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Dollars and Sense

Dollars and Sense. Why Financial Literacy?. Did You Know? 75 % of students say they wish they had more help preparing for their financial future. Why Financial Literacy?. Did You Know? 1 out of 3 Americans have said at some point their financial situation felt out of control.

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Dollars and Sense

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  1. Dollars and Sense
  2. Why Financial Literacy? Did You Know? 75% of students say they wish they had more help preparing for their financial future.
  3. Why Financial Literacy? Did You Know? 1 out of 3 Americans have said at some point their financial situation felt out of control.
  4. Why Financial Literacy? Did You Know? The average American household with at least one credit card has nearly $15,950 in credit-card debt1.
  5. Why does this matter to you? You can learn to save up for college. You can budget for electronics, phones, and clothes. You can avoid credit card debt.
  6. What will this site teach you? About education and your future Why managing your money matters Three quick tips to remember Practice exercises Conclusion and resources
  7. Education Education matters. There is a direct relationship to the level of education you have to the amount of income you can expect to earn.
  8. Total Income Over 40 years, you can expect to earn much more based on your education level. Education is important for your future success.
  9. After You Earn After you complete your education and get a job, what is next? You will need to manage your money.
  10. Why Manage your Money? 75% of students: wished for more finance education. 1 out of 3 Americans: “finances felt out of control.” $15,950 in average credit-card debt/household.
  11. Quick Tips Avoid Bank Money Wasters: ATM Fees Credit Card Interest Put at least 10% of your allowance/paycheck into savings. Avoid Other Money Wasters: Lottery Tickets Cigarettes Costs for phone apps
  12. Practice Activities See the activity packets on my website. Here you can download them.
  13. Conclusion and Discussion Let’s Recap: What did you learn today? How does education affect your income? What money waster should you now avoid?
  14. Thank You Thank you for taking the time to work through my financial literacy workbook. I hope you learned some information that will help you as you learn to manage your finances, prepare for college, and begin your first job. Successfully managing your money is a challenge you will face for the rest of your life. You can very easily avoid fees by paying your bills on time, using an ATM without user charges, and making sure you have enough money in your checking account so that you don’t encounter an expensive overdraft fine. You can also save money every day by skipping a visit to the coffee shop, avoiding the car wash, and budgeting for items so that you pay with cash, not a credit card. I hope you learned these and other lessons as you worked through the program. I wish you well as you continue to manage your finances. I hope you take the time to visit www.Pearce.House.Gov/FinLit for further information, games, and resources. As always, if I can ever help you or your family with anything, please don’t hesitate to contact my office at 855-4-Pearce. In the future, we encourage you to use our third party resources listed below or come back to this packet for: Saving for college How to write a check Staying away from bad debt General tips for saving money Bank Accounts Yours, Steve Pearce
  15. More Resources Find more resources on the last page: Text message tips: www.Cashcourse.org Customized advice and budget: www.mint.com Compare bank accounts and loans: www.Bankrate.com Monitor your credit score: www.creditkarma.com Student loans and financial aid. www.fafsa.ed.gov Scholarships www.bookrags.com/articles/42.html Find all this and more at pearce.house.gov/finlit
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