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

2. Anyone want this?
40k: Win, Marry, Inherit, Sue, Budget or Pay Yourself First

3. Life = Making Decisions
6-10 Money Decisions/Day
$4.00 coffee/day = $1,460/year
“Live like a student in college, so that you don’t have to live like one after graduation”

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
$37,172 nationally vs. $24,744 Southern = $288/month for 10 years
Student loans appreciate in value
If earn $25,000/ year more with a degree
X 40 working years = $1 million more
Invested $24,744 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

8. Time is money

9. Credit Cards Have one card, no annual fee, and use sparingly
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
Bankrate.com & cardratings.com

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. GO TO CLASS!
$57