Professional Documents
Culture Documents
© 2010 Visa Inc., All Rights Reserved
© 2010 Visa Inc., All Rights Reserved
A1
Categorize spending (clothing, food, etc.) Identify future spending (car, etc.)
A2
Why Budget?
Helps you to live within your financial means and meet expenses
Helps you track spending versus saving to accomplish long- and short-term goals
Offers peace of mind. Worry is a waste of resources
A3
Ideas to Use
Pay yourself a weekly amount for spending money If you get a lump sum grant or loan for the semester, write the semesters worth of rent checks Use meal cards to plan your food costs Save each days loose change to make a weekend fun fund
Prioritize goals through college and beyond Determine resources needed to accomplish your goals Research options
A6
B1
Easy access See your account balances, transfer money and pay bills from any computer, anytime
B2
Getting Started
Banking Options Available to Students
Discounted rates Free checking Linked accounts to student loans
B3
No stamps or envelopes
Transfer funds to student loan or from parents account Automatic bill payment through your checking account
B4
Statements
Get an accurate financial record every month
Deters mail fraud and identity theft View past statement and spending habits Eco-friendly Deters mail fraud
B5
C1
C2
C3
C4
C5
D1
Saving Methods
Saving accounts
Money market deposit accounts CDs (music to your financial ears)
E1
Installment credit
Car loan, student loan, home loan Furniture purchase
Revolving credit
Department store cards Bank cards: Visa/MasterCard
E4
But remember
Its a loan Interest rate may go up May include additional fees Can be easy to overspend Can promote impulse buying
E5
Youll pay a higher APR for cash advances than you do for purchases.
Use the APR to help you compare the cost of different credit cards.
All of these fees are on top of any interest you might pay.
E6
E7
Decoding Credit
Choosing the right card starts with comparison shopping For more information visit: www.BankRate.com www.CreditCards.com
E8
F1
Card Security
Create a PIN that a smart thief couldnt figure out. Avoid the obvious like birth dates, names, etc. Always keep receipts Record transactions in your check register including fees to avoid overdraft charges
F4
ATM cards do NOT have a Visa logo and can be used only at your banks ATM (Automatic Teller Machine) or authorized ATM affiliates shown on the back of your card.
F5