it will be your money someday!. it will be your money someday! credit or debit? needs v. wants free...
TRANSCRIPT
It Will Be Your Money Someday!
It will be your money someday!Credit
or
Debit?
Needs
v.
Wants
Free stuffCarpe diem,
Semper eadem,Mo money,
mo problems
$100 $100 $100 $100 $100
$200 $200 $200 $200 $200
$300 $300 $300 $300 $300
$400 $400 $400 $400 $400
$500 $500 $500 $500 $500
$100
When you swipe this card with a VISA logo the money comes directly out of your checking
account.
Home
$100
What is a debit card?
$200
Using one of these is just like having a short-term loan.
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$200
What is a credit card?
Credit Cards are no different than a loan. If you are using credit cards and not paying your balance each month but are avoiding student
loans that is not a good strategy.
$300
When you don’t pay your credit card balance in full each month
you will accrue these.
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$300
What are finance charges?
Finance charges are based on your interest rate and will accrue daily
after your initial grace period.
$400
When you swipe your debit card a few times over the weekend but
don’t actually have any money you can accumulate a lot of these.
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$400
What are overdraft fees?
Most banks can prevent these charges by declining your card or you can tie
your checking account to your savings account if you have one.
$500
When you get a credit card the lender uses APR ÷ 365 to calculate
this.
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What is your daily periodic rate?
Yes, everyday interest accrues on your credit card if you don’t pay your balance. This is known as
compounding interest.
$100
The new iPhone 5.
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What is a want?
$200
Advertisers spent this much money to tell you what you
“needed” in 2010.
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What is $94,000,000,000?
One of the largest influencers on how we determine what we need comes
from advertising and media.
$300
Every semester you’ll need these and they are not getting any cheaper.
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What are textbooks?
Obvious, yes, but you’d be surprised at how easy it is not to plan for
things we know are coming.
$400
True or False
If something is a “want” that means you cannot have it.
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What is false?
You can have it but you need to plan for it and it needs to be
purchased on your terms…no buyer’s remorse or retail therapy.
$500
This song catapulted the album Paper Trail to double platinum
with it’s self-help, money management lyrics.
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What is Live your Life?
“Now everybody watchin’ what I do come walk in my shoes and see they way I’m living
if you really want to. I got my mind on my money and I’m not goin’ nowhere. So keep on
gettin’ yo paper and keep on climbin”
$100
Humans saw the first one of these in 1893 and it lasted for 34 seconds.
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What is a motion picture?
You can see them for free most weekends. Thankfully they are much
better today.
www.unc.edu/cuab
$200
Most Americans spend on average $41 per month for this?
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What are gym memberships?
You already have it all basketball courts, weight rooms, swimming pools, badminton, inner tube
water polo….
www.campusrec.unc.edu
$300
Hopefully you won’t need one but if you do they are free.
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$300
What is a lawyer?
Student Legal Services is located in the Union and they can advise you on most legal issues.
Google: UNC Student Legal Services
$400
Call this service we you need to get from Davis to Townhouse safely
late at night.
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$400
What is SafeWalk?
www.safewalk.unc.edu
$500
When you are feeling a little stressed or overwhelmed these folks
can help.
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What is Counseling & Wellness Services?
Individual and group sessions available.
www.campushealth.unc.edu/cws
$100
It’s as simple as writing down what you spend your money on and
where your money comes from.
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What is a spending plan or budget?
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Creating a budget helps you see these more clearly.
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What are your goals?
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True or False
If you don’t earn any money you don’t need a budget?
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What is False?
Developing good habits are important so even if you don’t have income you
should still get in the habit of budgeting.
$400
Vanilla, half-caf, grande Americano and bottled H20.
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What are spending leaks?
These items can destroy your budget. If you must have coffee get drip and
invest in a good water bottle.
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Two online campus resources that can help you with a budget.
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What are…..
www.studentaid.unc.eduwww.cashcourse.org/unc
$100
I should check this three times a year and it is just as important as
any book report.
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What is your credit report?
There are three credit bureaus and you should check one every 4 months to
monitor your credit.
www.annualcreditreport.com
$200
True or False
Getting a department store credit card that saves me 20% on my
purchase is good for my credit score.
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What is False?
These types of cards are usually bad for your credit score if you don’t pay
them off immediately.
$300
This was the original capital of North Carolina.
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What is New Bern?
Everyone just needs to know that.
$400
It is never too early to start one of these.
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What is a…
Savings Account CDMoney Market Roth IRA
$500
You would have this much money on your 50th b-day if you began
saving $200/month at 8% on your 20th b-day.
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$500
What is $300,000?
Resources
•CashCourse• http://www.cashcourse.org/unc
•Office of Scholarship and Student Aid• http://studentaid.unc.edu
•Financial Management for College Students: The UNC-Chapel Hill Student’s Guide to Wise Financial
Management• https://studentaid.unc.edu/referencedocs/financial_literacy.pdf