1. T EEN M ONEY M ANAGEMENT Presented by Glendale Public Library Instructor: Annette Fisher

2. W HAT WE LEARNED YESTERDAY Goals Interest/Savings Bank Accounts Net Worth Budgeting

3. L ET ’ S R EVIEW What is a Goal? What is the difference between short-term and long-term goals? What can you do with a checking account? What makes it different than a savings account? Who insures banks against customer losses?

4. L ET ’ S R EVIEW What is Net Worth? How do you calculate it? Why should you budget? How do you budget? What can happen if you don’t budget?

5. W HAT WE WILL LEARN TODAY : Auto Purchase and Insurance Planning for college Housing

6. W HAT WE NEED TO KNOW ABOUT PURCHASING A C AR Shop for money first Find the cars value – Bluebook, Cars.com Check out the car history – Carfax Determine if the car might have issues Get Insurance

7. A UTO I NSURANCE What determines your insurance rates?

8. I NSURANCE R ATES D EPEND ON : Age Driving Record Vehicle Vehicle’s age Where you live

9. T YPES OF C OVERAGE Liability – protect you in case you are at fault for an accident. You could be liable not only for the damages to the other car but also medical expenses, lost wages and pain and suffering for anyone injured. Collision – This coverage pays for repairs to your vehicle, or for the replacement of its market value if it’s totaled when you collide with another car or hit something - regardless of who is at fault. Comprehensive – This coverage pays for repairs or the replacement of your car if it is stolen or damaged in a fire, flood or high winds.

10. A UTO I NSURANCE Most states have a minimum coverage requirement Most states require uninsured/underinsured motorist coverage How to save some money. http://www.iii.org/media/av/savemoney/

11. P LANNING FOR C OLLEGE – G REAT WEBSITES A VAILABLE http://www.college.gov/wps/portal http://www.students.gov/STUGOVWebApp/Public http://www.crown.org/pamphlets/pdfs/CFI01Colle geFunding.pdf https://studentaid.ed.gov/PORTALSWebApp/stud ents/english/index.jsp?backURL=null&Language =en&returnurl=/students/english/index.jsp

12. P LANNING FOR H OUSING Once you have completed your budget worksheet, and know what you can afford for housing, its back to the web Apartments. com http://www.apartments.com/http://www.apartments.com/ Apartment Guide http://www.apartmentguide.com/ http://www.apartmentguide.com/ Rentals http://www.rentals.com/ http://www.rentals.com/

13. W HAT WE LEARNED ABOUT TODAY Purchasing a Car Planning for College Looking for a place to live