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Published byOpal Norris Modified over 9 years ago
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By Stephanie Vargas & Beatriz Rivera
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an itemized estimate of income and expenditure for a set period of time
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Bad Good
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Income Information Take-home pay Freelancing Freelancing (Average) Trust Fund Work-at-home projects Work-at-home projects (Average) Essential Spending Rent or mortgage Rent or mortgage (Fixed) Utility bills Utility bills (Fixed) Food you buy at the grocery store Food you buy at the grocery store (Flex)
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premium cable services pay-per-view movies cell phone service
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Give yourself a fixed amount that you can spend per week and DO NOT EXCEED https://www.youtube.com/watch?v=XoPeI M4Ywhs&feature=youtu.be
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Food Telephone Housing Vehicle/Health Insurance Text Books Tuition Clothing Entertainment Traveling
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Use cash instead of debit card. You think twice about spending that money once you have it in your hand.
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Mistake #1: Forgetting to write down expenses Mistake #2: Intentionally not writing down purchases Mistake #3: Buying on impulse Mistake #4: Becoming the victim of budget busters Mistake #5: Being so frugal it makes you miserable Mistake #6: Ignoring the time value of money
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#1 thing to keep in mind…Keep trying! You will never master this if you give up.
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way
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Ally Bank Capital 360 Barclay Discover (minimum deposit of $500)
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Well you should! Here is why…
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Fact: You start early, you will be financially independent by the time you retire!! Your money grows at an accelerated rate with hardly any extra work on your end. That’s FREE MONEY that will earn interest!
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Discount brokerage firms like: Scottrade E-trade Ameritrade
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Rich dad poor dad Multiple sources of income Download Finance tracking Apps like Mint Look into LearnVest Learn about investments through independent brokerage firms like e-trade
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Tuition deduction education tax credit Choose either Tuition deduction or one of the education tax credit loan interest Student loan interest deduction itemize You can itemize your deductions mileage entertainmentdining You can also deduct mileage, entertainment and dining (up to 50%)
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If you have any questions Email Stephanie vargass3@lamission.edu Stephanie vargass3@lamission.eduvargass3@lamission.edu Or Beatriz riveraba@lamission.edu Beatriz riveraba@lamission.eduriveraba@lamission.edu Phone (818) 364-7600 Ext. 4161
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