FINANCIAL MANAGEMENT
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Transcript of FINANCIAL MANAGEMENT
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FINANCIAL MANAGEMENT
29 AUG 05OC CARUSO
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OVERVIEW
• BUDGETS• CREDIT CARDS• IDENTITY THEFT
IMPORTANT FINANCIAL TOPICS FOR NEW COLLEGE STUDENTS
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BUDGETS
• WHAT YOU’RE GETTING– DON’T FORGET TAXES
• WHAT YOUR BILLS ARE– MAKE A LIST OF RECURRING BILLS
• HOW MUCH EACH BILL REQUIRES – SHOOT HIGH!
• MAKE IT FIT!!
FIGURE OUT:
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BEWARE: PITFALLS!!
• FOOD• PARTYING
– BEER (IF YOU’RE 21…DIFFERENT BRIEF)– COVERCHARGES
• ENTERTAINMENT– MOVIES– VIDEOGAMES
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CREDIT CARDS
• NOT FREE MONEY!!!• VISA WANTS YOU!
– TARGETS COLLEGE STUDENTS– NEW FINANCIAL INDEPENDENCE
• INTEREST RATES• HIDDEN CHARGES
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Introduction
• While you probably can’t prevent identity theft entirely, you can minimize your risk
• By managing your personal information wisely, cautiously, and with an awareness of the issue, you can help guard against identity theft
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Manage Your Personal Information
• Order a copy of your credit report from each of the three major credit bureaus
• Place passwords on your credit card, bank, and phone accounts
• Secure personal information in your home• Ask about information security procedures in your workplace
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Maintain Vigilance
• Don’t give out personal information on the phone, through the mail, or over the Internet unless you know who you are dealing with
• Guard your mail and trash from theft• Before revealing identifying information, ask how it will be
used and secured and if it will be shared with others
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Maintain Vigilance Continued
• Don’t carry your SSN card; leave it in a secure place
• Limit the identification information and the number of credit/debit cards that you carry
• Keep your purse and wallet in a safe place at work
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Consider Your Computer
• Update virus protection software regularly
• Don’t download files or click on hyperlinks from strangers
• Use a firewall
• Use a secure browser
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Consider Your Computer Continued
• Do not store financial information on your laptop • Avoid using an automatic log-in feature• Delete any personal information stored on your computer
before you dispose of it• Read web site privacy policies
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Social Security Numbers
• If someone asks for your SSN, ask the following questions:– Why do you need my SSN?– How will my SSN be used?– What law requires me to
give you my SSN?– What will happen if I don’t
give you my SSN?
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WHEN ALL ELSE FAILS:
CALL YOUR PARENTS!!
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QUESTIONS?