Funding Your Freedom

Introduction

Budgeting in Everyday Life

Building a Wealth Portfolio

Credit as a Tool

Educational Value

Agenda

Budgeting – cut small, save BIG!

Are your peers on budgeting?

◦60% Tried

◦37% Managed to stick to it

What is in your everyday coffee?http://www.hughcalc.org/coffee.cgi

Away from paper,

let’s Excel!

Free budgeting on the go!

Budgeting in everyday decision-making

• Where do you keep the money you save?• Under your mattress?• A savings account? • In gold coins?

Building Your Wealth

• Ways to hold wealth• Savings Account• Gold Coins•Mutual Funds• Individual Stocks• Certificate of Deposits• Treasury Bonds

Building Your Wealth

Slow and SteadySavings Account

CD Treasury Bond 5 Year

Treasury Bond 10 Year

Initial 1000 1000 1000 1000After 5 Years 1530.28 1564.22 1590.61 1668.91After 10 Years 2073.94 2158.70 2225.93 2432.38

Wal-Mart Stock Mutual FundInitial Amount 1000 1000Year 5 1758.11 2137.10Year 10 2725.60 3886.66

Growing

When should you start saving for retirement?

Age You Start Saving 25 35 45

Account at age 65 $1,424,811 $623,058 $251,691

Savings

• IRA Account• Tax deferred gains• Early withdrawal fees

• Roth IRA Account• Income taxed beforehand• Maximum contribution • Early withdrawal fees

• 401 (K)• Tax deferred• Employer matched contributions• Early withdrawal fees

Types of Retirement Accounts

Obstacles Benefits Potential harm Future Implications

Credit as a Tool

Credit card vs. debit card Difficulties of getting approved Potential options

Getting Started

Perks or Potential Headache?

Credit Monitoring Websites:◦ https://www.creditkarma.com/auth/logon/◦ https://www.credit.com

Minimum Balance Calculator

Keeping Yourself on Track

$35,545 $39,613 $42,218 $50,150

What will YOU earn with your undergraduate degree?

$35,545 $39,613 $42,218 $50,150

What will YOU earn with your undergraduate degree?

$48,213 $50,554 $55,292 $64,500

What about with an MBA?

$48,213 $50,554 $55,292 $64,500

What about with an MBA?

…MS Accounting? $48,335 $50,000 $53,000 $85,000

$48,335 $50,000 $53,000 $85,000

…MS Accounting?

HINT: Industry average is 49%

What percentage of those graduating from UB SOM will find full-time positions, in a related field, within 3 months of graduation?

HINT: Industry average is 49%

MBA:◦ 86%

MS Accounting:◦ 89.3%

What percentage of those graduating from UB SOM will find full-time positions, in a related field, within 3 months of graduation?

Return on Investment:UB SOM is one of the Best in the Business Estimated Tuition and Living Expenses (SUNY 2020):◦ 2013-2014: $20,282◦ 2014-2015: $20,582◦ 2015-2016: $20,882◦ 2016-2017: $21,182

Total Estimated Cost: $82,928 Average Student Debt upon Graduation: $13,500

You will earn back your investment in 2.3 years

Let’s take a closer look at Syracuse University:

You will earn back your investment in 4.6 years◦ Average starting annual salary of a Business School

Undergraduate: $50,210◦ Estimated Tuition and Living Expenses: $57,450

Predicted to increase 3% per year◦ Average Student Debt upon Graduation: $31,810

Return on Investment:UB SOM is one of the Best in the Business

Consider opportunity to have educational value Think of the opportunities UB SOM can provide for

you:◦Working coincide distinguished professors◦ Networking with recruiters and other professionals ◦ Taking on and assuming leadership roles

Beta Alpha Psi as well as 19 SOM clubs with E-Board positions Countless group projects and classroom activities

Understand the true value of your Education