Who wrote BMM 101?

Basic Money Management 101 was written and produced by a specialized team lead by Rachel E. Trueblood.  Rachel holds degrees in Finance and Economics and is currently studying for her Doctor of Philosophy Business PhD in Quantitative Techniques. She holds advanced certificates in Budgeting and Accounting and is certified in Six Sigma. She is also a member of the Financial Management Association International and the Association of Financial Professionals.

After many years in corporate accounting, Rachel moved into the IT field working internationally on the design and implementation of financial accounting, job cost and financial planning software. Most recently she has worked as an independent corporate consultant overseeing financial software conversions.

This DVD has been derived from the basic money management, business management and entrepreneurship seminars Rachel teaches at many vocational and technical colleges and from the experiences and stories she has gathered from her clients during her seminars on financial and retirement planning for seniors.

What topics does this video teach?

The video covers the basics of financial preparedness for a teenage or young adult. Basics like how to open a bank account, how bank accounts work and what are common charges associated with your bank account. Charges like overdraft fees and bounced check consequences are explained.

Believe it or not, most of the kids we surveyed didn't understand these basics. Half of them did not have a bank account until they were 18 or older.

The video also covers balancing a checkbook, budgeting, savings, and many of the pitfalls kids make in their first 10 years of financial responsibility. Pitfalls like credit card debt, payday loans, buy a car based on the payment, defaulting on loans and not starting to save for retirement with your first job.

Where did you get the $25 a month savings calculation?

You can play with an online saving calculator at http://www.hellodollar.com/archives/2005/08/savings_growth.html. Other financial websites also offer a savings calculator as well. It will ask you a few simple questions like how much you plan on saving, how often and for how long. It is truly fascinating to see the power of time when it comes to savings and investing. It should be the number one lesson kids should learn - save a little every week for the rest of your life for your retirement.

Fundraising?

This DVD is the perfect fundraising opportunity for any church, youth group or club.  We would love to help you raise money for your cause!  Please contact us at 877-469-5432 for more information.