My Life Board by Karrina Campos https://padlet.com/kcamp203/ulkmswgpbn0m en-us 2018-02-08 15:28:19 UTC 2024-10-02 03:43:41 UTC hello@padlet.com Location Decision-Making kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/229625960 2018-02-08 15:36:44 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/229625960 BANKING AND FINANCIAL SERVICES kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259297309 Bank of America
Bank of America is just down the street from my house. I live in Grayslake but also go to Chicago on the weekends and there is also a Bank of America down the street from my home out there. Location does play a factor to where I will bank because I want something for convenient and close to me, not a bank where I have to travel more.
Service offered by bank:
Family life banking- Helps you find out how to make the most financial life for you and your family.
Short term saving calculator-
Fees:
No monthly maintenance fees for each statement cycle that you maintain a minimum daily balance of at least $500 or pay $8.
No ATM fees
Non- Bank of America- $2.50 each within U.S and $5 outside U.S
Card replacement: $5
Stopping a payment: $30
Cashier checks: $10
Overdraft protection fee: $12
Withdrawal limit fee:
Make a total of 6 transfers and withdrawals each monthly statement cycle with no withdrawal fee but a $10 fee applies for each additional transfer and withdrawal you make before cycle ends.
Required opening deposit: $100
Perks:
Overdraft Protection, Automatic transfers, FDIC insured, Alerts, Financial Networks and Mobil banking.]]> 2018-05-09 14:27:46 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259297309 BUYING GOODS AND SERVICES-HOME BUYING kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259298461 Cost of home= $350,000
20% Down Payment= $1,317.46
Property Taxes=
Loan Amounts(amount financing)= $10,000 loan with a Monthly payment of $186.83
Monthly Payment=  $2,101

REFLECTION
This house ]]> 2018-05-09 14:30:04 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259298461 USING CREDIT kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259300084 Credit Card Name: Chase Freedom
Benefits/Information: Earn cash back for every purchase. Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cash back on all other purchases.
APR: 0% intro APR for 15 months from account opening on purchases and balance transfers. (low)
Annual fees: $0
Penalties:
Offers: Gain points on purchases and use those points towards your purchases. $150 bonus after you spend $500 on purchases in the first 3 months of opening the card/ account.
Why?
I chose Chase Freedom because I’m able to earn cash back when I spend money. It has no annual fees which is great and the APR is 0%. I can also earn points when I spend money and use those points towards my purchases. I’m able to earn great rewards that I can use towards Amazon, purchasing gift cards or direct deposit toward my bank account. I do tend to shop a lot so this card seems more beneficial.

]]> 2018-05-09 14:33:11 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259300084 PROTECTING AGAINST RISK kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259302089 2018-05-09 14:37:11 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259302089 HEALTH INSURANCE kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259302331 Blue Cross Blue Shield Insurance (HMO): Lower monthly premiums. A primary Care Provider (PCP) will coordinate health care.
Silver Plans: Higher premium costs but lower out-of-pocket costs. Plan pays 70% and you’ll pay 30%.
BlueCare Dental: This dental plan offers coverage for cleanings and preventative services.
WHY?
I chose this insurance because it covers in- network and basic services for me. They cover emergency services, prescription drugs and maternity care, hospitalization, laboratory services and Pediatric services, including oral and vision care. It Protects me from paying high medical bills. It also has the best benefits for me.
 ]]> 2018-05-09 14:37:38 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259302331 Retirement kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259303276 I plan on having a 401k  which is how I will save for retirement. I'm going to start with 10% to contribute to my 401k after I'm done with college and medical school because I want to wait until I have a stable job which will be after college and most of the money I earn during school will go to my college fund. I plan to increase the percentage I had chosen because I want to contribute as much as I can into my 401k.]]> 2018-05-09 14:39:41 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259303276 Education kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259638103 I want to start saving for College and Medical school right away. I'm going to college in the fall. Ill be attending CLC community college for 2 years  and transferring to a 4 year college than going to Medical School once I graduate. Going to a community college can help me save money towards my education and its cheaper. I plan to work full time and put my money towards college. Once I transfer I also will work, with every paycheck I get. I plan to put aside 75% into my college fund meaning saving account. When or if I get a raise I will put that money in there as well.]]> 2018-05-10 14:33:19 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259638103 Car kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259653602 I plan to start saving for a car over the summer along with college. I'm giving myself 7 years to save for a car because I'll be saving for for college so it will take me longer than I wanted to. I plan to add money into my saving account. ]]> 2018-05-10 15:08:32 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259653602 Homeowners/Renters Insurance kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259739228 Allstate
I want to have Allstate as my Homeowners insurance because I want my home to be protected if anything happens to it like all my personal belongings in my home. If  I get robbed or something happens outside my home I will be covered and won't have to worry about those expenses. ]]> 2018-05-10 18:20:43 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259739228 Car Insurance kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259741067 Allstate
Types of Coverage:
 Collison Coverage- Covers expenses related to the damage or destruction of your vehicle.
Comprehensive Coverage: Covers expenses related to your vehicle in situations like thefts or storms.
Liability Coverage: Cover expenses related to injury, death or property damage when you’re at fault.
Medical Payments Coverage- Covers medical or funereal expenses if you or your passengers are hurt.
Uninsured and Underinsured Motorists Coverage: Covers your expenses if the other driver is at fault and doesn’t have insurance.
WHY?
I want to have Allstate car insurance collision coverage, and medical payments coverage because it will pay for my bills after I get into an accident, pay for repairs that are from theft and vandalism. This type of insurance also has Safeguard investment that I've made on my car. Liability coverage can cover injuries, death or property damage when I'm at fault. This can help protect me and any passengers I have in my car which is why I want this policy in the future once I get a car on my own. ]]> 2018-05-10 18:24:46 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259741067 Life Insurance kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259743932 Allstate
I also plan to have Allstate Whole Life insurance because I want to be covered throughout my life. It will pay for my funeral cost so my family wont have to worry about it. It can also cover any expenses that my health insurance doesn't cover. This will protect my family and I which is why I want to have life insurance to ensure their safety and mine.]]> 2018-05-10 18:30:41 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259743932 SAVING AND INVESTING kcamp203 https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259959356 2018-05-11 14:23:20 UTC https://padlet.com/kcamp203/ulkmswgpbn0m/wish/259959356