This document provides tips on how to manage personal finances and set goals to become a millionaire. It discusses establishing both short-term and long-term financial goals, creating a money diary to track spending and income, dividing funds into categories for everyday expenses, emergencies and savings. A four-step saving/spending plan is outlined that involves creating a budget, determining income and amounts to save, adjusting the plan as needed. The document also covers the differences between debit and credit cards and advice for using reward cards responsibly.

1. HOW TO MANAGE YOUR PERSONAL FINANCES TO BECOME A MILLIONAIRE Presented By Spring Valley Middle School Girls Conference 2011

2. The Truth About Millionaires Quiz WHO WANTS TO BE A MILLIONAIRE? DebtWave.com

4. What resources you will need

5. How much time will it take

6. How to make the goal fit into your life DebtWave.com

8. Establish time frames

9. Devise an “action” plan

10. Be flexible: goals can changeDebtWave.com

11. SHORT-TERM -vs- LONG-TERM GOALS Short-Term Goals: 0-3 years Examples: 1. Save $200 for a new iPod Nano by June 1st 2. Open savings account with parents Long-Term Goals: 4+ years Examples: 1. Save $1,000 for a new computer by high school graduation 2. Save $5,000 for college tuition What are your goals? DebtWave.com

13. Clothing store

14. Helping family business

16. Can you cut back on anything?DebtWave.com

18. Your allowance may be set, but the income you get from part-time jobs or chores may change a lot.

19. Start with the average or what you can count on.DebtWave.com

21. saving for emergencies

22. long-term saving (high school)

23. longer-term saving for the future (college)Several envelopes for your cash may help you keep your money separate. It may make sense to keep a stash of cash for everyday expenses in your bedroom. The rest should be kept in a savings account so you can earn interest. Check out the Saving Calculator. It will calculate how long it takes to save an amount of money. DebtWave.com

25. Or, maybe the numbers are right, but you're having a hard time sticking to them.

26. Now it’s time to change your habits to make it work.By taking a hard look at what you do with your money, you can begin to set some limits and shift money around between spending and saving – this is called managing your money. THE 4 STEP SAVING/SPENDING PLAN DebtWave.com

27. THE 4 STEP SAVING/SPENDING PLAN Example: Nicole just got two new jobs! Babysitting Income: $50 per week $10 per hour, 5 hours a week Household Chores: $15 per week Take out trash, walk the dog or clean dishes Total: $65/week

28. THE 4 STEP SAVING/SPENDING PLAN Date your entries and see how often you spend on the same items. My Daily Money Diary Mon 1/31: Snack and soda $1.50 Tues 2/1: Cell phone bill $15 text message overages $8.00 Tues 2/1: Starbucks Coffee $3.85 Wed 2/2: Chipotle after school $4.25 Wed 2/2: iTunes music $6.99 Thurs 2/3: Snack and soda $1.50 Fri 2/4: Movie and popcorn $12.36 Sat 2/5: Clothes from the mall $15.67 Sat 2/5: Lunch @ food court $4.95 Sun 2/6: New volleyball $5.00 Sun 2/6: Lunch at the beach $5.88 REMEMBER: $65/WEEK What Can Be Adjusted? Less snacks or sodas? Skip Starbucks? Less music? Less clothing? A better text message plan? START SAVING! Mon 2/7: Snack and soda $1.50 Tues 2/8: Snack after volleyball $4.50 Thurs 2/10: Valentines Day cards $4.59 Thurs 2/10: Present for BFF $6.08 Sat 2/12: Lunch after volleyball $6.54 Mon 2/14: Happy Valentines Day! Starbucks Coffee $3.85 Mon 2/14: Pizza with BFF $4.39 TOTAL EXPENSES: $ 31.45 AMOUNT LEFT OVER: $33.55 TOTAL EXPENSES: $84.95 DEBTS OWED: -$20.00 AMOUNT LEFT OVER: -$19.95 (Asked Mom and Dad to loan her an extra $20) FINAL AMOUNT LEFT OVER: $13.55 DebtWave.com

29. DEBIT CARDS vs. CREDIT CARDS Can you tell the difference?

31. 16 digits

32. Expiration date

33. Your name

34. Bank name

35. Credit card logo (Visa, Mastercard)Debit Cards are linked to your checking account

36. -VS-

38. Higher interest rates than bank credit cards or major credit card companies

41. Gain points/access to free or exclusive products just by shopping at the store

43. Early access to products that aren’t available yet

45. RECAP PLAN Come up with short and long-term goals & stick to them! Open a savings account with a parent or guardian ORGANIZE & TRACK Create a Money Diary Know where you’re spending your money ALWAYS save some money Work your goals into your life Monitor the progress of your short and long-term goals BE SMART WITH YOUR MONEY Only get a credit card when you feel you’re ready & treat it like cash Credit cards are safer to use for online purchases ONLY buy things you know you can afford or when you have saved Check your online/paper statements on both debit and credit cards frequently Remember: department store credit cards aren’t worth it If you’re realistic with what you can afford and you save, you can be a millionaire!

46. THANK YOU!! Contact Information Wendy Ullman Community Outreach Coordinator Direct Line: 858-751-2813 wendy@debtwave.com Don’t forget to find us on Facebook!  DebtWave.com