Save and BudgetYour pinnacle could constitute starting a center to help juvenile delinquent kids.

By Tanya HargroveInformation based on Dave Ramsey’s College Foundations

Career Center Purpose

The Career Center Purpose is to serve by inspiring

and supporting professional success.

Step One: Emergency fund $500 (Pay yourself 1st-Now)

Step Two: Attack snow-ball debt Step Three: After graduation: Fully

funded emergency fund 3 to 6 months Always have a separate saving account to save money for education, car, holiday and birthday gifts

Emergency Happens! Beginner Emergency fund – 500.00 to

1,000.00 (only 1,000.00 if you make $20,000+)

Not an investment –Not to be use for purchases

Emergencies will happen:o Flat tireo Loose walleto Medicalo Injuredo Speeding ticketo Lost jobo Unseen class material fee

Saving An Emergency FundHow?

Money Spent Monday – FridayMcDonalds $4.00 (Lunch or Dinner) $20.00 Candy Bars or Chips $1.25 $6.25 Coffee or Soda: $ 2.25 $11.25Amount a Week $ 37.50Amount a Month $150.00Amount in a Year $ 1,800.00You do have money to saveInsulated Lunchbox (Cook – Make a sandwich)Use Campus and Civic Engagement microwaves

Breaking the Chains of Reckless Spending

Ways to Save Money nowo EntertainmentMoviesA. AMC regular = $10.25B. Regal matinee = $6.00C. Movie 8 = $4.00D. Redbox = $1.65E. Free entertainment on campusF. Parties - keep at a low cost

1,800.00 from last slide + $72.00 in a Year = $1,872.00

SAVE YOUR WEALTH

For example: Save $72 a year by not going to a matinee once a month and by not eating at a fast food place

like McDonalds

Rise Above What is CommonSave Your Change You Receive After Shopping

The 365 Day Money Challenge Will Save You $668, 4 years[ 668x4 = $2,672.00]

You’re Not to Young to Start Saving

Watch this Video Funny Money Cartoon: Building Long-Term

Wealth https://www.youtube.com/watch?v=23zghpS9034

https://www.youtube.com/watch?feature=player_detailpage&v=23zghpS9034

Clothes, Utilities, Bills &Personal Care

Technology Phones

Cable or

Netflix? Internet

Fees to Notice o Bank Fees o Late Chargeso Check bills and

receipts

Buying Clotheso Consignmentso Goodwillo Salvation Army

Phones: Prepaid phones, buy out of contract phones (used ones),it’s more money than you think when you find out the total cost of the contract; also, use Wi-Fi at home or work or when ever you can for data charges, they can add upThe Career Center can help with clothing for those seeking employment other professional needs

6 Cost-Effective Alternatives to Cable 1. Online Network Channels (free)Most major

networks are now posting recently aired episodes to their websites for a limited amount of time

2. YouTube/Vimeo (free)YouTube is well known for distributing viral content like Auto-Tune the News and Evolution of Dance. But it’s also a great place to get an education.  

3. Hulu (free or $8 per month)While Hulu’s free version allows viewers instant access to a limited number of TV episodes through a web browser

HDTV Antenna ($25 and up) Not only do they look better than the finicky metal rods, but the HD quality is even better than what you get over a cable line. Plug this into a TiVo box, and you can also get full DVR scheduling and recording on all available over-the-air channels. See what stations are available in your area at www.antennaweb.org.

6 Cost-Effective Alternatives to Cable Continued… 4. Netflix ($8 per month)Since Netflix posts entire

seasons all at once, it’s a great place for binge-watching. You’ll just have to wait until a season ends to even get started. But hey, no commercials. Accessing the service shouldn’t be a problem either. app. 

5. Amazon Prime ($100 per year)What initially began as a way to get discounted shipping is now a major contender in the online streaming market. 

