Debt Management See detail at pay credit report website: http://www.paycreditreport.com

Budgeting 101 The first step is to know how much money is coming in so you know how much money you can spend. See detail at pay credit report website: http:// www.paycreditreport.com

See detail at pay credit report website: http:// www.paycreditreport.com

Budgeting Basics: Determine wants vs needs Determine your short term and long term goals Do the math Are you tough enough to make the decisions that will get you where you want to be? See detail at pay credit report website: http:// www.paycreditreport.com

ATM Fees Computerware Home Parties Cosmetics Online Services Beauty Parlor Over the limit fees Beepers Dating Ice Cream Parking Fees CD’s Gifts Overage Fees Bottled Water Bounced Checks Clubs Cigarettes Greeting Cards Tanning Haircuts Videos Cable TV Late Payment Fees Dinners Out Bar Night Books Fast Food Attacks Dry Cleaning Car Wash Lottery Tickets Magazines Movie Rentals Sports Lunches Out Film Development Gambling Prescriptions Household Items Pet Costs Licenses Speeding Tickets Cash Advance Fees Munchies Vending Machines Souvenirs See detail at pay credit report website: http:// www.paycreditreport.com

Interest savings between lowest/highest payment = $1,570 ; time saved = 75 months or 6.25 years! See detail at pay credit report website: http:// www.paycreditreport.com

Good Vs Bad Debt Good debt is debt that returns something of long term value such as a higher education or home. Bad debt is often categorized as short-term “feel good” debt and may be unwise purchases that you can’t afford and don’t really need. Any bad debt over 15% of your annual income after taxes should set off an alarm. See detail at pay credit report website: http:// www.paycreditreport.com

You can run …………………..

Student Credit Card Debt If you have a problem – get help! Consumer Credit Counseling Services(CCCS) call 800.388.2227 to be connected to the office nearest you

The following individuals and organizations contributed to this presentation U.S. Department of Commerce, Bureau of the Census Mapping Your Future USA Funds Services Dr. Flora Williams, Purdue University Michele Colson, Debt Management Consultant Jim Swisk, Michigan Guarantee Agency Young Money The Mint