Jewish Women’s International

Workshop

Lizzy Senowitz, Kelly Comack, Julia Lafferty

 Statistics
● 58% of the seniors want SDT to provide programming
on career development.
● 32% of juniors and seniors want more Financial
Education from their membership in Sigma Delta Tau
● 25% want SDT to teach Resume and Interview skills;
● 23% want Financial Literacy programs
SORORITY TO CAREER
Our Stories
At a Glance

● (First 30 minutes) Introduction: Transforming sorority

experiences into skills valued in the workplace
● (Hour): You got the job, now what?
○ Professionalism
○ Budgeting
○ Long-Term Assets
 Introduction (first 30 minutes)

● Transforming sorority experiences into skills valued in the

workplace
○ Share a story of someone who held a leadership position in SDT, and how
they transitioned their way into a career, then became a CEO.
○ Discuss the importance of the fundamentals a sorority teaches
us---leadership, organizational skills, time management, people skills,
public speaking, etc.
○ Small group activity: Create a list of skills you’ve gained from SDT. In
workbooks, create resume sentences.
You Got the Job, Now What? (1 hour)

● 3 Rotations (15 minutes each)

● Professionalism
● Budgeting
● Long Term Assets
Professionalism

● How to act on the job: Professionalism, Tips from the professionals!

● Negotiating your salary in a professional way
● Networking
● Case Study-
○ Read 3 scenarios on negotiating salary and select which employee did it
the correct way.
Budgeting

● Financially Responsible
● Making Sense of Your Cents
● Financial Plan
● Weekly Budgets, Monthly Budgets, Yearly Budgets
● How to Balance Expenses: Needs vs Wants
● My Scenario Currently as a College Student
● Exercise: Given a base Salary, How would you set up your financial plan?
 Long-Term Assets

● Long term assets are an important part of a financial portfolio

● Role-Playing: Buying a House
○ Banker
○ Real-Estate Agent
○ Buyers (2)
Role Play- Buying a House
Partner 1: I think it’s time we buy a house.
Partner 2: I know I’ve been thinking about it too. We really need more space and all this rent we are
paying is just money out of our pockets and we don’t even own anything.
Partner 1: We have $80,000 saved in our joint account so we could use that for our downpayment and
then take out a mortgage for the rest.
Partner 2: That’s what I was thinking. Since houses usually require a 20% down payment, that means our
$80,000 down payment would be enough for a $400,000 house. Wow that sounds like a scary number,
but I guess the bank won’t give us a mortgage if they think we won’t be able to pay it on our combined
salaries.
Partner 1: I would really like to stay close to where we are now since both of our families live here.
Partner 2: I would too. Plus the schools are good here and it is a reasonable commute for both of us to
our jobs.
Partner 1: Let’s stop into the Weichert office on Main Street and ask to speak to a real estate agent.
Partner 2: Great idea. Let’s do it today.
Partner 1: Definitely!
Real Estate Agent: I would love to help you find a house. Tell me what your price range is and what style
house you are looking for.
Partner 1: Well we have $80,000 saved for a down payment, so I believe that puts us in the $400,000
category.
Real Estate Agent: Yes, that would be about right. Don’t forget however, you will also have to pay property
taxes each month. What is your combined income?
Partner 2: Together we earn $225,000 per year.
Real Estate: That’s great. You should have no problem getting a mortgage. How is your credit rating?
Do you pay all of your bills on time?
Partner 2: Our credit rating is excellent. We are never late on any bills.
Real Estate Agent: Perfect. That puts you in a good position to qualify for a mortgage at a pretty low
interest rate.
*THE COUPLE SPENDS WEEKS LOOKING AT HOUSES AND FINALLY FINDS ONE THEY WANT TO
BUY FOR A PURCHASE PRICE OF EXACTLY $400,000.*
REAL ESTATE AGENT: I think this house is perfect for you. It is the right price and the property taxes
come in at about $900 per month. Now you need to write the check for the $80,000 deposit which is
refundable if by a small chance you do not qualify for the mortgage or you change your mind within 90
days. Then it’s time to go to the bank to start the mortgage process.
BANKER: Hello. I see that you have a combined income of $225,000 and I already checked your credit
rating from the information your real estate agent gave me. You have a credit score of 825 which is near
perfect. The highest score is 850 so you are in a good position to qualify for an excellent interest rate on
your mortgage of $320,000. We will need $1000 deposit to start the process of getting you a mortgage.

Partner 1: That is amazing. I will write you a check right now for the deposit so we can get the ball rolling.
Partner 2: This is so exciting and a little scary, but we can handle it.
Partner 1: Definitely.

THE BANKER STARTS THE PROCESS AND CALLS 5 DAYS LATER TO TELL YOU THAT YOU HAVE
BEEN APPROVED AND THE CHECK IS READY.

Real Estate Agent: Now that you have the mortgage check, we can go to closing and you can sign all the
legal documents that are needed for the house to become officially yours.
Partner 1: So our total monthly payment each month will be $2800 including property taxes? Is that right?
Partner 2: Yes that is what I calculated. Don’t panic! We can handle it!
Real Estate Agent: Yes you can! Otherwise the bank would not have approved your mortgage.
See you at the closing when you become owners of a long term asset!