a bit of housekeeping… have some coffee! don’t forget the questionnaire (and past classes) at...
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![Page 1: A Bit of Housekeeping… Have some coffee! Don’t forget the questionnaire (and past classes) at ss.grbc.net Paying off your credit card balance Your credit](https://reader030.vdocument.in/reader030/viewer/2022032708/56649e885503460f94b8c4ed/html5/thumbnails/1.jpg)
A Bit of Housekeeping…A Bit of Housekeeping…• Have some coffee!
• Don’t forget the questionnaire (and past classes) at ss.grbc.net
• Paying off your credit card balance
• Your credit report & credit score
• Balancing a checkbook?
• Any questions?
![Page 2: A Bit of Housekeeping… Have some coffee! Don’t forget the questionnaire (and past classes) at ss.grbc.net Paying off your credit card balance Your credit](https://reader030.vdocument.in/reader030/viewer/2022032708/56649e885503460f94b8c4ed/html5/thumbnails/2.jpg)
Where can I put my money?Where can I put my money?Savings (Banks / Credit Unions)Savings (Banks / Credit Unions)Savings (Banks / Credit Unions)Savings (Banks / Credit Unions)
• Checking Accounts
• Savings Accounts
• Money Market Accounts
• Certificates of Deposit (CDs)
• Checking Accounts
• Savings Accounts
• Money Market Accounts
• Certificates of Deposit (CDs)
InvestingInvestingInvestingInvesting
• Bonds
• Stocks
• Mutual Funds
• Bonds
• Stocks
• Mutual Funds
Advantage: Money is completely safeDisadvantage: Low interest rates
Advantage: Higher rates of returnDisadvantage: Money is at greater risk
![Page 3: A Bit of Housekeeping… Have some coffee! Don’t forget the questionnaire (and past classes) at ss.grbc.net Paying off your credit card balance Your credit](https://reader030.vdocument.in/reader030/viewer/2022032708/56649e885503460f94b8c4ed/html5/thumbnails/3.jpg)
MediumLowHighCDs
HighMediumMediumMoney Market
LowHighLowSavings
LowVery HighVery LowChecking
RequiredMinimum
Flexibility(Liquidity)
InterestRate
Where can I put my money?Where can I put my money?
![Page 4: A Bit of Housekeeping… Have some coffee! Don’t forget the questionnaire (and past classes) at ss.grbc.net Paying off your credit card balance Your credit](https://reader030.vdocument.in/reader030/viewer/2022032708/56649e885503460f94b8c4ed/html5/thumbnails/4.jpg)
$51.505.15%($250)
$50.00*5.00%($1,000)
$45.504.50%($10,000)
CD (5yrs)
$50.005.00%($250)
$43.504.35%($250)
$42.504.25%($10,000)
CD (3yrs)
$45.004.50%($250)
$43.004.30%($250)
$30.003.00%($50)
CD (1yr)
$40.804.08%($250)
$18.001.80%($1,000)
$11.701.17%($10,000)
Money Market
$17.501.75%$7.000.70%($5)$1.500.15%
($300)Savings
$7.500.75%$2.500.25%$00%Checking
$1,000 earns:
Interest
rate:
$1,000 earns:
Interest
rate:
$1,000 earns:
Interest
rate:
![Page 5: A Bit of Housekeeping… Have some coffee! Don’t forget the questionnaire (and past classes) at ss.grbc.net Paying off your credit card balance Your credit](https://reader030.vdocument.in/reader030/viewer/2022032708/56649e885503460f94b8c4ed/html5/thumbnails/5.jpg)
$47.504.75%
$45.004.50%
$43.004.30%
$17.501.75%
$7.000.70%
$1.500.15%
Interest rate: $1,000 earns:
Online-only banks? Your money is safe, if the online bank is FDIC insured.
Many online banks have no minimums, no fees, no service charges, no hidden costs.
Sure!
![Page 6: A Bit of Housekeeping… Have some coffee! Don’t forget the questionnaire (and past classes) at ss.grbc.net Paying off your credit card balance Your credit](https://reader030.vdocument.in/reader030/viewer/2022032708/56649e885503460f94b8c4ed/html5/thumbnails/6.jpg)
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
After 45 years, $1,000 grows to…
WachoviaSavings
WachoviaMoney Market
TruliantMoney Market
SECUMoney Market
Emigrant DirectSavings
$1,070 $1,796 $3,245 $6,943 $9,180
![Page 7: A Bit of Housekeeping… Have some coffee! Don’t forget the questionnaire (and past classes) at ss.grbc.net Paying off your credit card balance Your credit](https://reader030.vdocument.in/reader030/viewer/2022032708/56649e885503460f94b8c4ed/html5/thumbnails/7.jpg)
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
After 45 years, $1,000 grows to…
WachoviaSavings
WachoviaMoneyMarket
TruliantMoneyMarket
SECUMoneyMarket
EmigrantDirect
Savings
IndexMutualFund
$1,070 $1,796 $3,245 $6,943 $9,180 $72,890