MONEYMANAGEMENT

HOW MUCH $ DO I REALLY NEED?

M

A

N

A

G

E

Earning

Budgeting

Spending

Saving

Investing

MYTHS

Financial Aid is difficult to get

I won’t be eligible for Financial Aid

All Financial Aid must be paid back

EARNING $ O

n C

am

pu

s

In y

ou

r fie

ld

On

a S

ch

ed

ule-SAVES TIME

-FLEXIBLE

-SAME HOLIDAYS

-MERGE EFFORTS

-NETWORKING

-CORRELATED

-INTERESTING

-BUILD SUPPORT

-ADD/DROP

-M/W OR T/TH

-ONLINE CLASS

-KEEP FOCUSED

(helps determine your eligibility for other financial aid)

T

I

P

S

Scholarships = don’t give up

Loans = last resort

• Private vs. Federal

• Subsidized (delayed interest)

• Unsubsidized

Money Rules = Smart

• Apartment Buddies

• Fun Money

• Rent Due

• Credit Card Payments

BUDGET successful budgeting=

BALANCEBreakdown

30%Voluntary

Obligations

50%Absolute

Necessities

20%Financial

Obligations

Add your total income after tax

Housing/Groceries

Tuition/BooksTransportation

Utilities/Bills

Savings

Debt Payment

Retirement/

Emergency Funds

Internet/Cable/Phone

Dining Out

Shopping

Travel/Movies

Spending Pit

Saving Your $ Credit Unions

• Owned by members

• Not for profit

• Earnings returned to members

in services like FREE atm,

better rates, lower fees

Banks• Owned by stockholders

• Seeking a profit

• Earnings go to outside

stockholders in the form of

dividends.

Questions???