6. Sling TV ($20 per month)Sling TV launched in January with its Best of Live TV package. It includes 17 live channels like AMC, CNN, ESPN, ESPN2, HGTV and Disney

Having Money for CollegeTRY Not To Take out a Loan for College

o Choose an affordable college - Like TCC (Look into how much federal and state aid that they will offer you)

o Work and save money before starting collegeo Don’t continually fail and drop Classeso Get a certificate to find a better paying job; then

use the money from your new job to pay for college; Try to find a job that has tuition reimbursement

o Find a major at a college were you have to pay Little or No tuition (like work study) because there is a great community demand for you degree

TRY Not To Take out a Loan for College

But if You Do Find a job you love! Know that your major

grants you marketable skills. Research Project Growth and Demand and look at the Current Unemployment Trends in the Occupational Outlook Handbook , www.tcc.fl.edu/careercenter under Career Exploration and Planning tab.

Every college and university in the U.S. now has its own on-line net price calculator. Use it to find out approximately what you will have to pay to attend their college

Types of Loans

Subsidize Loans(Undergraduate – Need Based Loans ) Government pays the interest for you while you are in school.Unsubsidized (Not Need Base) You pay for interest for the life of the loan.. The more you borrow the more the loan companies make (Always pay the interest rate when you make your payments while you are in college)

WARNING When loan goes into default charges go up. The lender

may garnish your wages. Many states can also cancel your professional license such

as those for Teachers, Lawyers and healthcare workers making it impossible to find work.(CBS News Jane Quinn)

Most student loans cannot be discharged in bankruptcy

Late fees and collection fees can ruin your credit score.

Instead of Loans Apply forScholarships and Work

This Kind of Hard Work = Money Going to college in-state is cheaper (They may have

scholarships that are not published) Work hard in your academics to get more scholarships

Research into departmental programs at colleges that offer scholarships

Work hard in school to get on the deans list or participate in a honors program. This may lead to a chance to obtain a full scholarship (Know that It is smart to go to a two year college and transfer to a high ranking college with a scholarship).

Treat your research for money for college like a part-time job, and you will get paid. Hard work = $

Example: 3 hours to write a essay to receive a $500 scholarship means that you have just earned approximately $167 an hour

Credit CardsHow the Bank Gets Rich Off of You When You Use the Highest Interest Loan Called

the Credit CardPeople spend more money, about 13% more, with credit cards than they do with debit cards or cash. Credit cards add more to your purchases with late fees, interest and increasing rates. You just paid for your credit card perks. You are encouraged to spend more to get perks Total consumer debt at the end of 2015 was $13 trillion. Well, the national debt is okay as long as you have a good FICO

score. Therefore, system in our society encourages you to spend and not save.

Don’t accept the mentality that debt is a normal part of life just because our society

accepts it as normal Be Smart and Live above the norm!

Fair Isaac Corporation (FICO) is a publicly traded company that offers a service to financial institutions to underwrite the risk of granting a line of credit or loan called a credit score (Investopedia/Dictionary.com)

How FICO is all about how much you spend and not about how much you save.

The Message of the FICO Score It tells you how good you are at getting in debt,

staying in debt and paying off the debt and getting in debt again. The nation’s judgment on you is based on your debt alone. Is this fair?

It is a merry go round leading to a life long slavery to debt.

Will you have high FICO points for being in debt or will you decide to live in financial freedom!

Questions to Ask Yourself  Does the FICO encourages you to increase your

saving account, to save for emergencies or for college or retirement?

Does it give you bonus points on having a budget, so you can save instead of adding to our nations debt problems through the use of credit cards and loans?

No to Credit Cards College students receive an average of 4 mailing each month encouraging them to apply for credit cards

By the time a college student has graduated, chances are that he or she will have more than $3,000 in credit card debt — and have four or more credit cards.

It’s a merry go round for a life long slavery to debt

Say No to Credit Cards

Credit card interest rates increase when you can’t pay off your balance in full each month

Financing your purchases does not help you to keep a budget

No Emotional Spending –Think First

Interest Rates

How to Build Your Credit Without Using the FICO Score.

