PPT On Money Saving

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Money Saving Presentation Transcript:
1.Creativity in Money Saving

Welcome to “Becoming a Millionaire: Savings and Investment” sponsored by the Peer Financial Counseling Program from (insert your school’s sponsor(s)).  My name is (counselor’s name). The purpose of this program is to help you to gain skills in managing your income and expenses effectively.  This will help you make the most of the money you have for college, and develop good habits for your years after school. Please feel free to ask questions as we go through the presentation.
Becoming a millionaire is not easy, but it’s still possible for those of us who can’t play basketball like LeBron James, or sing like Britney Spears to achieve wealth.  Through disciplined saving and investment, you can become one of America’s millionaires.

2.Why manage your money?
Control your spending;
Achieve future goals;
Avoid unnecessary debt;
Prepare for emergencies;

3.Starting a Savings Plan
“Getting rich is not a function of investing a lot of money; it is a result of investing regularly for long periods of time.”

4.Find Money to Save
Save $5 a day (lunch, soda,
snacks, etc)
5 X 7 = $35 a week
35 X 4 = $140 a month
140 X 12= $1680 a year!!!
A LITTLE ADDS UP!!!

5.Shop around. Even small reductions add up!
Stop using the credit card –
use cash or debit card.
Use cost comparisons to shop around for financial products.

6.How to budget
Monthly budgets are easiest – bills, rent, loans, mortgages are monthly.
Do not include your savings as income.
Divide expenses into essential and non-essential expenses.

7.Track Day-to-Day Spending
Keep a mini notebook with you to keep track of all of the times you spend money.