Welcome to...
Financial Literacy 101 Presented By: Eric Romero and Armando Villalpando
Who We Are Financial Literacy Program, SSA 133 Leige Doffoney, Dean of Academic Affairs Armando Villalpando, Financial Literacy Coach Eric Romero, Financial Literacy Coach
AGENDA ● ● ● ● ●
What is Financial Literacy Cost of College How to Pay for College Saving Money Alternative Ways to ○ Entertain Yourself ○ Make Money ○ Get More While Spending Less
● Budgeting Basic
What is Financial Literacy?
ACTIVITY TIME
Cost of Community College? Estimated cost at $46 per unit at LA Harbor College Fall 2012/Spring 2013
Summer 2013
Tuition and Fees
$1,200
$450
Books/School Supplies
$1,600
$800
Transportation
$1,200
$400
Personal Expenses
$3,100
$1,000
Total
$7,100
$2,650
http://www.lahc.edu/studentservices/finaid/coa.html
Transportation 2000 Toyota Corolla 13.2 Gallons, 25 mpg Gas Today $4.00 per gallon 13.2g X $4.00/g $50.00 (Full Tank) 13.2g X 25mpg 330 mi (Full Tank) Other Costs Insurance + tune ups + parking permits... Car Pool Anyone?
Books and Supplies Books Students should save about $1,650/year to spend just on books Supplies Pens, pencils, backpack, calculator, white out, paper, notepads, scantrons, blue books, printing, printer paper, ink, computer access, internet access, folders, binders, extra class fee, poster boards, goggles, ruler, art supplies... http://www.cccapply.org/faq/costs.asp#4
Personal Expenses Expected Amount - $3,100 2012/2013 School Year (9 month) Example of General Student Expenses Food - $300/month, $2,700 for school year Rent - $700/month, $6,300 for school year Cell Phone - $50/month, $450 for school year Don't forget Starbucks, utilities, birthdays...
SO...How can you pay for College? ● Financial Aid ○ Grants ○ Scholarships ○ Work Study
● Save ● Work ● Alternate ways of Making Money!!!
Financial Aid ● FREE MONEY FOR YOU ○ ○ ○ ○ ○ ○
BOG Fee Waiver Pell Grant Cal Grant Chaffey Grant Scholarships Work Study
● Have to Repay ○ School Loans ■ Subsidized ■ Unsubsidized ■ Parent Plus Loans.
Saving Savings Account - A place to store your money with the intention of a financial goal You save 10 dollars per week In one month, you will have $40 In one year, you will have $360 In 10 years, you will have $3,600 and that is with
no interest!
Working -Full time students shouldn't work more than 20 hours per week. full-time = 40 hours/week - part-time = less than 40 hours per week
Need money but can't work?
Making Money Options
ACTIVITY TIME!
Mint. com
In Perspective.
Mo Money, Mo Problems ● Making your Financial Aid last ● Planning for next semester's cost ● Cutting Back on spending ● Sacrificing your wants to your needs ● Budgeting basics
Saving Money ● Put your change aside in a piggy bank ● Automatically transfer money to savings account ● Packing your own Lunch ● Watching what you spend
Getting around for less
Transportation BUS FARE Metro (MTA) Single Trip $1.50 Day Pass $5.00 Bus Pass (Monthly)
$36.00
Takes long but cheaper!
Party like a baller, spending no dollars ● Activities ○ ○ ○ ○ ○
Beach Movie night with friends Free Museum Days Movie Screnings Read a book
● Food ○ Free Breakfast on your BDay ○ Free Ice Cream ○ Free meal at Black Angus.... and much more.
A Night Out ● Movies ○ San Pedro- ALL DAY Tuesday and Thursday is only $4.00. ○ AMC before Noon on Weekends is $ 6.00. ○ Want to go at night... AMC Thursday, discounted for students. Bring your School ID.
Looking Chic for Cheap Yelp.com
Thrift Stores
Your Location GoodWill Salvation Army Buffalo Exchange Out of the Closet Retro Reload
Buying Cheap Books Amazon ● Ebay ● or Half.com ● Google ● Used at LAHC ● Using an older edition*
*clear it with your Professor first.
Have an IPAD or Android Tablet? EBOOKS ● Kno ● CourseSmart ● Amazon Kindle
Why buy when you can Rent? ● ● ● ● ● ●
Chegg Bookrenter. com Amazon Google LAHC You can rent ebooks too!
Book Saving Example Book for Art 103 Class. Brand new: $166.00 Used: can range from($70.00-$ 105.oo) Savings of: $96.oo-$ 61.00 Are you going to use it again? Rent: $ 42.49 at Chegg. Savings of $ 123.51.
Budgeting
Mint.com
Be Happy!
and Successful!
See Updates at:
Achieving The Dream Financial Literacy
@ATDFinancialLit
See us at SSA 133, or call us at (310) 233-4046.
Thank You!
Questions?