Payment Reporting Builds Credit (prbc.com), a national company that has been around since 2002 and allows consumers to sign up for free and self-report payments like rent, rent-to-own purchases and utilities like your water or electric bill. (U.S.NEWS & WORLD REPORT)

Banks, Employers and Loan Companies use this service

You must STILL pay your bills on time

Save a small amount each month for a certain amount of time before you make your purchase

Try to have NO Loans, But if You DoBe able to pay back the loan in 5 years after you graduate and get a job.You May Have to Work Two Jobs to Do ThisFor Example:10 years Loan Payment or [5 Year Loan Payment / 5 Years of Investing]Loan 48,000 Loan48,000Amount of savingsMonth = $400 Month = $800 Month = $800Year = 4,800 Year = 9,600

Year = 9,600Year = 10yr x $4,800 Year = 5yr x 9,600 5yrs-Total = $48,000Reasons to pay it off in 5 years:You may get ill (medical bills)EmergencyLife gets in the way (children, etc.)Pay off loans early to Start saving and investing (Literally….Live a richer life! )Anyway, if you keep saving $800 a month and put it in a mutual fund you could start saving earlier for your house and retirement. Build Wealth not debt to help yourself and others

How to Do a Zero Based Budget…Know Where Every Dollar GoesUse Only Debit Cards or Cash

You must Fight and It Will Be HardBut How?

Again Baby Steps1. First Save $500.00 to $1000.00 for an emergency2. Then start paying off bills Budget Tool: Personal Finance Software and Budget A

pp – EveryDollar https://www.everydollar.com

It may take 3 months of trail and error before you have broken off the habitual chains of reckless and mindless spending in order to master the task of controlling where every dollar goes. Be patient and forgive yourself when you mess up.

Then get back to a budget.

How to Do a Zero Based Budgetfor one Person

Making 1,050.00 a Month /Living with Roommates

A B CMonthly Bills Personal Needs DebtsRent: 350.00 Fun: 40.00 Credit Card: 500.00 Utilities: 30.00 Food: 180.00 Pay 25.00 a Month Clothing: 40.00 Personal: 30.00 Car Loan: 2,000 Fuel: 80.00 Car Insurance: 80.00 Pay 70.00 a MonthHealth Ins: 30.00 Phone: 45.00

Total Expenses (A+B) Total Debt (C) Amt. Left Over $905.00 $2,500.00 $50.00 (only for debt payment)

How to Do a Zero Based BudgetUse Only Debit Cards or Cash

Step One: Add the amount you have leftover to your debt payments each month Amt. left over each month goes to smallest bill Your $25.00 payment plus your $50.00 you have

left over Credit Card Debt: 500.00 -> 500/75.00 = 7

months Bill paid off in 7 months.

Now you have an extra $75.00

Don’t go shopping!

To A Life Without DebtRemember you are paying $70 on your car loan and now you have and extra $75Step Two: Now add ($75+ $70.00) = $145.00 to your next smallest debt payment.. Car Loan: 2,000 Credit Card: 2,000 -> 2000/145.00 = 14 months

Debt free in14 months. Now you have an extra $145.00

Debt free!However-

Repeat this step depending on how many debts that you have. This is a way to pump you up to pay off bills faster

Now you have wealth - Save and invest Your Wealth and never get in

debt again!

Rachel Cruze: Our Generation and Debt

https://www.youtube.com/watch?v=qbRBEdUxYko

Live BELOW Your Financial MeansBudget and Save NOW, Live Debt Free!

It Make Cent$!

Save and BudgetYour pinnacle could constitute starting a center to help juvenile delinquent kids.

By Tanya HargroveInformation based on Dave Ramsey’s College Foundations

Career Center Purpose

The Career Center Purpose is to serve by inspiring

and supporting professional success.

Step One: Emergency fund $500 (Pay yourself 1st-Now)

Step Two: Attack snow-ball debt Step Three: After graduation: Fully

funded emergency fund 3 to 6 months Have a separate saving account to save money for tuition, car, holiday and birthday gifts

Baby Step One: Saving An Emergency Fund

How?Money Spent Monday – FridayMcDonalds $4.00 (Lunch or Dinner) $20.00 Candy Bars or Chips $1.25 $6.25 Coffee or Soda: $ 2.25 $11.25Amount a Week $ 37.50Amount a Month $150.00Amount in a Year $ 1,800.00You do have money to saveInsulated Lunchbox (Cook – Make a sandwich)Use Campus and Civic Engagement microwaves

How to Do a Zero Based Budgetfor one Person

Making 1,050.00 a Month /Living with Roommates

A B CMonthly Bills Personal Needs DebtsRent: 350.00 Fun: 40.00 Credit Card: 500.00 Utilities: 30.00 Food: 180.00 Pay 25.00 a Month Clothing: 40.00 Personal: 30.00 Car Loan: 2,000 Fuel: 80.00 Car Insurance: 80.00 Pay 70.00 a MonthHealth Ins: 30.00 Phone: 45.00

