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Organize

Save

Progress

Net Worth

EMERGENCY FUND

$300transfer

fromemergency

fund

RETIREMENT FUND

CompoundInterest

$3,000 savedx 2.5% interest--------------------

$75 interest 1st year

$3,075 1st year + $3,000 2nd year

x 2.5% interest--------------------

$151 interest 2nd year

$3,075 1st year + $3,000 2nd year

x 2.5% interest--------------------+ $151 interest

$6,226 saved in 2 years

$3,000 each year x 30 years

x 2.5% interest---------------------

$135,000

$3,000 each year x 30 years

x 4% interest----------------------

$175,000

SMART INVESTING SERIES

Chapter 1: Your Financial FitnessChapter 2: Designing Your BudgetChapter 3: Banking BasicsChapter 4: Establishing CreditChapter 5: Credit & Identity TheftChapter 6: Controlling DebtChapter 7: Tips for Daily SavingsChapter 8: Saving for the Future

Individual Retirement

Accounts

IRS.gov/retirement

Traditional Paycheck- IRA $

--------------= Gross pay

- taxes

RothPaycheck

- taxes--------------= Gross pay

- IRA $

Traditional Age 59.5+

Withdraw $- taxes

$5,000Under age 50

$6,000 over age 50

Withdraw $$$Any Age

Withdraw tax freeOver age 59-1/2

$5,000 yearly IRAx 20 years

------------------------$100,000 plus interest

$5,000 yearly IRAx 30 years

------------------------$150,000 plus interest

$5,000 yearly IRAx 40 years

------------------------$200,000 plus interest

$200,000 His+ $200,000 Hers

------------------------$400,000 plus interest

$96 weekx 52 weeks

------------------------$5,000 plus interest

$58 weekx 52 weeks

------------------------$3,000 plus interest

$58 weekly savingsx 20 years = $60,000x 30 years = $90,000

x 40 years = $120,000plus interest

$50 weekly savingsx 40 years = $104,000

$58 weekly savingsx 40 years = $120,000

$$$ For

I.R.A.

725%

= 14 years

7214 years

= 5%

CREDIT CARDS

Visa $8,000MasterCard $5,000

Discover $3,000owe $16,000

$16,000x 5% Balance Transfer Fee

owe extra $800

LicenseSocial SecurityCredit Card

Merchant IDValid Card Number

Expiration DateCredit Card Limit

Card Usage

Which ones to keep?OldestLow APR (annual % rate)High credit limit

Card #1$5000$ 500-----------10% spent

Card #2$1000$ 500----------- 50%

HigherCredit Limit

35% of Credit Score

= PAYMENT HISTORY

finrafoundation.org

Designed and Narrated by

Chris KilbrideFamily & Consumer Sciences

http://tinyurl.com/3vcjtkj

http://tinyurl.com/3vcjtkj