1. Welcome to the Kappa Financial Literacy Foundation
OUR MISSION: To teach young people to make fiscally sound decisions.

2. INVEST IN YOURSELF
You are your own Corporation and you should act that way.
You have Revenue and Expenses.
You must create capital to use for other purposes:
Major Purchases – Home and Car
Investments – Today and for the Future
Enhancing the lives of your children and grandchildren.

3. How to Start Investing
While living with your parents, save at least 20% of the income from your job – whether part-time or full time.
When on your own, you should save at least 10% of your income each pay period.
Collect any Free Money – if your employer has a contributory program to a 401k retirement plan, invest in it an amount that gets every dollar they provide.
When to invest – today and tomorrow – Don’t wait.

4. Management of Expenses
Your Word is your Bond
How you manage your Word is viewed by your Credit Report.
Paying your bills on time reflects that you stand by your Word.
Your Credit Score is your Grade and is viewed as your “transcript” of Life.

5. Living Within Your Means
Determine what you need to Live the Life you can afford – not what you think you Deserve.
Don’t try to keep up with the Jones’ (your friends or neighbors). You don’t know their issues (Good & Bad).
Your Parents know about Lay-A-Way. It has been replaced by Credit Cards, making you an indentured servant not in charge of your life.

6. Management of Your Credit
Credit scores range from a low of 309 for Trans Union to a high of 844 for Experian
Excellent Credit = 750+
Good Credit =
Fair Credit =
Poor Credit =
Bad Credit = Below 600

7. How to Improve your Scores
Paying your installment bill (car, home, home improvement, student loan) before the due date.
If you have multiple student loans, consolidate them into one student loan. Although the amount outstanding doesn’t change, the number of creditors with a balance is reduced.
Keep your credit cards at a balance that is less 50% if your credit limit for that card.

8. Plan your Life
Make plans for the future – steps needed to accomplish your desired careers.
Make plans for the future - live on your own terms regardless of what the government does with social security.
Make plans for the future – You are not guaranteed that you can live as well or better than your parents. Chances are that you will live longer than your parents so you need to plan accordingly.

9. Welcome to the Kappa Financial Literacy Foundation
OUR MISSION: To teach young people to make fiscally sound decisions.
MY MISSION: To Be Sure I Have Helped.
Questions