Total Expenses Total Debt Amt. Left Over $905.00 $2,500.00 $50.00 (only for debt payment)

Baby Step Two:How to Do a Zero Based BudgetUse Only Debit Cards or Cash

Step One: Add the amount you have leftover to the monthly payment of your smallest debt Amt. left over each month goes to smallest bill Your $25.00 payment plus your $50.00 you have

left over Credit Card: 500.00 -> 500/75.00 = 7 months

Bill paid off in 7 months. Now you have an extra $75.00

Don’t go shopping!

To A Life Without DebtRemember you are paying $70 on your car loan and now you have and extra $75Step Two: Now add ($75+ $70.00) = $145.00 to your next smallest debt payment.. Car Loan: 2,000 Credit Card: 2,000 -> 2000/145.00 = 14 months

Debt free in14 months. Now you have an extra $145.00

Debt Free!However-

Repeat this step depending on how many debts that you have. This is a way to pay off bills faster

Now you have wealth - Save and invest Your Wealth and never use a credit

card again!

Stay Out of Debt!No to Credit Cards! College students receive an average of 4 mailing each month encouraging them to apply for credit cards

By the time a college student has graduated, chances are that he or she will have more than $3,000 in credit card debt — and have four or more credit cards.

It’s a merry go round for a life long slavery to debt

Fair Isaac Corporation (FICO) is a publicly traded company that offers a service to financial institutions to underwrite the risk of granting a line of credit or loan called a credit score (Investopedia/Dictionary.com)

How FICO is all about how much you spend and not about how much you save.

The Message of the FICO Score It tells you how good you are at getting in debt,

staying in debt and paying off the debt and getting in debt again. The nation’s judgment on you is based on your debt alone. Is this fair?

It is a merry go round leading to a life long slavery to debt.

Will you have high FICO points for being in debt or will you decide to live in financial freedom!

Questions to Ask Yourself  Does the FICO encourages you to increase your

saving account, to save for emergencies or for college or retirement?

Does it give you bonus points on having a budget, so you can save instead of adding to our nations debt problems through the use of credit cards and loans?

Say No to Credit Cards

Credit card interest rates increase when you can’t pay off your balance in full each month

Financing your purchases does not help you to keep a budget

No Emotional Spending –Think First

Interest Rates

Now You Know How to Save, Budget and Get Out of Debt

Lets Go to Baby Step 3 Savings After Graduation

Fully funded emergency fund 3 to 6 months Emergency fund –Not an investment –Not to be use for purchases

Also: Have a eparate saving account: save money for graduate program, car, holiday and birthday gifts

Now, what percentage should you save after your debt is paid off –Lets move on to the next baby step.

No FICO score, no loans, no debt so more money to save

What to Do Next You Have No Debt and a Emergency FundIn Baby Step 4, you put 15% of your income into retirement. That’s Roth IRAs, and matching 401(k)s as your first steps. After that, non-matching 401(k)s or 403(b)s and mutual investments

Baby Step 5, for your kids’ college. Baby Step 6, Pay off your mortgage off as fast as you can.

Baby Step 7, Now you are debt-free including the house, with retirement, and college underway. On average, the house and everything is paid off in about ten years

Roth IRA – Remember, You Have No Debt Save 15% of your income in Roth IRA A Roth IRA :o A retirement savings account that grows tax

free! You won't pay taxes as the money accumulates or when you cash it out at retirement.

o A perfect retirement account for young people because your money really adds up in the long run. Interest rates depended upon you types of investments – 3% to 12%

o Extremely flexible. You can invest in mutual funds, bonds or real estate.

401KEmployer Sponsored deferred Income Plan

o As awesome as that is, 401(k)s do have some shortcomings.

o First is a limited choice of mutual funds, which can keep you from investing in the best funds on the market.

o Second is the 401(k)’s tax-deferral. While it works to your advantage while you’re saving, it means you will owe taxes on the money you withdraw from your 401(k) in retirement.

• Savings and TaxesObtaining a big refund on income taxes means that you are loaning the government your money interest free that you will never see.

