My Life Board by Emily Chamernik https://padlet.com/echam157/sklyutbt6niy By: Emily Chamernik en-us 2018-02-08 16:22:56 UTC 2025-01-18 19:17:10 UTC hello@padlet.com Location Decision Making echam157 https://padlet.com/echam157/sklyutbt6niy/wish/229661876 In this project we decided where we would like to live in the future. First, we listed three possible locations where we would like to live. Then we compared different aspects of the cities, such as]]> 2018-02-08 16:26:02 UTC https://padlet.com/echam157/sklyutbt6niy/wish/229661876 Saving and Investing echam157 https://padlet.com/echam157/sklyutbt6niy/wish/257708755 2018-05-03 15:27:26 UTC https://padlet.com/echam157/sklyutbt6niy/wish/257708755 Retirement echam157 https://padlet.com/echam157/sklyutbt6niy/wish/257709373 Plan:
Start by first real job
1. Set up a 401k with employer, and discuss any employer match
2. Make allowances on W4 to 1
3. Use extra money for paycheck to put in 401k account
4. Invest between $15-$30 into mutual funds
5. Invest $1000/year in stocks]]> 2018-05-03 15:28:40 UTC https://padlet.com/echam157/sklyutbt6niy/wish/257709373 Townhouse echam157 https://padlet.com/echam157/sklyutbt6niy/wish/257717888 Plan:
Start by August 2018
1. Save 20% for down payment
2. Invest $75 every 3 months in diversified stocks
3. Invest $30 in mutual funds
4. Put 10% of paycheck into savings account
5. Start saving and investing while living at home/dorms]]> 2018-05-03 15:44:52 UTC https://padlet.com/echam157/sklyutbt6niy/wish/257717888 Wedding echam157 https://padlet.com/echam157/sklyutbt6niy/wish/257717990 Plan:
Start by when I'm 20
1. Invest $10 in mutual funds
2. Put 5% of every paycheck into savings account
3. Invest $30 every 4 months into diversified stocks
4. Marry rich or advise SO to invest]]> 2018-05-03 15:45:03 UTC https://padlet.com/echam157/sklyutbt6niy/wish/257717990 Traveling echam157 https://padlet.com/echam157/sklyutbt6niy/wish/257718630 Plan:
Start by August 2018
1. Put $100/year in savings
2. Invest $75 every 3 months in diversified stocks
3. Invest $30 in mutual funds
4. Put 10% of every other paycheck into savings account]]> 2018-05-03 15:46:19 UTC https://padlet.com/echam157/sklyutbt6niy/wish/257718630 Emergencies echam157 https://padlet.com/echam157/sklyutbt6niy/wish/257718758 Plan:
Start this summer
1. Put 10% of every other paycheck into savings
2. Start saving while still living at home/in dorms
3. Use half of one paycheck (when financially stable) to save]]> 2018-05-03 15:46:36 UTC https://padlet.com/echam157/sklyutbt6niy/wish/257718758 Banking and Financial Services echam157 https://padlet.com/echam157/sklyutbt6niy/wish/259324238 Bank Name: Chase and First Midwest

Checking accounts

First Midwest and Chase offers: Checking accounts, debit cards, online and mobile banking, credit cards, saving accounts, mortgage loans, student loans, and a signing cash reward.

I chose  First Midwest because it is very close to my home, it doesn't have ATM fees if I use the one that is close to my house, and my dad has an account there too, so he can easily transfer me money.
I chose Chase because it is one of the few banks that is on the campus of the college I will be attending, and it also has no ATM fees if I use their ATMs. 
Both banks also give you money when you open an account which is cool.
]]> 2018-05-09 15:23:22 UTC https://padlet.com/echam157/sklyutbt6niy/wish/259324238 Buying Goods and Services - Home Buying echam157 https://padlet.com/echam157/sklyutbt6niy/wish/259325840 Cost of Home:
20% Down Payment:
Property Taxes:
Loan Amount (amount financing):
Monthly Payments:
Reflection
Link and Picture]]> 2018-05-09 15:26:45 UTC https://padlet.com/echam157/sklyutbt6niy/wish/259325840 Using Credit echam157 https://padlet.com/echam157/sklyutbt6niy/wish/259327796 Credit Card Name: Kohl's Credit Card

