https://padlet.com/smurg351/ibkoistqocwp By: Skylar Murguia en-us 2018-02-08 16:22:54 UTC 2025-05-14 07:22:18 UTC hello@padlet.com smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/229661916 2018-02-08 16:26:05 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/229661916 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/257708878 2018-05-03 15:27:38 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/257708878 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/257709426 Plan:
Accomplish by age 55
-Determine My Retirement Needs; job benefits and enough savings to be stable 
-Estimate My Retirement Income; use earnings calculator to determine paychecks set by 401k percentages
-Calculate My Expenses; determine how much money I need to save now and how to Budget my money to live financially comfortable in the future
-Savings Plans; pay off my savings before I pay for other things that may not be necessary in order to save more]]> 2018-05-03 15:28:45 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/257709426 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/257716320 Plan: 
Start in 2 years
-Save $20 per week for the 52 weeks out of the year
-Allocate money into a savings account in the bank that directly deposited this money into it automatically
Only use money for actual emergencies and when it's the last resort]]> 2018-05-03 15:41:54 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/257716320 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/257716488 Plan: Start in 1 year
-Get a job when I turn 16
-Contribute 40% of my paycheck towards a college fund in the bank that will go untouched
-Aim for a scholarship to help prevent great student debt in the longrun
-Dedicate  the majority of my money towards college and vehicle costs]]> 2018-05-03 15:42:11 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/257716488 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/257716640 Plan: Start in 1 year
-Get a job when I turn 16
-Contribute 30% of my paycheck towards buying a car along with it's fixed and variable costs
=Be aware to put more money aside in an emergency savings account in case any accident occurs]]> 2018-05-03 15:42:31 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/257716640 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/257716831 Plan: Start in 2 years
-After college is paid off I will set a 2nd savings account and contribute 15% into vacation savings
-Only spend on necessities in order to save up for vacation spending
--Plan ahead of time to get cheaper options, deals, and packages ]]> 2018-05-03 15:42:54 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/257716831 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/259324126 Chase Bank
Accounts Chosen - Chase Student High School and College Checking as well as a Chase Savings account
Information - Chase Bank is one of the largest Banks in the U.S. that has a good basic checking account. However, Chase has low savings rates and fees that are high and can be unavoidable.
Reflection - I chose this bank because Chase Banks are very common to find and there are a few near me and this is a really important factor for me, since then I will be able to make deposits and take out money quicker and easier than if I chose a bank that's farther away. This bank also offers checking and saving accounts, prepaid cards, credit cards, mortgages, home equity line of credit, and loans. Some perks of having a Chase checking account include avoiding a $6 monthly fee if enrolled in college for five years, make a direct deposit towards your account, or have a $5,000 monthly average daily balance. They also offer retirement and insurance benefits. Chase bank also only charges $2.50 per transaction at non - Chase ATM's and $5 for international withdrawals, however ATM operators may charge their own fee.
Link - https://www.chase.com/]]> 2018-05-09 15:23:11 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/259324126 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/259326225 Cost of Home - $549,900
20% Down Payment - $109,980
Property Taxes - $13,600
Loan Amount - The amount I would be financing in this home is $439,920.
Monthly Payment - My mortgage payment would be $2,218 monthly.
Reflection - This home is more than 30% of the average salary of an RN which is $21,300. In order to make this house work in my budget I will ask for loans, start creating a savings account for buying my first home, and also work another job. ]]> 2018-05-09 15:27:30 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/259326225 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/259328090 Chase Freedom
Benefits/Information - Earn a $150 bonus after you spend $500 on purchases in your first 3 months of account opening. Offers 5% cash back on up to $1,500 in combined purchases and bonus categories each quarter you activate as well as an automatic unlimited 1% cash back on all purchase.
APR - 16.49% - 25.24% Variable
Default APR - 0% Intro APR for 15 months from account opening on purchases and balance transfers
Annual Fees - $0
Penalties - No prepayment penalties
Rewards - Cash back rewards
Reflection - I chose this credit card because Chase is very trusted banking option. My whole family has Chase accounts and being able to be added as an authorized user by a parent in order to have spending limits that could prepare to budget in the future. I could make payments that could make me more financially responsible and I won't be legally liable for any of the debt.
Link -https://creditcards.chase.com/freedom-credit-cards]]> 2018-05-09 15:31:07 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/259328090 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/259329708 2018-05-09 15:34:19 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/259329708 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/259330074 This insurance pays for medical and surgical expenses and can also reimburse the insured for expenses causes by illness or injury, or pay the care provider directly
Reflection - I chose these types of insurance ]]> 2018-05-09 15:35:03 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/259330074 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/261044397 This insurance policy can provide protection for damages caused by fire, windstorms, hail, lighting, and vandalism which could save so much money investing in]]> 2018-05-16 00:04:09 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/261044397 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/261044472 Car Insurance protects against financial loss in an event of an accident or theft. The type of coverage I would get is Liability Insurance because this covers repair or replacement of other people's cars and property caused in an accident.]]> 2018-05-16 00:04:49 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/261044472 smurg351 https://padlet.com/smurg351/ibkoistqocwp/wish/261044580 Life Insurance is a contract between insurer and a policyholder that pays out a sum of money when the person with the life insurance dies or even after a set period. ]]> 2018-05-16 00:05:36 UTC https://padlet.com/smurg351/ibkoistqocwp/wish/261044580