1. Warm-up What would be your ideal job? How do people get a job?
What will your life be like at age 30? What kind of job might you have? Where do you see yourself living?

2. Unit 7: Personal Financial Literacy
The basics

3. Shelter
rent an apartment/house, buy a house, share a house with roommates, live at home
Where do you look for a place to live?
Cost of furnishing the house: usually about 15% of housing cost
Your total monthly payment should be about 20-30% of take home pay after taxes

4. Shelter Estimate basic expenses(monthly and annual):
Security deposit: one month’s rent ahead of moving in. usually get it back after the lease ends.
Insurance (rental or homeowners): this covers theft, flooding, and other things that might happen.
Electricity and Gas: this is cost for cooling and heating your home.
Water/garbage: Sometimes included in rent payment, but not always. (Sometimes paid to the city)
Phone: Decide whether you will have a land line, or cell phone or both.
Cable/Internet: Include basic cable and any extended service that you might have. Does it include Internet connection?

5. 10 Things to Remember when Renting an Apartment
If it sounds too good to be true, it is!
Look at your exact unit…not a model.
Read the contract!
Take pictures of the unit when you move in and again when you move out.
Give list of damages and conditions to the landlord upon move in. Keep a copy for yourself.
Request response to #5 in writing and keep a copy.
Pay rent on time but absolutely no later than 10 days late…and PAY the late fee.
You must pay rent until a magistrate or judge says otherwise.
Use student legal services at your university or call Legal Aid if you need legal advice.
Your security deposit must be returned within 30 days or or you must be informed why it is not being returned. If this notice does not happen by 30 days, you may sue in small claims court.

6. Websites
Google ‘apartments in durham nc’
Trulia
Zillow

7. Transportation
Car (own or lease, new or used), carpool, bus system, subway
Where do you find these?
Monthly and annual budget for
Gas
Regular maintenance (assume $30-50/month)
Insurance (required): collision, comprehensive, liability, etc.
Ask students if they have ever considered buying a car or if they currently own a car. Have them identify potential costs they may have when owning a car.
Collision: covers damage to your vehicle
Comprehensive: covers other damage like theft, vandalism, natural disasters
Liability: property and bodily damage to people who are not on your policy

8. Transportation
Know the value of the car and what you want in a car before going to buy one!
Be wary of important-sounding but unnecessary add-ons unless you already decided that was important
A new car will lose ½ it’s value in 3 years
Used cars
Get ALL service records on the car
Have an independent mechanic inspect it before you buy it
Get it in writing
Add-ons: rust protection, fabric protection, paint sealant, extended warranty
How do you decide what you need in a car?
How many people need to fit?
How much cargo space do you need?
What weather/road conditions will you encounter?
How often will you use your car?
How many miles will you log? What is an acceptable mileage on the car?
How much can I afford to pay?

9. Car Loan Calculator
Even if you decide to get a bike or take the bus, you should try to look at getting a car for the practice
Down payment $0, so the loan amount is for the total value of the car you choose.
Interest rate 8%
Loan period 2 years or 48 months

10. websites
Google ‘car loan calculator’ and google has it’s own system you can use
Cars.com
Carvana
Carmax

11. Budgeting
Make a list of the things you buy each month and compare it with how much money you take in each month
Services to help you
Mint
You Need a Budget
Every Dollar

15. Pretest