Publications: 82 | Followers: 0

Budgeting 101 - sfa.mst.edu

Publish on Category: Birds 0

Budgeting 101
Brought to you by SFA
Budgeting: What, how, when,and why
WHAT: To plan expenditures for everyday lifeHOW: WE WILL SHOW YOU!WHEN: Everyone should always have a budget whether money is an issue or not; emergencies can happen anytimeWHY: Everything requires money and it feels good to know limits and set boundaries
Keep in mind
IncomeExpendituresNeeds vs. WantsFuture expendituresEmergenciesShort term and Long term
Statistics
Average Debt of graduating College Students: $26,600Average Credit Card Debt: $15,185Average Mortgage Debt: $147,133Young adults are most likely to go bankrupt than any other age groupsAverage yearly income perhouse hold: $50,054
Consequences
Don’t have enough money to pay for next month’s rent/utilities/ or school tuition?Don’t forget about late feesNomoney for emergenciesDon’t forget about bankruptcy or low credit score
TIPS
Online BankingKeep your Budget somewhere closeWait a week before making “want” purchases that are over $15.00Make an allowance for yourself
Think about the future
Things to keep in mindUnexpected Hospital/car/house/technology bills or loss of incomeFuture marriage plansPaying off student loans

0

Embed

Share

Upload

Make amazing presentation for free
Budgeting 101 - sfa.mst.edu