1. Lets Talk Money! Presented by

2. Did you know? College students make up 10% to 15% of those seeking money-management help. Source: U.S. Department of Treasury

3. Your money know-how Current climate Basics of money management Why a spending plan Debit Card Credit & you Student loans Protecting your $$ & information

4. Todays climate…. Challenging economic conditions Competition for jobs Costs of housing Tight credit market Here are some facts…

5. Student financials Average cost of your education is $20,000+ per year Approximately 60% of you will graduate with more than $22,000 in student loan debt Average student credit card debt is $2,169 Sources: College Board Trends in College Pricing and Trends in Student Aid, 2008;Nellie May, 2006

6. Basics – right starting point Manage your accounts Checking, saving, credit card and debit card Keep track of all your spending If you dont have it – dont spend it!! Use account options to save you $$ and time Mobile and online banking Account alerts Direct deposit

7. 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).

8. Question? How many of you would go online to shop around for the best price for an item like concert tickets, computer equipment, etc.?

9. Spending Plan Your plan – your money Planning saves you $$ Minimizes out of control spending Easy tips for saving Automatic monthly transfer New money: ½ for you – ½ for savings Shop for thrift – save for excitement

10. Your basic budget Monthly income – Monthly expenses Housing Food Clothes Books & supplies Savings Fun Misc. (emergencies)

11. 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

12. Debit Card (aka Check Card) Why is it important to know your Daily Dollar Limits (DDL)? Where can you find your DDL? What is Zero Liability?

13. Lets talk credit How many of you have more than one credit card? Got a free t-shirt with your credit card? Actually know what your APR is?

14. How did you use that card? Coffee & Pizza – 1 year 200 lattes @ $3 $600 100 pizzas @ $15 $1,500 Total credit card debt: $2,100 So at @12% interest w/min. payment Yikes…7 years to pay off + $700 in interest --- total cost to you is $2,800!!

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

16. Credit card realities Its a loan Limits are real So many offers?!* Rewards Cash back Personalize But……

17. Select your card by costs! Love the t-shirt, but…. Annual Percentage Rate (APR) Fees & Penalties Cost of cash advances Rate increases Payment cycle These are the REAL need to knows…

18. The cost of APR Card Balance Interest Rate (APR) Minimum Payment Interest Paid $1,00014%$25$669.96 123 Months of payments Total paid $1,669.96 $1,0008%$25$289.93 97 Months of payments Total paid $1,289.93 Youve just charged $1,000… Illustration only

19. The costs of minimum payment You have got to have this $1,500 computer! Card balance$1,500 APR14.7% Lowest payment:$40 51 months & $521 interest >$2,021 Double lowest payment:$80 22 months & $215 interest >$1,715 Illustration only

20. The cost of credit card cash advance Card limit$1,000 Cash advance$1,000 APR24% Minimum payment$25 82 months - $1,035 in interest payments Total cost to you is $2,035 (+ fees?) Illustration only

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

22. Question? What was the average student loan amount I mentioned earlier?

23. Paying for college Be smart about where you get money for college First, use money you wont have to repay like scholarships and grants 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

24. Salary realities How much money do you think youll be making 2 years after graduation? What about the average salary of … An Accountant A Corrections Officer A Public School Teacher A Registered Nurse

25. Responsible borrowing Do you understand your student loan? Who is your lender? What are your loan terms? What are your rights and responsibilities as a borrower? What are your repayment options? How are you going to repay your loan? What is your financial plan? Did you answer I dont know to any of these questions? Then rundont walkto your financial aid office or your lender!

26. You can start to manage now While you are in school Know your student loan total – build it into your spending plan (future expense) Consider making interest payments while in school After graduation Stay connected with your lender Discuss payment options Key – is your effort

27. Factoid In 2008, there were 9.9 million reported identity theft victims in the United States! 1 in every 30 people… Source: 2009 Identity Fraud Survey Report, Javelin Strategy & Research, February, 2009

28. How pervasive is identity theft? Identity theft occurs every 2 seconds in the U.S. 1 out of 10 victims knew the identity of the thieves. Business loss per victim: $4.8K Total loss to business: $48 billion Source: 2009 Identity Fraud Survey Report, Javelin Strategy & Research, February, 2009

29. What personal info do you need to protect? Credit cards and reports Social Security card and drivers license Account numbers ATM and telephone calling cards Mortgage statements Date of birth Passwords and PINs Home addresses and phone numbers

30. Internet ID theft schemes Phishing: A criminal attempt to obtain personal info using email spam Pharming: A scam in which a malicious code is installed on a personal computer or server, misdirecting users to fraudulent websites without their knowledge or consent

31. Defend yourself! Shield your PC and wireless router with firewalls and software to catch viruses, spy ware and crime ware Avoid unknown sites offering free music and game downloads Ignore and delete emails urging you to click on a link to verify or provide account information

32. Online resources for YOU Hands on Banking ® Stagecoach Island ® Backstage@wellsfargo.com ® The Student LoanDown SM blog

33. Thank You!