Benefits/Rewards
Receive 15% off, 20% off on first purchase, spend $600 get 18 discounts throughout the year, purchases are tracked so can make returns without receipt.
Penalties: Late fee up to $35
Default APR: 26.99%
APR: 24.9%
Annual Fees: $0

Picture and link

I chose this credit card because I often shop at Kohl's for the majority of my clothes. Also, making returns is made easier because the purchases are tracked ]]> 2018-05-09 15:30:31 UTC https://padlet.com/echam157/sklyutbt6niy/wish/259327796 Protecting Against Risk echam157 https://padlet.com/echam157/sklyutbt6niy/wish/259329432 2018-05-09 15:33:48 UTC https://padlet.com/echam157/sklyutbt6niy/wish/259329432 Health Insurance echam157 https://padlet.com/echam157/sklyutbt6niy/wish/259329704 Types and Details:

(HMO)
Why]]> 2018-05-09 15:34:19 UTC https://padlet.com/echam157/sklyutbt6niy/wish/259329704 Car Insurance echam157 https://padlet.com/echam157/sklyutbt6niy/wish/261216219 Types:
  • Liability: Liability coverage comes in two forms: bodily injury and property damage liability. These cover damage to others and their property. They do not cover the driver or passengers.
  • Personal Injury Protection: This type of coverage will cover medical expenses related to driver and passenger injuries.
  • Collision: Get collision insurance if you want your insurance to cover the cost of damage done to your car, whether you are at fault or not.
  • Comprehensive: Collision only covers damage done in an accident. For example, if a tree falls on your car and destroys it, you’ll need comprehensive insurance to get compensation.
  • Uninsured or Underinsured Motorist: This covers you in the event that the person who hits your car does not have enough insurance to cover the damage — or any coverage at all.

I choose to have car insurance because I think accidents are a common unexpected event and I want to have the protection of insurance if something happens while i am driving.
]]> 2018-05-16 13:48:50 UTC https://padlet.com/echam157/sklyutbt6niy/wish/261216219 Homeowner's/Renter's Insurance echam157 https://padlet.com/echam157/sklyutbt6niy/wish/261216522 Types:
Renter’s insurance covers you against damage or theft of personal items in an apartment.

Homeowner’s insurance is absolutely essential. It protects your most valuable asset against damage and theft.

I want homeowner's insurance because in case I ever have a fire or a break in I will have coverage and I would also get money to replace any damage or stolen stuff.
]]> 2018-05-16 13:49:37 UTC https://padlet.com/echam157/sklyutbt6niy/wish/261216522 Life Insurance echam157 https://padlet.com/echam157/sklyutbt6niy/wish/261216747 Types: 
Life insurance is an essential component of protecting your family in the event that you pass before your time.There are costs associated with dying, such as burial and mortuary fees. Further, if you are the primary breadwinner, life insurance will help your family to offset the lost income.

I want life insurance so that if I die while having a family that they'll get some money and security.
]]> 2018-05-16 13:50:11 UTC https://padlet.com/echam157/sklyutbt6niy/wish/261216747 Disability Insurance echam157 https://padlet.com/echam157/sklyutbt6niy/wish/261216914 Types: 
Reimburses you for income lost during periods of time that you are not able to work. Disability insurance can cover permanent, temporary, partial and total disability.

I want disability insurance because it is likely that at some point in my life I will get injured and not be able to work and earn money, but disability insurance ensures that I would still get money.]]> 2018-05-16 13:50:38 UTC https://padlet.com/echam157/sklyutbt6niy/wish/261216914