Financial Health And Wellness by Jason Eaton https://padlet.com/jeaton131/72yayogni3xcih7f Made with serendipity en-us 2021-11-09 20:07:15 UTC 2021-11-09 21:07:05 UTC hello@padlet.com https://padlet.net/icons/png/1f4b0.png IF I was going to pay for college here is some things I would do as a first year student jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879387037 2021-11-09 20:09:58 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879387037 1st Thing I would do is to set my self up with a high GPA that will allow me to get scholarships to help pay for college tuition jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879389029 2021-11-09 20:11:00 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879389029 The cost of tuition here at Eastern is about 12,000 dollars. I would divide that up into 4 part so about 3,000. I would get a job that fits my schedule that has a good starting rate and work as much as I can. To avoid school conflicts I would set a day that I get all my work done for the week if possible so I can focus on the job outside of school after academics is taken care of. jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879397852 2021-11-09 20:15:29 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879397852 2nd I would then save my money and buy necessities over wants and just keep flooding money into a savings account. This means that there will be hardly any time to have as much fun as you like but paying off tuition is a better feeling than most realize. jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879402497 2021-11-09 20:17:50 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879402497 We need to be taught about credit more and how it works and why its so important. Credit is when lets say a bank gives you money but you have to pay this money back. If you pay the money back repeatedly then this builds your credit score pretty high. If you don't pay this money back then it will lead to a bad credit score. jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879408953 What is Credit 

]]> 2021-11-09 20:21:19 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879408953 What I would do it set up a bank account and apply for credit, If I get approved I would ask for 100 dollars. With this 100 dollars I would use this as my gas card to fill up my car. At the end of the month I would pay the bank 100 dollars back to cover the cost of the money loan. jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879413158 Credit example ]]> 2021-11-09 20:23:37 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879413158 Credit is important be because later in life it will allow you to get good loans if needed with a high credit score. It will allow you to have a high credit check and that effects the house you can buy, the car you decide to get, and also help you not get into debt as well. jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879418196 Why is this important ]]> 2021-11-09 20:26:23 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879418196 3rd I would keep a consistent pay plan each month/year that will get me closer to paying off tuition. For example If paying 500 a month was going to get me closer then I would pay that amount every month to stay on track jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879428959 2021-11-09 20:32:16 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879428959 I currently budget my money every month and here are some of the things I do. I get my total amount and find what needs to be paid for the month. For example If I get 1800 a month I write all the things that need to be paid jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879443439 2021-11-09 20:39:53 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879443439 My list consist of Rent, car insurance, utilities, WIFI, gas. In total that cost is about 1,000 dollars month on necessary things needed to be paid. For my rent I have a separate card to build my credit. I ask for 500 a month and then pay that money back. Its the little things that will biuld great credit jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879450504 2021-11-09 20:43:33 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879450504 My first tool I use is a google sheet. This allows me to put all my payments on file and allows me to see how much money I have left over to spend. I usually but 200 into my retirement fund as well. Another strategy that I do is put my extra cash that I get and put that into a envelope and tell my roommate to put it somewhere were I don't touch it nor spend. I usually forget about this until I put more money back into it. The third one I do sometimes is transfer a certain amount from my checking's to savings so I only spend what I have too. jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879462657 2021-11-09 20:50:37 UTC https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879462657 For savings I keep it simple. I like to take an extra 200 out of my check each month and put it either into a savings account or my retirement fund. I've been doing this since I got to college and it has helped me tremendously. Another tool I use is a stock app called Acorns, this allows me to put money into different dividend investments and also retirement fund. Last saving method I do is to spend what I need and out away what I don't. Personally I don't buy much out of my budget so its great because it allows me to save a lot of money over the year. I use these methods because they all have their own ways that allow me to save and that will set me up with a good future. Being able to come out of college with tuition paid for and money saves up will help you start your real world very well. Below is a website by Bank Of America with 8 simple ways to save money jeaton131 https://padlet.com/jeaton131/72yayogni3xcih7f/wish/1879480283

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