Welcome to...

Financial Literacy
101
Presented By:
Eric Romero and Armando Villalpando
 Who We Are

Financial Literacy Program, SSA 133

Leige Doffoney, Dean of Academic Affairs

Armando Villalpando, Financial Literacy Coach

Eric Romero, Financial Literacy Coach

 AGENDA
● What is Financial Literacy
● Cost of College
● How to Pay for College
● Saving Money
● Alternative Ways to
○ Entertain Yourself
○ Make Money
○ Get More While Spending Less
● Budgeting Basic
What is Financial Literacy?

ACTIVITY TIME
Cost of Community College?
Estimated cost at $46 per unit at LA Harbor
College
Fall 2012/Spring 2013 Summer 2013
Tuition and Fees $1,200 $450
Books/School Supplies $1,600 $800
Transportation $1,200 $400
Personal Expenses $3,100 $1,000

Total $7,100 $2,650

http://www.lahc.edu/studentservices/finaid/coa.html
Transportation
2000 Toyota Corolla
13.2 Gallons, 25 mpg
Gas Today $4.00 per gallon
13.2g X $4.00/g $50.00 (Full Tank)
13.2g X 25mpg 330 mi (Full Tank)
Other Costs
Insurance + tune ups + parking permits...
Car Pool Anyone?
Books and Supplies
Books
Students should save about $1,650/year to
spend just on books
Supplies
Pens, pencils, backpack, calculator, white out,
paper, notepads, scantrons, blue books,
printing, printer paper, ink, computer access,
internet access, folders, binders, extra class fee,
poster boards, goggles, ruler, art supplies...
http://www.cccapply.org/faq/costs.asp#4
 Personal Expenses
Expected Amount - $3,100
2012/2013 School Year (9 month)
Example of General Student Expenses
Food - $300/month, $2,700 for school year
Rent - $700/month, $6,300 for school year
Cell Phone - $50/month, $450 for school year
Don't forget Starbucks, utilities, birthdays...
SO...How can you pay for
College?
● Financial Aid
○ Grants
○ Scholarships
○ Work Study

● Save

● Work

● Alternate ways of Making Money!!!

Financial Aid
● FREE MONEY FOR YOU
○ BOG Fee Waiver
○ Pell Grant
○ Cal Grant
○ Chaffey Grant
○ Scholarships
○ Work Study
● Have to Repay
○ School Loans
■ Subsidized
■ Unsubsidized
■ Parent Plus Loans.
Saving
Savings Account - A place to store your money
with the intention of a financial goal

You save 10 dollars per week

In one month, you will have $40
In one year, you will have $360
In 10 years, you will have $3,600
and that is with no interest!
Working
-Full time students shouldn't work more than
20 hours per week.
full-time = 40 hours/week
- part-time = less than 40
hours per week

Need money
but can't work?
Making Money Options

ACTIVITY TIME!
Mint.
com
In Perspective.
 Mo Money, Mo Problems
● Making your Financial Aid last

● Planning for next semester's cost

● Cutting Back on spending

● Sacrificing your wants to your needs

● Budgeting basics
 Saving Money
● Put your change
aside in a piggy
bank
● Automatically
transfer money to
savings account
● Packing your own
Lunch
● Watching what you
spend
Getting around for less
Transportation
BUS FARE
Metro (MTA)
Single Trip $1.50
Day Pass $5.00

Bus Pass $36.00

(Monthly)

Takes long but cheaper!

Party like a baller, spending
no dollars
● Activities
○ Beach
○ Movie night with friends
○ Free Museum Days
○ Movie Screnings
○ Read a book

● Food
○ Free Breakfast on your BDay
○ Free Ice Cream
○ Free meal at Black Angus....
and much more.
 A Night Out
● Movies
○ San Pedro- ALL DAY
Tuesday and
Thursday is only
$4.00.
○ AMC before Noon on
Weekends is $ 6.00.
○ Want to go at night...
AMC Thursday,
discounted for
students. Bring your
School ID.
Looking Chic for Cheap
Yelp.com Thrift Stores Your Location

GoodWill
Salvation Army
Buffalo Exchange
Out of the Closet
Retro Reload
 Buying Cheap Books
Amazon
● Ebay
● or Half.com
● Google
● Used at LAHC
● Using an
older edition*

*clear it with your Professor first.

Have an IPAD or Android Tablet? EBOOKS

● Kno
● CourseSmart
● Amazon Kindle
Why buy when you can Rent?
● Chegg
● Bookrenter. com
● Amazon
● Google
● LAHC
● You can rent ebooks
too!
Book Saving Example
Book for Art 103 Class.
Brand new: $166.00
Used: can range from($70.00-$ 105.oo)
Savings of: $96.oo-$ 61.00

Are you going to use it again?

Rent: $ 42.49 at Chegg.
Savings of $ 123.51.
Budgeting

Mint.com
Be Happy!
and Successful!
 See Updates at:

Achieving The Dream @ATDFinancialLit

Financial Literacy

See us at SSA 133, or call us at (310) 233-4046.

Thank You!
Questions?