$3,000.00 refund that was loan to the government; however, that is $250 a month This as an investment could have went into your Roth IRA

If You Save it Each Month Instead of Getting it As A Tax Return: 12% of $250 for one year is 3,360 ($360 more) 12% of $250 for 10 years is $33,600 Use the Withholding Calculator at irs.gov

Buying a HomeBefore you consider buying a home, you should be debt-free and have three to six months of expenses saved in addition to your down payment. Being debt-free with money in the bank will keep you from losing your home in the event of a job loss or illness.Buy a home with a down payment of at least 10% on a 15-year (or less) fixed-rate mortgage. Limit your monthly house payment to 25% or less of your monthly take-home pay.

2,000.00 x .25= $500

Save money in an Educational Saving Account

Sometimes called an Education IRA. You can contribute up to $2,000 per year per child if your annual income is less than $200,000, and your money grows tax free when used for education expenses

Even if you child gets a full ride scholarship, money will still be needed or other living and college expense.

Consider opening a 529 plan, especially if your income is too high or you need to save more than an ESA will allow. Beware! Some are like bonds or pre-paid tuition. Make sure your state's 529 plan is "flexible," meaning you can choose the type of fund you invest in and the amount you invest in each type -

Make sure you can move money from one fund type to another.

InvestingGet to know the nature of each mutual fund. Choose good growth stock mutual funds by doing the following: Objectiveo This is a summary of the fund’s goal and the types of

investments it will make to achieve that goal. Fund Manager Experienceo Someone with at least five to 10 years of experience. Sectorso Sectors refer to the types of businesses the fund invests in,

such as financial services or healthcare. A balanced distribution among sectors means the fund is well diversified.

Performance (Rate of Return)o You want a history of strong returns for any fund you

choose to invest in. Focus on long-term returns, 10 years or longer if possible.

Performance (Rate of Return)

Cost Use Front-end load funds in which you pay fees and commissions when you make your investment. It allows your money to grow without being bogged down by expensive management fees. Also pay attention to the fund’s expense ratio. A ratio higher than 1% is considered expensive.Turnover RatioTurnover refers to how often investments are bought and sold within the fund. A low turnover ratio of 50% or less shows the management team has confidence in its investments and isn’t trying to time the market for a bigger return

Spread your money around to lower risk

Always get a statement on a regular basis every month to prove validity

Don’t buy all company company stock in your 401K …

this is putting all eggs in one basket. If the company goes out of business, you lose your money

Invest Only in Mutual Funds As the risk goes up you should

make a better return If you must have single stock

no more than 10% of your money in this fund.

When you buy a piece of stock you are buying a piece of ownership in the company, and your return comes as your company increase in value

Mutual FundsBuy stocks in many companies called growth stock mutual fundsBuy a mutual fund that has been around for twenty or more years and keep it (it will go up and down)So don’t pull out!!!Terms:• Bear market are bad losing 20% of value• Bull market are 20% increase market is doing wellDo not sell investments to pay off debt-why because it earning interest and that interest is earning interest so why would you want to cut that offMutual funds are long term investments-

72 Rule

Take the return of an investment, say 9% per year.  Divide 72 by 9 and you get 8.  That is the number of years it will take to double your investment.So if it is 12% divided into 72 = 6 so it will take 6 years for your investment to double.So have 12% and you invested $10,000 for it grows to 20,000 it would take 6 years(White Coat Investor http://whitecoatinvestor.com/the-rule-of-72-understanding-compound-interest/)

How Much to Save for Retirement

Save 8% of what you want to live off of in a year. If you want to live off of 40,000

a year then you save 40,000/0.08=$500,000

This is what you need when you retire

Rise Above What is Common Save Money to Save $1,378.00

52 Week Save Money ChallengeBy Jeffrey Strain, January 10th, 2013

www.savingadvice.com

How a 92 Year Old Janitor Made $8 Million | CNBC

Click icon to add picture

https://www.youtube.com/watch?v=unxPj_U2CkQ

My R:IQ - Chris Hogan

Live BELOW Your Financial MeansBudget and Save NOW, Live Debt Free!

It Make Cent$!

Save and BudgetTeaching your child to live in financial freedom

By Tanya HargroveInformation based on Dave Ramsey’s College Foundations

Career Center Purpose

The Career Center Purposeis to serve by inspiring and supporting professional success.

