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Your Money

Your Money . What High School Students need to know ( condensed version) (and adults too). Budget Now. Find out how much money it is going to take for you to live comfortably by budgeting. Now find out how much you will make with your planned education www.gacollege411.org

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Your Money

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  1. Your Money What High School Students need to know (condensed version) (and adults too) Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  2. Budget Now • Find out how much money it is going to take for you to live comfortably by budgeting. • Now find out how much you will make with your planned education www.gacollege411.org • Do you have enough to live like you would like? • THE MORE EDUCATION THE MORE $$$ Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  3. SCHOLARSHIPS • Keep your HOPE Scholarship, it is worth a lot of money for that extra time spent studying • Keeping your grades up in high school will qualify you for a lot of free scholarship money. Get paid for studying. Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  4. Become a Millionaire • Start investing NOW - in a Roth IRA - Retire a Millionaire • You need to invest to be rich. $1 a day –you will be a Millionaire if you invest and leave it there because of compound interest. • For example, if a 25-year-old invested $200 a month, and earned an average 10% return on her investment, she'd have $1.3 million by the time she turned 65. If you wait until you are 30 you will not get to a million. Starting at 17 is even better. • The best place to start investing is in your employer's 401(k) if it offers a match on your contributions. DOUBLE YOUR MONEY • See A Beginning Investor's Best Friend to learn more about how to get started and for three stellar funds that will let you in for as little as $50. Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  5. Plan to live without Credit Cards • New Law requires you to be 21 or have a co-signer who will pay your bills if you do not. • Paying only the minimum due will take you 30 years to pay off your debt If you never charge anything else. • Save now and pay with cash later. Do without some things now and be able to have almost anything you want later paid in cash !!! Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  6. CASH • Cash also gives you better bargaining power when making purchases like cars, appliances, TV’s etc… • Go prepared to bargain – know your prices • Understand loans before signing them. • Ask for a copy of the loan papers to take and read before signing … This will give you time to be sure that is what you want to do and let you get help in understanding the fine print. Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  7. Decisions you make now that cost you BIG MONEY later • Speeding – can increase your insurance rates until you are 27. • Average increase of $200 - $400 a year which will cost you $2000 - $4000 extra over the next 10 years. • What will $4000 buy you to get there a minute or two slower? • DUI – Make that now $5000-9000 over 10 years Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  8. PYF • Pay Yourself First – 10 % a month goes into savings for emergencies. You should save up 3 – 6 months equivalent pay that you never touch. Invest it in a CD or savings account at your bank so you can get to the money if you need it. Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  9. Checking account • Open one checking account and be very careful. No overdrafts, no bounced or returned checks and keep a balance of over $100. Checking and Savings can build your credit scores and save you money later on loans by lowering your interest rate. Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  10. FREE or CHEAP • Use Open source software its free and is almost as good as the real thing. On most computers it will save you around $300 -$500. This software is compatible with the popular software like MS office www.Openoffice.org • Free (freeware) Computer Anti-virus software, spyware removers etc.. AVG, Malwarebytes etc… www.tucows.com or www.cnet.com Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  11. FREE • Free directory Assistance 1 800-GOOG-411 • Free Conference Calls Google Voice freeconferencecalling.com • Hands free texting and emailing Dial2Do.com Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  12. FREE or CHEAP • Get 60% more from your ink cartridge • Ecofont.com – download tells printer to use less ink • Use every drop of ink or fix your own printer see www.fixyourownprinter.com • Free College non-credit courses www.academicearth.org • Starting a Business www.myownbusiness.org – free class Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  13. FREE or CHEAP • FREE TV – via web Why pay for cable www.hulu.com www.antennaweb.org www.Joost.com • Cheap legal forms – www.nolo.com • Financial Aid information www.finaid.org Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  14. My Favorite Shopping Sites • www.bensbargains.com – they look for deals you just click and buy • www.techbargains.com – for tech items • www.dodtracker.com – for one deal sites • www.overstock.com – good items cheap QUICK shipping • www.buy.com – wide variety like amazon • www.bargainist.com – they find great buys Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  15. More Favorite Shopping Sites • www.queensboro.com – great embroidery items at great prices. Sign up for emails. • www.colorcreek.com – best t-shirt designs and prices. • www.smartbargins.com - variety of items • www.mypoints.com – free money back for every $ you spend. No catches or other requirements. Log in before you go shopping online. Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

  16. Questions ? • Please share your knowledge • Don’t be afraid to ask for help when it comes to your money • Higher Education PAYS BIG BUCKS $$$ over your working years. Anna Lush, Business and Computer Science Industry Certified Instructor Jefferson County High School

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