Getting to Cheap - PowerPoint PPT Presentation

1 / 13
About This Presentation
Title:

Getting to Cheap

Description:

Common budget busters. Getting to cheap = choices. 9/12/09 ... Common Budget Busters. Not having one. Unrealistic expectations. Unaffordable lifestyle choices ... – PowerPoint PPT presentation

Number of Views:54
Avg rating:3.0/5.0
Slides: 14
Provided by: danw161
Category:
Tags: busters | cheap | getting | grim

less

Transcript and Presenter's Notes

Title: Getting to Cheap


1
Getting to Cheap
  • Selling Deprivation to Students

2
  • People need to stop thinking about saving as
    deprivation. We look at saving as a grim exercise
    rather than realizing that it's going to bring
    joy to our lives later on.
  • - Pat Jennerjohn

3
Agenda
  • Common debt issues students face
  • Deprivation defining frugality?
  • Defining money values
  • Common budget busters
  • Getting to cheap choices

4
Common Debt Issues
  • Credit cards
  • Average student debt is 2700
  • Average household debt is 8400
  • Cell phones
  • Collection accounts
  • Old medical bills
  • Other debts
  • Student loans
  • Personal debts

5
(No Transcript)
6
DeprivationDefining Frugality
  • Financial sacrifices are different for all
  • Goal setting may influence levels
  • Why do you feel deprived?

7
Defining Money Values
  • Get to know your financial self
  • Spending diary
  • Needs and wants
  • Emotional spending triggers

8
(No Transcript)
9
Common Budget Busters
  • Not having one
  • Unrealistic expectations
  • Unaffordable lifestyle choices
  • Emergency purchases

10
Getting to Cheap Choices
  • Involuntary simplicity
  • Where do you want to be financially?
  • 1 year from now
  • 5 years from now

11
Getting to Cheap Choices
cable
cellular phone
espresso
automobile
new computer
impulse buys
IPods
half-yearly sale
restaurants
12
Help Sally Maxout
  • Small group budgeting exercise

13
Thank You
  • Questions?
  • Kim Miller
  • Financial Awareness Trainer
  • ECMC
  • kmiller_at_ecmc.org
  • 804-267-7175
Write a Comment
User Comments (0)
About PowerShow.com