How Were You Taught How many of us look back on our

childhood and wish we would’ve been taught more about money?

It’s sad, but a lot of people graduate from college without any idea how to manage their money or balance their checking accounts. How does that happen?

It starts at home. If your parents were up to their ears in credit card debt, it’s unlikely that they taught you anything useful about managing money.

Teaching Your Children about Money

Kindergarten/Elementary1. Use a clear jar to save.The piggy bank is a great idea, but it doesn’t give kids any visual. When you use a clear jar, they see the money growing. Yesterday, they had a dollar bill and five dimes. Today, they have a dollar bill, five dimes and a quarter! Talk through this with them and make a big deal about it!

2. Set an Example.Little eyes are watching you. If you’re slapping down the plastic credit every time you go out to dinner or to the grocery store, they will eventually notice. Also, if at the end of every month, you and your spouse are arguing about money, they’ll notice. Set healthy examples for your kids, and they’ll be much more likely to follow it when they get older. Smart Kids LaunchpadActivities to Teach Your Kids about Money

http://www.smartkidslaunchpad.com

Show Them that Stuff Costs Money. You’ve got to do more than just say, “That pack of toy cars costs $5, son.” Help them grab a few dollars out of the jar, take it with them to the store, and physically hand the money to the cashier. This simple action will do more than just a five-minute lecture while shopping in the store.

5. Give commissions, not allowances.

In other words, don’t just give your kids money for breathing. Pay them commissions based on chores they do around the house like taking out the trash, cleaning their room, or mowing the grass. This will help them understand that money is earned—it’s not just given to them.

6. Stress the Importance of Giving.

Once they start making a little money, be sure you teach them about giving. They can pick a church, a charity or even someone they know who needs a little help. Eventually, they’ll see how giving doesn’t just affect the people they give to, it affects the giver as well.

Teenagers 7. Give them the responsibility of a bank account.By the time your kid is a teenager, you should be able to set them up with a simple checking account if you’ve been doing some of the earlier suggestions all along. This takes money management to the next level, and it will prepare them for (hopefully) managing a much heftier account balance when they get older.

↔

4. Teenages Show Opportunity Cost.

That’s just a fancy way of saying, “If you buy this video game, then you won’t have the money to buy that pair of shoes.” At this age, your kids should be able to weigh decisions and realize that each decision has a consequence.

“Help” Them Find a Job.Teenagers have plenty of free time—fall break, summer break, winter break, spring break. If your teen needs money (and what teen doesn’t need money?), then help them find a job. Who knew that working was a great way to make AND SAVE money

So Teach Your Kids toRise Above What is Common

Save Money

The 365 Day Money Challenge Will Save You $668, a Penny at a Time 668x4 = $2,672.00

Teach them the danger of credit cards. As soon as your kid turns 18, they will get hounded by credit card salesmen—especially once they’re in college. If you haven’t taught them why debt is a bad idea, they’ll become another credit card victim. http://www.cbsnews.com/news/resources-marketing-to-kids/

BEWAREIn 1983, companies spent $100 million marketing to kids. Today, they're spending nearly $17 billion annually.

That's more than double what it was in 1992.Marketing firms and advertisers are looking to a younger

demographic, increasingly targeting tweens and even younger children

By the time a college student has graduated, changes are that he or she will have more than $3,000 in credit card debt — and have four or more credit cards. As

young adults grow more comfortable with spending on plastic, credit card companies are aiming at making

a generation of future credit card users (CNN Resources Marketing to Kids – May 14,2007)

Remember, depending on your child’s development,… You might start teaching some of these principles earlier or later.It’s going to take an investment of time on your part, and it won’t always be easy, but if you want your children to understand how to successfully manage their money when they get older, following these guidelines will be completely worth it.

No Entitled Kids Here --Ep. 1https://www.youtube.com/watch?v=I5-L3op-WhA&list=PLG3zxqqaWnbcJvxcJPtXT_xkw1YvuyF0V&feature=player_detailpage

Click icon to add picture

Rachel Cruze

If you don’t teach your kids how to manage money, somebody else will. And that’s not a risk you want to take.

Teach Your Children toBudget and Save NOW- To Live Debt Free!

It Make Cent$!