Money problems? Where did all my money go! Always runing out of money - broke. Credit Cards debit getting out of hand?
Kalani Fujiwara will explain that Good Financial Management is a Lifestyle, not a mode or temporary situation.
| When: |
Tuesday, November 17, 2009 |
| Where: |
Lama
116 (Library) |
| Time: |
10:45 am - 11:48 am |
Check out part II of this financial management series
Show Me The Money
(Financial Management 2)
Thursday,
November 19, 2009
Lama 116 (Library)10:45 am - 11:48 am
General
outline of Workshop
State of the economy is on you!
April is National Finance Literacy Month
Good Financial Management is a Lifestyle, not a mode or temporary
If you are taught good financial management by your family - you are lucky
Will help you the rest of your life
Choices you make defines the person you are
Looking at Student Mentality on Financial
Who's paying for college?
Why are you in college?
You are investing a lot of money into your college education (somebody is)
Starts with what's important for your future
Confusion between long term goals vs instant gratification.
First Step is Mufi's Way
Three steps Mayor Hanneman emphasizes in spenging our Tax Dollars, is a start for financial management basics for college students.
#1 Do you "really" need it? (Impulse Buying or Stress Relief)
#2 Can you "really" afford it? (No borrowing or Skipping Payment)
#3 Can you "really" maintain it? (The hidden extra costs?)
Examples of Mindless Spending of a College Student
Example #1 Transportation Costs (Car vs Education)
Do you need a car?
Hidden Costs killing your budget?
Example #2 Credit Card Problems
You do have to pay the money back.
Debit card is not a credit card
Banks target college students with credit card offers. Why?
College students are not educated about credit card use
8 out of 10 Students max out their credit cards
Easy prey for credit card hell
Do you need a credit card? (YES)
How many do you need? (only ONE for emergencies)
What type" (Usually MC or VISA)
What is the interest rates? (Always READ THE fine print on the application)
What's a Minimum Payment? (Pay it ALL off)
Example #3 Mindless Spending of College Students
AVOID "we going cruz" Mentality
Going out and partying is good as reward (But not every weekend)
Look at the DETAILS - Weekend of fun costs?
Go out Clothes
Transportation Costs
Food and Drink
Know True Friends - shared costs - has your interest in mind.
The habit of "you going spot me?" Ruins the financial health of students
FINAL WORD on Financial Management Part 1
Financial Management is your responsibility!
There is no bailout for you as an adult
There are consequences to our financial choices
Good habits begin now
Remember the Mayor Mufi's 3 steps
Email:
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