MONEY MATTERS

Document Sample
MONEY MATTERS Powered By Docstoc
					  MONEY MATTERS

Making the most of your money
    Whats Happening Now!
• Under 19’s Bank account
• Building Society Young Savers
  Account
• Over 18’s current account – working
• No account at all
• Saving in a Piggy Bank
     School Leavers Choice
 Further Education      Employment

• Which Course?      • What Type of
• Which College or     work?
  University?        • Who to work for ?
• Where to stay?     • Where to work –
                       How do I get
                       there?
         Money Choices
• The Best Type Of Account
• Do I need to borrow
• Should I Save
• Should I protect myself and my
  posessions
• What other costs will I have
              Accounts
•   Student Accounts
•   Graduate Accounts
•   Current Accounts
•   Savings accounts

INTERNET ACCESS IS PRIORITY
      Types of Borrowing
- Overdrafts
 Student 0%
 Customer rate 19%
 Unauthorised rate 23%

- Credit cards 0% -28% shop around

- Loans (3% - 9%)
Student Loans / professional
  studies/graduate loans
      Protection / Insurance
•   Life
•   Income Protection
•   Contents
•   Critical Illness
•   Car
         Types of Saving
• ISA’s – cash based better 4.5%

• ONLINE SAVERS 4% - 5%

• Instant Access 2% to 4%

• Fixed term deposits 4% - 5%
  ( 6 months to 5 years)
    Other Costs- What Type?
•   Rent / Board
•   Gas /Electricity
•   Telephone
•   Council Tax
•   Water Rates
•   Mobile Phone
•   Transport- buses , petrol, car parking
•   Insurances
•   Food
•   Socialising
•   Tobacco ,cd’s, magazines,games
         The Importance of
             Budgeting
•   Priortise bills – pay on time
•   Open all financial mail
•   Set up filing system
•   Use direct debit / standing order
•   Total monthly bills - Surplus / Defecit
•   Money left save
•   Borrow wisely and cheaply
•   Plan one month minimum ahead on bills
•   If working save three months wages

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:6
posted:1/22/2012
language:
pages:10