Let’s Talk Money! Presented by

Your money know-how  Basics of money management  Debit Card  Credit & you  Student loans

Basics – right starting point  Manage your accounts  Checking, saving, credit card and debit card  Keep track of all your “spending”  If you don’t have it – don’t spend it!!  Use account options to save you $$ and time  Mobile and online banking  Account alerts  Direct deposit

Your responsibility to avoid overdrafts  Overdrafts occur when you spend more money than you have available in your account  You need to know your available balance*  All transactions are your responsibility  Know before you buy**  Stay alert to your account activity *Please note that some transaction activities (such as outstanding checks and some Check Card purchases) may not be reflected in your available balance. **Compare what the bank shows as your available balance to your own records, and account for transactions you have initiated that may not be included in the bank's available balance (outstanding checks and some check card purchases).

Debit Card (aka Check Card) Allows you to:  Enjoy a faster, safer, easier way to pay for everyday purchases  Make bill payments with your service providers  Perform ATM transactions  Avoid interest rates  Money comes out of the primary checking account linked to the card  Track Debit Card purchases anytime  Through online banking or on your checking statement

Your credit basics  Exactly what is credit?  Why should I care?  How do I get it?

Credit card realities  It’s a loan  Limits are real  So many offers  Rewards  Cash back  Personalize But...

How did you use that card? Coffee & Pizza – 1 year 200 $3 $ $15 $1,500 Total credit card debt: $2,100 So interest w/min. payment Yikes…7 years to pay off + $700 in interest – total cost to you is $2,800!

Your credit profile  Credit report  Credit score  Why should I care?  Your job or housing  Check yearly Annualcreditreport.com

Paying for college  Be smart about where you get money for college  First, use money you won’t have to repay like scholarships and grants Search for scholarships and grants at  Next, consider money you work for through a work- study program at your school  Then, use student loans  Federal student loans – apply for these by completing a Free Application for Federal Student Aid (FAFSA)  Private student loans – available from private lenders to cover additional costs  If you need to borrow  Borrow only what you need  Keep track of your loans and estimate your eventual monthly payments  Be realistic about your starting salary

For more information….  Visit the Hands on Banking ® program:

Thank You!