FINANCIAL LITERACY/PERSONAL MONEY MANAGEMENT FOR HIGH SCHOOL AND COLLEGE STUDENTS
Managing your money can be a daunting task and banking as we know it has changed significantly in the last few decades. These videos offer a conversational approach to understanding "everyday financial matters." The intention is to help you strengthen your financial literacy, building a strong foundation for the more complex financial thinking and decisions in the future.
Episode 1.1: CHECKING AND SAVINGS
(Part 1 of 2) Having a checking and a savings account lay the foundations for the lifelong development of money management skills. It is through these accounts that you truly learn to "manage" money. |
Episode 1.2: CHECKING AND SAVINGS
(Part 2 of 2) A debit card is linked to your checking, and sometimes your savings as well, for overdraft protection. Using debit cards responsibly is an important skill to possess. |
Episode 2: CREDIT CARDS
Having credit cards can be helpful when unexpected financial situations arise, but living beyond your means, which, contrary to popular belief, is not their purpose,. |
Episode 3: Budgeting
Being able to pay your bills (expenses) based on what you have earned (income) is a careful balance between responsibility and spending discipline. Create a budget and use as a guideline to keep you out of the red! |
Episode 4: Online Shopping
Paying for items online is both secure and extremely convenient. Consider using an online service like PayPal and always read and understand the processes involved when potential fraud occurs. |
Episode 5: Student Loans/Expenses
There are many ways to reduce student loan debt - attending community college, work study opportunities, and applying for scholarships and grants. Make sure that you buy your books - it is a necessary expense in higher education! |
Episode 6: Overspending
Living within your means is a responsible way to avoid overspending which can result in overwhelming debt and stress. There are lots of free things to do! |
Episode 7: Bad Credit
Maintaining good credit is an active process that involves being responsible, living within your means and paying your bills on time. Poor credit takes a long time to repair and could make life more challenging (and more expensive). |
Episode 8: Loaning People Money
Being overly generous could potentially cause you grief. Its okay to give what you can and not expect anything back. |