1. $mart Money Management
Financial Literacy & Advising
Lew DeLuca, Wintergreen Building, 108E

2. GO TO CLASS!
$59

3. Life = Making Decisions
6-10 Money Decisions/Day
$4.00 coffee/day = $1,460/year

4. Monthly INCOME EXPENSES Grants & Scholarships Tuition & Fees Loans
Books & Supplies
Employment
Room & Board
Gifts
Transportation
SAVINGS!

5. Making progress…

6. Loans Money borrowed then repaid with interest
NSLDS
$37,172 nationally vs. $26,946 Southern = $272/month for 10 years
Student Loan Rules
Student loans appreciate in value
If earn $25,000/ year more with a degree
X 40 working years = $1 million more
Invested $26,946 for $1 million ROI

7. $ Saving Tips EARN > SPEND Buy used or rent textbooks
Use college student discounts (UNiDAYS)
Pay Unsub loan interest now
Limit financial aid refunds
Checking vs Savings accounts

8. Time is money

9. Credit Cards Have one card, no annual fee, and use sparingly
Bankrate.com & cardratings.com
Pay bill in-full and on-time (46% do not)
---OR---
$1,000 bill, 20% interest, and pay $40 minimum/month = 74 months to pay + $561 interest
A Student’s Story

11. Credit Report/Scores Credit = your financial report card
Information remains for 7-10 years
Credit score > GPA

12. FICO Score

13. Life After College Gross vs. Net pay
$36,000 salary = $3,000/month ???
Pay yourself first - save 10% earnings
Retirement: 401k/403b (5% me, 8% co.)
Rule of 72 (72/interest rate to double your $)

16. The Index Card, by Helaine Olen and Harold Pollack