Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Financial Literacy

No description
by

Kathryn Anderson

on 11 January 2017

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Financial Literacy

Financial Literacy
design by Dóri Sirály for Prezi
Agenda
Understanding Credit
Building Financial Literacy- 5 Easy Steps
Setting a Budget
1. Know where your money is coming from
Know how much you have
Know your income and income frequen
cy
2. Know where your money is going

Reviewing monthly expenses
Creating a budget
Find ways to save
3. Understand your credit and debt situation
Get a copy of your Credit Report
List all current debts/loans
4. Identify financial goals

5. Ask for help!
Introducation
Kathryn Anderson
AmeriCorps Student Support Specialist
206-934-7478
kathryn.anderson@seattlecolleges.edu
Meeting with students 1:1
Tutoring
Arranging Volunteer Tutors
Facilitating Workshops
Introduction
Warm-Up
5 Steps towards Financial Literacy
Setting a Budget
Credit
Financial Goals
Resources
"The ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being." -
Advisory Council on Financial Literacy (2008)

Resources
Budgeting and Financial Goals
https://www.mint.com/
https://www.everydollar.com/
https://www.personalcapital.com/
Myfinancialgoals.org
Credit and Debt Management
Clearpoint Credit Couseling Services
El Centro De La Raza
https://www.debt.org/students/types-of-loans/
https://www.creditkarma.com/
https://www.annualcreditreport.com/index.action
freecreditreport.com
Why?
Set and Reach Financial Goals
Spend According to Your Priorities
Avoid Debt
Plan for the Future
Build an Emergency Fund
Peace of Mind
Common Types of Credit:
Revolving, Installment, Open Charge, Utility, Mortgage
Advantages:
Pay for larger items at once
Using purchases while (or before) paying for them
Convenience
Record-keeping online
Perks/rewards
Build positive credit history
Disadvantages:
Impulse buys
High cost to borrow (interest rates/fees)
Extra homework- checking for incorrect/fraudulent credit card charges
Not paying the lenders back regularly leads to a poor credit history
Credit Continued
Financial Literacy
https://www.bettermoneyhabits.com/index.html
Financial Goals
Credit Report
:
detailed report of an individual’s credit history.
Credit Score
: A number that represents
your "credit worthiness"- your ability to pay your bills, and pay them on time.
A written plan for your money.
Make your goals SMART!
Specific
Measurable
Attainable
Relevant
Time-Bound
Pay off debt/loans
Improve Credit Score
Save for future expense (ie. car, rent, tuition etc.)
Build an emergency fund


Wherever you are is a great place to start.
Warm-UP
Draw a map of how to get to a place that you go frequently. Include as many details as you can think of.
Full transcript