It Will Be Your Money Someday!

It will be your money someday!Credit

or

Debit?

Needs

v.

Wants

Free stuffCarpe diem,

Semper eadem,Mo money,

mo problems

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When you swipe this card with a VISA logo the money comes directly out of your checking

account.

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What is a debit card?

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Using one of these is just like having a short-term loan.

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What is a credit card?

Credit Cards are no different than a loan. If you are using credit cards and not paying your balance each month but are avoiding student

loans that is not a good strategy.

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When you don’t pay your credit card balance in full each month

you will accrue these.

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What are finance charges?

Finance charges are based on your interest rate and will accrue daily

after your initial grace period.

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When you swipe your debit card a few times over the weekend but

don’t actually have any money you can accumulate a lot of these.

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What are overdraft fees?

Most banks can prevent these charges by declining your card or you can tie

your checking account to your savings account if you have one.

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When you get a credit card the lender uses APR ÷ 365 to calculate

this.

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What is your daily periodic rate?

Yes, everyday interest accrues on your credit card if you don’t pay your balance. This is known as

compounding interest.

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The new iPhone 5.

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What is a want?

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Advertisers spent this much money to tell you what you

“needed” in 2010.

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What is $94,000,000,000?

One of the largest influencers on how we determine what we need comes

from advertising and media.

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Every semester you’ll need these and they are not getting any cheaper.

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What are textbooks?

Obvious, yes, but you’d be surprised at how easy it is not to plan for

things we know are coming.

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True or False

If something is a “want” that means you cannot have it.

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What is false?

You can have it but you need to plan for it and it needs to be

purchased on your terms…no buyer’s remorse or retail therapy.

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This song catapulted the album Paper Trail to double platinum

with it’s self-help, money management lyrics.

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What is Live your Life?

“Now everybody watchin’ what I do come walk in my shoes and see they way I’m living

if you really want to. I got my mind on my money and I’m not goin’ nowhere. So keep on

gettin’ yo paper and keep on climbin”

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Humans saw the first one of these in 1893 and it lasted for 34 seconds.

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What is a motion picture?

You can see them for free most weekends. Thankfully they are much

better today.

www.unc.edu/cuab

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Most Americans spend on average $41 per month for this?

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What are gym memberships?

You already have it all basketball courts, weight rooms, swimming pools, badminton, inner tube

water polo….

www.campusrec.unc.edu

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Hopefully you won’t need one but if you do they are free.

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What is a lawyer?

Student Legal Services is located in the Union and they can advise you on most legal issues.

Google: UNC Student Legal Services

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Call this service we you need to get from Davis to Townhouse safely

late at night.

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What is SafeWalk?

www.safewalk.unc.edu

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When you are feeling a little stressed or overwhelmed these folks

can help.

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What is Counseling & Wellness Services?

Individual and group sessions available.

www.campushealth.unc.edu/cws

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It’s as simple as writing down what you spend your money on and

where your money comes from.

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What is a spending plan or budget?

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Creating a budget helps you see these more clearly.

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What are your goals?

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True or False

If you don’t earn any money you don’t need a budget?

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What is False?

Developing good habits are important so even if you don’t have income you

should still get in the habit of budgeting.

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Vanilla, half-caf, grande Americano and bottled H20.

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What are spending leaks?

These items can destroy your budget. If you must have coffee get drip and

invest in a good water bottle.

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Two online campus resources that can help you with a budget.

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What are…..

www.studentaid.unc.eduwww.cashcourse.org/unc

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I should check this three times a year and it is just as important as

any book report.

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What is your credit report?

There are three credit bureaus and you should check one every 4 months to

monitor your credit.

www.annualcreditreport.com

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True or False

Getting a department store credit card that saves me 20% on my

purchase is good for my credit score.

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What is False?

These types of cards are usually bad for your credit score if you don’t pay

them off immediately.

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This was the original capital of North Carolina.

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What is New Bern?

Everyone just needs to know that.

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It is never too early to start one of these.

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What is a…

Savings Account CDMoney Market Roth IRA

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You would have this much money on your 50th b-day if you began

saving $200/month at 8% on your 20th b-day.

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What is $300,000?

Resources

•CashCourse• http://www.cashcourse.org/unc

•Office of Scholarship and Student Aid• http://studentaid.unc.edu

•Financial Management for College Students: The UNC-Chapel Hill Student’s Guide to Wise Financial

Management• https://studentaid.unc.edu/referencedocs/financial_literacy.pdf