are your peers on budgeting? ◦ 60% tried ◦ 37% managed to stick to it what is in your everyday...
TRANSCRIPT
Funding Your Freedom
Introduction
Budgeting in Everyday Life
Building a Wealth Portfolio
Credit as a Tool
Educational Value
Agenda
Budgeting – cut small, save BIG!
Are your peers on budgeting?
◦60% Tried
◦37% Managed to stick to it
What is in your everyday coffee?
http://www.hughcalc.org/coffee.cgi
Away from paper,
let’s Excel!
• Where do you keep the money you save?• Under your mattress?• A savings account? • In gold coins?
Building Your Wealth
• Ways to hold wealth• Savings Account• Gold Coins•Mutual Funds• Individual Stocks• Certificate of Deposits• Treasury Bonds
Building Your Wealth
Slow and SteadySavings Account
CD Treasury Bond 5 Year
Treasury Bond 10 Year
Initial 1000 1000 1000 1000After 5 Years 1530.28 1564.22 1590.61 1668.91After 10 Years 2073.94 2158.70 2225.93 2432.38
Wal-Mart Stock Mutual FundInitial Amount 1000 1000Year 5 1758.11 2137.10Year 10 2725.60 3886.66
Growing
When should you start saving for retirement?
Age You Start Saving 25 35 45
Account at age 65 $1,424,811 $623,058 $251,691
Savings
• IRA Account• Tax deferred gains• Early withdrawal fees
• Roth IRA Account• Income taxed beforehand• Maximum contribution • Early withdrawal fees
• 401 (K)• Tax deferred• Employer matched contributions• Early withdrawal fees
Types of Retirement Accounts
Obstacles Benefits Potential harm Future Implications
Credit as a Tool
Credit card vs. debit card Difficulties of getting approved Potential options
Getting Started
Perks or Potential Headache?
Credit Monitoring Websites:◦ https://www.creditkarma.com/auth/logon/◦ https://www.credit.com
Minimum Balance Calculator
Keeping Yourself on Track
$35,545 $39,613 $42,218 $50,150
What will YOU earn with your undergraduate degree?
$35,545 $39,613 $42,218 $50,150
What will YOU earn with your undergraduate degree?
$48,213 $50,554 $55,292 $64,500
What about with an MBA?
$48,213 $50,554 $55,292 $64,500
What about with an MBA?
…MS Accounting? $48,335 $50,000 $53,000 $85,000
$48,335 $50,000 $53,000 $85,000
…MS Accounting?
HINT: Industry average is 49%
What percentage of those graduating from UB SOM will find full-time positions, in a related field, within 3 months of graduation?
HINT: Industry average is 49%
MBA:◦ 86%
MS Accounting:◦ 89.3%
What percentage of those graduating from UB SOM will find full-time positions, in a related field, within 3 months of graduation?
Return on Investment:UB SOM is one of the Best in the Business Estimated Tuition and Living Expenses (SUNY 2020):◦ 2013-2014: $20,282◦ 2014-2015: $20,582◦ 2015-2016: $20,882◦ 2016-2017: $21,182
Total Estimated Cost: $82,928 Average Student Debt upon Graduation: $13,500
You will earn back your investment in 2.3 years
Let’s take a closer look at Syracuse University:
You will earn back your investment in 4.6 years◦ Average starting annual salary of a Business School
Undergraduate: $50,210◦ Estimated Tuition and Living Expenses: $57,450
Predicted to increase 3% per year◦ Average Student Debt upon Graduation: $31,810
Return on Investment:UB SOM is one of the Best in the Business
Consider opportunity to have educational value Think of the opportunities UB SOM can provide for
you:◦Working coincide distinguished professors◦ Networking with recruiters and other professionals ◦ Taking on and assuming leadership roles
Beta Alpha Psi as well as 19 SOM clubs with E-Board positions Countless group projects and classroom activities
Understand the true value of your Education
