$500

What is $300,000?

Resources

•CashCourse• http://www.cashcourse.org/unc

•Office of Scholarship and Student Aid• http://studentaid.unc.edu

•Financial Management for College Students: The UNC-Chapel Hill Student’s Guide to Wise Financial

Management• https://studentaid.unc.edu/referencedocs/financial_literacy.pdf