Basic Money Management 101
Teaches the basics of money
management with a youth targeted methodology.
Using a language and format that is young adult savvy
to explain relevant topics such as balancing a
checkbook, budgeting, using credit and making wise
choices.
All life lessons better learned young but never
learned at school.
Basic Money Management 101 also explains many of the
financial pitfalls many Americans fall in to.
Overspending, payday loans, high
interest rate credit cards, defaulting on loans, bad
check writing, and the consequences of bad choices!
Help your
children and grandchildren navigate the shark infested
waters of their financial futures.
Lectures
from Mom & Dad $0
Basic Money
Management DVD
$20
Your kids making
wise financial choices...
PRICELESS!
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Money
Education is a MUST!
The greatest gift
you can give a child is the financial education, tips and tools
he or she needs to make informed decisions with their money.
In 2001,
according to Nellie Mae, a national student loan service
organization, the average American college student had $2,350 in
credit card debt and 22% had $3,000 or more in credit card debt.
The Dangers of Credit Cards -
Top Ten Facts
Students Need to Know.
-
"Debt problems
can lead to depression, which affects study habits, academic
performance and retention rates."
- "Unfortunately,
in a few extreme cases, the stress associated with credit
card debt has been a factor in student suicides."
-
"People stressed about debt (particularly credit card debt)
are more prone to heart attacks, insomnia and explosive
emotions."
-
"Some studies suggest that those students with credit card
balances in excess of $1000 drink more, smoke more, use more
prescriptions for depression and have lower grade point
averages than those who don't carry credit card debt."
- "Debt can stick with students
long after graduation. Debt ridden students interested in
advanced degrees may not be able to secure graduate loans.
Potential landlords, and some employers, routinely review
credit histories."
- "Colleges and universities are
the one group that makes money out of the credit card
industry without bearing any responsibility for educating
the students about the possible pitfalls and the devastating
effect bad credit can have on their financial future. In
return for lucrative fees, many colleges allow the banks and
credit card companies to hawk their cards right on campus."
"Many young adults have been forced by long-term financial
problems to file for bankruptcy. In the years 1991-1999,
there was a 50% increase in bankruptcy filings for people
under 25."
"Filing bankruptcy can severely damage your credit ratings
for years. A bad credit rating may result in an inability to
obtain a mortgage, a car loan or any other extension of
credit."
- "Companies offer student "teaser" interest rates
of 5 to 7 percent and quickly increase them sometimes as
high as 20% or even more for those who miss payments or
receive cash advances."
- "Missing payments, or
making late payments, can result in increased interest
rates, late fees of up to $29 each billing cycle and most
importantly reporting to a credit agency who will in turn
include it on your credit report, which will be seen by all
future prospective lenders."
William
Francis Galvin, Secretary of the Commonwealth
http://www.sec.state.ma.us/sct/sctprs/prscrd/crdidx.htm
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Do
you want an extra
HALF MILLION Dollars?
If you save $25
every month, starting at age 18, until you are age
65, you will have deposited $15,000.
But over time...
your account could
be worth over $436,000 if it earns an interest rate
of 10% APR.
Almost
HALF A MILLION DOLLARS,
just by skipping one latte a week!
Wealth
is within anyone's reach!
Did you know...
$1,000
credit card bill with a 29% interest rate will take
over
TEN years to pay off if only the
minimum monthly payment is made each month!
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