1. Let’s Talk About Money & how make it makes cents!

2. What is something you would like to buy in the next month?

4. Savings the amount of money that you have saved especially in a bank over a period of time Merriam-Webster Dictionary Online

5. Debt the state of owing money to someone or something Merriam-Webster Dictionary Online

6. Good Debt VS Bad Debt  Good debt includes anything you need but can't afford to pay for up front without wiping out cash reserves or liquidating all your investments.  Bad debt includes debt you've taken on for things you don't need and can't afford. CNN Money Online

7. Debt Snowball An easy method of debt repayment where the debtor pays off the debt with the smallest balance first while paying the minimum on the other debts. Oak View Law Group Online

8. List of Debts Minimum PaymentAmount Owed  Vehicle  Credit Card  Student Loans  Medical Bill Debt  $10,100  $250  $4,125  $1,150  $300  $25  $150  $50 Total Debt of $15,625

9. Debt Snowball Steps 1. Put $1000 in your emergency fund and DO NOT TOUCH IT FOR ANY REASON EXCEPT MAYBE YOU'RE DYING AND IT'S YOUR LAST RESORT. 2. Find out how much extra money you can spare to put towards your debts each month. 3. List your debts from least to greatest. Pay off the smallest amount of debt first using the minimum payment plus the spare money you found somewhere. This will create the first "snowball”. Don't worry about interest rates, just the amount owed. 4. Repeat the process, making larger and larger "snowballs" until you are debt free!

10. Step 1:  Put $1000 in your emergency fund and DO NOT TOUCH IT FOR ANY REASON EXCEPT MAYBE YOU'RE DYING AND IT'S YOUR LAST RESORT.

11. Step 2:  Find out how much extra money you can spare to put towards your debts each month. For this example, we have $100 extra.

12. Step 3:  List your debts from least to greatest. Pay off the smallest amount of debt first using the minimum payment plus the spare money you found somewhere. This will create the first "snowball”. Don't worry about interest rates, just the amount owed. Minimum PaymentAmount Owed  Vehicle  Credit Card  Student Loans  Medical Bill Debt  $10,100  $250  $4,125  $1,150  $300  $25  $150  $50

13. First Debt Payoff: Credit Card Credit Card Medical Bill Student LoanVehicle

14. Step 4:  Repeat the process, making larger and larger "snowballs" until you are debt free!

15. 2 nd Debt Payoff: Medical Bill Credit Card Medical Bill Student LoanVehicle

16. 3 rd Debt Payoff: Student Loans Credit Card Medical Bill Student LoanVehicle

17. 4 th and final Debt Payoff: Vehicle Credit Card Medical Bill Student LoanVehicle If you would have just paid the minimum payments you would still have about 9 more months of payments on your vehicle and 2 more months on your student loans.

18. Find a partner and let’s go! Minimum PaymentAmount Owed  Student Loans  Vehicle  Credit Card  Bedroom Set Debt  $4,200  $11,075  $450  $2,475  $150  $275  $25  $75 Total Debt of $18,200 http://youtu.be/VZ2HcRl4wSk Extra income is $125